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Stock impact report

UFP Industries (UFPI) Q1 Earnings Top, Sales Miss, Down Y/Y [Yahoo! Finance]

UFP Industries, Inc. (UFPI) 
Last ufp industries, inc. earnings: 4/22 04:41 pm Check Earnings Report
US:NASDAQ Investor Relations: ufpinvestor.com
Company Research Source: Yahoo! Finance
The top and bottom lines declined on a year-over-year basis. Lower pricing and organic unit sales hurt the company's quarterly results. Following the results, the company's shares lost 2.7% during the trading session on Apr 30, 2024. Earnings & Revenue Discussion UFP Industries' quarterly earnings came in at $1.96 per share, which surpassed the consensus mark of $1.62 by 21% but declined 1% from the year-ago quarter's level of $1.98. Net sales of $1.64 billion, however, lagged the consensus mark of $1.68 billion by 2.7% and declined 10% year over year. The downside was mainly due to a 9% fall in selling prices and a 1% decline in organic unit sales. New product sales were $124 million. Contribution from new product sales rose to 7.6% from 7.4% in the prior-year quarter. UFP Industries, Inc. Price, Consensus and EPS Surprise UFP Industries, Inc. price-consensus-eps-surprise-chart | UFP Industries, Inc. Quote Segment Discussion UFP Retail Solutions : The segment report Show less Read more
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