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Stock impact report

Solid Siding Business Aid Louisiana-Pacific (LPX), High Costs Ail [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
However, supply chain woes, inflationary pressure and a high degree of product concentration in the Oriented Strand Board (OSB) segment are risk factors to the company's growth prospects. Growth Driving Factors of the Stock Siding Business to Drive Growth: The company has been making efforts to increase penetration of Siding products in repair/remodel and roll out SmartSide products. The company has been witnessing higher-than-expected demand for Smooth SmartSide and ExpertFinish. The company recently announced the expansion of Siding Capacity with the production restart at Peace Valley. The Siding unit contributed 51.5% to sales in 2023. Under the unit, the ExpertFinish product witnessed 8% volume growth in the fourth quarter of 2023, the same as the prior-year quarter. In 2023, the company undertook strategic moves to enhance the portfolio and market reach of its Siding business. It opened a new ExpertFinish facility in Bath, NY, which shed light on increased automation and i Show less Read more
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