Wood & Panel

UFP Industries release third quarter results

 Friday, October 21, 2022

UFP Industries, Inc. reported record net sales of $2.3 billion and net profitability of $167 million attributable to controlling interests for the third quarter of 2022. Additionally, the business announced record earnings per diluted share of $2.66, up 37% from the third quarter of 2021.

Third Quarter 2022 Highlights (comparisons on a year-over-year basis):

“UFP’s ability to deliver record-setting performance in a challenging economic environment is a direct result of the efforts of our hard-working teammates and a balanced business model that minimizes risk by operating in diverse but complementary markets,” said CEO Matthew J. Missad. “Our market-focused organizational structure helps us to better address customer needs, and our increased commitment to innovation and new, value-added products continues to improve our operating results and set us apart from competitors.”

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