UFP Industries, Inc. announced its fourth quarter 2024 results on February 17, 2025, with net sales of $1.46 billion and diluted earnings per share of $1.12. For the full fiscal year 2024, the company reported net sales of $6.7 billion and diluted earnings per share of $6.77, reflecting a challenging second half of the year due to softer demand and competitive pricing.
The results for the fourth quarter included impairment charges and severances of approximately $0.11 per diluted share, offset by a gain on the sale of real estate of approximately $0.03 per diluted share. The company confirmed the leadership transition, with Will Schwartz officially replacing Matt Missad as CEO and Landon Tarvin succeeding Will as president of UFP Retail Solutions, effective December 29, 2024.
UFP Industries maintains a strong financial position, ending 2024 with nearly $1.2 billion in cash and approximately $2.5 billion in liquidity. Management anticipates that softer demand and competitive pricing will persist through the first half of 2025, with overall demand expected to be slightly down across all segments. The company remains committed to its long-term goals, including 7-10% annual unit sales growth and a 12.5% EBITDA margin, supported by a target of $60 million in cost savings by the end of 2026.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.