UFP Industries, Inc. reported its second quarter 2025 results on July 28, 2025, with net sales of $1.84 billion and diluted earnings per share of $1.70. Net earnings attributable to controlling interests were $100.7 million. The company noted that market conditions remained soft and stable, with continued tariff uncertainty impacting sentiment.
Gross profit for the quarter was $312.7 million, representing a 17.0% margin, down from 19.1% in Q2 2024. The company remains on track to achieve approximately $60 million in structural cost savings by year-end 2026. UFP Industries also updated its share repurchase authorization, increasing it to $300 million through July 2025, with $108 million remaining as of early May 2025, and repurchased an additional 1.15 million shares for $120.6 million subsequent to the quarter.
In a strategic move to improve capacity utilization and reduce costs, the Board of Directors approved the closure of its Bonner, Montana manufacturing facilities on July 23, 2025. This restructuring is expected to incur $15-17 million in impairment charges in Q3 2025 but eliminate approximately $16 million in future operating losses by 2026. Additionally, the company completed the sale of a small industrial component manufacturer and real estate, expecting a $13 million gain in July, with another $2 million gain anticipated from a property sale in Q3.
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