UFP INDUSTRIES INC

For the period ended Mar 28, 2026. Filed May 6, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 28, 2026 · Filed May 6, 2026

UFPI$82.66+3.4%Stored close · as of Nov 9, 2026

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Contents

PART I.		FINANCIAL INFORMATION.	Page No.

	Item 1.	Financial Statements	3

		Condensed Consolidated Balance Sheets at March 28, 2026, December 27, 2025 and March 29, 2025	3

		Condensed Consolidated Statements of Earnings and Comprehensive Income for the Three Months Ended March 28, 2026 and March 29, 2025	4

		Condensed Consolidated Statements of Shareholders’ Equity for the Three Months Ended March 28, 2026 and March 29, 2025	5

		Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 28, 2026 and March 29, 2025	6

		Notes to Unaudited Condensed Consolidated Financial Statements	7

	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	19

	Item 3.	Quantitative and Qualitative Disclosures about Market Risk	34

	Item 4.	Controls and Procedures	34

PART II.		OTHER INFORMATION

	Item 1.	Legal Proceedings – NONE

	Item 1A.	Risk Factors	35

	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	35

	Item 3.	Defaults upon Senior Securities – NONE

	Item 4.	Mine Safety Disclosures – NONE

	Item 5.	Other Information	36

	Item 6.	Exhibits	37

CONDENSED CONSOLIDATED BALANCE SHEETS


(in thousands of United States dollars, except share data) · · March 28, · · December 27, · · March 29, ·
· · 2026 · · 2025 · · 2025 ·
Assets
Current assets
Cash and cash equivalents	$714,453	$914,199	$903,562
Restricted cash	13,952	10,872	1,061
Investments	40,104	34,374	30,725
Accounts receivable, net	647,770	475,959	712,990
Inventories:
Raw materials	374,690	380,206	388,413
Finished goods	392,441	341,814	366,500
Total inventories	767,131	722,020	754,913
Income taxes receivable	19,570	38,373	1,819
Assets held for sale	2,516	6,340	—
Other current assets	64,244	66,515	59,321
Total current assets	2,269,740	2,268,652	2,464,391
Deferred income taxes	9,924	8,025	4,796
Restricted investments	51,303	50,540	42,038
Right of use assets	117,809	115,790	116,457
Other assets	98,696	102,433	103,658
Goodwill	343,843	343,921	340,255
Indefinite-lived intangible assets	7,350	7,336	7,307
Other intangible assets, net	127,582	133,616	148,359
Property, plant and equipment:
Property, plant and equipment	1,976,998	1,936,470	1,810,735
Less accumulated depreciation and amortization	(971,431)	(943,890)	(887,710)
Property, plant and equipment, net	1,005,567	992,580	923,025
Total assets	$4,031,814	$4,022,893	$4,150,286
Liabilities, temporary equity and shareholders’ equity
Current liabilities
Accounts payable	$255,982	$205,932	$277,690
Accrued compensation and benefits	123,391	188,354	123,587
Other accrued liabilities	75,906	71,039	63,113
Current portion of lease liability	27,616	27,997	28,051
Current portion of long-term debt	6,027	899	4,085
Total current liabilities	488,922	494,221	496,526
Long-term debt and finance lease obligations	228,310	228,859	229,936
Lease liability	100,970	99,085	96,218
Deferred income taxes	83,396	83,205	30,682
Other liabilities	29,040	28,816	32,588
Total liabilities	930,638	934,186	885,950
Temporary Equity
Redeemable noncontrolling interest	485	4,463	5,280
Shareholders’ equity
Controlling interest shareholders’ equity:
Preferred stock, no par value; shares authorized 1,000,000; issued and outstanding, none	—	—	—
Common stock, $1 par value; shares authorized 240,000,000; issued and outstanding, 56,480,230, 56,591,900 and 60,394,887	56,480	56,592	60,395
Additional paid-in capital	461,153	444,828	416,562
Retained earnings	2,561,230	2,559,375	2,772,821
Accumulated other comprehensive income (loss)	726	1,564	(12,097)
Total controlling interest shareholders’ equity	3,079,589	3,062,359	3,237,681
Noncontrolling interest	21,102	21,885	21,375
Total shareholders’ equity	3,100,691	3,084,244	3,259,056
Total liabilities, temporary equity and shareholders’ equity	$4,031,814	$4,022,893	$4,150,286

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

AND COMPREHENSIVE INCOME


(in thousands of United States dollars, except per share data) · · Three Months Ended
· · March 28, · · March 29,
· · 2026 · · 2025
Net sales	$1,461,267	$1,595,519
Cost of sales	1,225,378	1,327,323
Gross profit	235,889	268,196

Operating expenses
Selling, general and administrative expenses	172,883	176,254
Net gain on disposition and impairments of assets	(1,652)	(76)
Other losses (gains), net	577	(234)
Total operating expenses	171,808	175,944

Earnings from operations	64,081	92,252

Interest and other
Interest expense	2,623	2,669
Interest and investment income	(5,433)	(11,117)
Equity in (earnings) loss of investee	(53)	19
Total interest and other	(2,863)	(8,429)

Earnings before income taxes	66,944	100,681
Income taxes	15,847	21,258
Net earnings	51,097	79,423
Less net earnings attributable to noncontrolling interest	(323)	(670)
Net earnings attributable to controlling interest	$50,774	$78,753

Earnings per share - basic	$0.90	$1.30
Earnings per share - diluted	$0.89	$1.30

Other comprehensive income:
Net earnings	51,097	79,423
Other comprehensive (loss) income	(903)	3,181
Comprehensive income	50,194	82,604
Less comprehensive income attributable to noncontrolling interest	(258)	(637)
Comprehensive income attributable to controlling interest	$49,936	$81,967

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