UFP Industries, Inc. announced its first quarter 2025 results on April 28, 2025, reporting net sales of $1.60 billion, a 3% decrease from Q1 2024. Net earnings attributable to controlling interests were $78.8 million, with diluted earnings per share of $1.30. The company noted that the quarter was more challenging than anticipated, though business activity showed sequential improvement each month.
Gross profit for the quarter decreased to $268.2 million, with the gross profit margin compressing to 16.8% from 19.9% in the prior year period. Despite the challenging environment, UFP Industries remains on target to achieve $60 million in structural cost savings by year-end 2026 and continues to invest in higher-growth, higher-margin opportunities.
The Board of Directors approved a quarterly cash dividend of $0.35 per share in April 2025, marking a 6% increase year-over-year. The company also repurchased $70 million of stock in Q1 2025 at an average price of $108, leveraging its strong balance sheet which included $903.6 million in cash and $2.2 billion in liquidity as of March 29, 2025. Management anticipates softer demand and competitive pricing to continue through the remainder of 2025.
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