UFP Industries Q2 sales beat estimates on acquisitions, new products sales

UFP Industries

29/07/2026 21:47

Overview
U.S. wood and packaging manufacturer's Q2 sales rose 3%, beating analyst expectations
Diluted EPS for Q2 fell to $1.48 from $1.70 a year ago
Company cited higher freight costs as primary factor impacting earnings

Outlook
Company maintains 2026 outlook, expects unit sales flat to slightly down across segments
Input costs, mainly energy and transportation, expected to remain elevated for rest of 2026
Demand tied to new residential construction seen as challenging, with stabilization in other markets

Result Drivers
HIGHER FREIGHT COSTS - Co said increased transportation rates and elevated fuel costs drove up freight expenses, weighing on earnings
ACQUISITIONS AND ORGANIC GROWTH - Net sales rose mainly due to acquisitions and organic volume gains in Deckorators, Structural Packaging, Protective Packaging, Concrete Forming, and Commercial units
NEW PRODUCT SALES - Higher share of sales from new products contributed to revenue growth

Company press release: ID:nPn5jb9hFa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.88 bln
$1.79 bln (5 Analysts)
Q2 EPS
 
$1.48
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the forest & wood products peer group is "buy"
Wall Street's median 12-month price target for UFP Industries Inc is $105.00, about 15.4% above its July 28 closing price of $91.01
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
July 29 - Ireland's Smurfit Westrock Q2 sales rise on strong paper demand
July 29 - Home improvement firm Masco misses quarterly sales estimates as demand remains weak

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)