Latest news with #MikeCole
Business Wire
06-05-2025
- Business
- Business Wire
UFP Industries to Hold Investor Meetings At Upcoming Conferences in June
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Industries, Inc. (Nasdaq: UFPI), a leading provider of wood and wood-alternative products, today announced that members of its executive team will participate in two upcoming investor conferences in June 2025. UFP will attend the Bank of America Housing Symposium on Tuesday, June 3, 2025, in New York, NY, and the Stifel Cross Sector Insight (CSI) Conference on . The UFP Industries team will be represented by Mike Cole, Chief Financial Officer; Landon Tarvin, President of UFP Retail Solutions; and Stanley Elliott, Director of Investor Relations. Company representatives will host one-on-one and small group meetings with institutional investors at both events to discuss UFP's strategy, performance, and market outlook. Additional details about the company are available on UFP Industries' investor relations website at About UFP Industries, Inc. UFP Industries, Inc. is a holding company whose subsidiaries supply wood, wood composite, and other products to retail, industrial, and construction customers. Founded in 1955, the company is headquartered in Grand Rapids, Michigan, and operates facilities throughout North America, Europe, Asia, and Australia. UFP Industries is a component of the S&P MidCap 400 Index and is traded under the symbol UFPI.
Yahoo
19-02-2025
- Business
- Yahoo
UFP Industries Inc (UFPI) Q4 2024 Earnings Call Highlights: Strategic Investments Amid ...
Release Date: February 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. UFP Industries Inc (NASDAQ:UFPI) ended 2024 with strong liquidity, boasting nearly $1.2 billion in cash and an equivalent amount of debt capacity. The company achieved a 10.3% EBITA margin for the year, which is 300 basis points higher than 2019 levels. UFPI's acquisition of CNL Wood Products expands its geographic reach and strengthens its packaging segment. The company is investing heavily in automation, technology, and new product development to enhance shareholder value. UFPI's new product sales for 2024 reached $505 million, with a goal to increase new products to 10% of sales over time. UFPI experienced a 4% decline in sales for the quarter, driven by a reduction in selling prices due to weaker demand. The company's adjusted EBITA fell by 28% to $133 million, with margins pressured by competitive pricing. UFPI's packaging segment saw a 9% drop in sales, with a significant decline in structural packaging volume. The construction segment faced a 5% decrease in sales, with a notable decline in site-built unit volumes. UFPI anticipates challenging business conditions to persist into the first half of 2025, with modest unit declines expected across business units. Warning! GuruFocus has detected 7 Warning Signs with TMNSF. Q: Can you provide an update on the decorators' shelf space changes at big box retailers and the expected impact on growth in 2025? A: We are excited about the Surestone technology, which will be placed in a big way in over 1,500 stores in the second half of the year. We are building capacities through CapEx investments, and you will see this come into play significantly in the latter half of the year. (Will Schwartz, CEO) Q: Regarding construction gross margins, how much of the pressure is due to mix versus pricing declines? A: The pricing declines within site build were significant and are expected to continue into the first half of the year. The mix impact is also significant, as factory-built carries a different margin structure than site build, which is our highest margin business. We expect this mix impact to continue into the first half of the year. (Mike Cole, CFO) Q: What trends are you seeing in the packaging segment from a demand and pricing standpoint? A: There continues to be pressure with market takeaway down, and we expect this to persist for at least the first half of the year. We believe pricing has reached a bottom, but we do not expect increases until demand improves. (Will Schwartz, CEO) Q: Can you remind us about the CapEx program and how much has been spent so far? A: The $1 billion program is largely intact. Last year, we approved $330 million, but the spend was lower due to long lead times for equipment and site selection for greenfields. We expect to approve another $350 million this year, focusing on high-margin businesses. (Mike Cole, CFO) Q: Are there any material changes to your capital expenditure strategy in the near or long term? A: We remain committed to deploying capital for growth, with a focus on expanding existing facilities, greenfield growth, and efficiency through automation. The commitment to 250 to 300 million annually remains strong, with potential pivots to M&A if opportunities arise. (Mike Cole, CFO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Associated Press
13-02-2025
- Business
- Associated Press
DocGo to Announce Fourth Quarter and Full Year 2024 Results on Thursday, February 27, 2025
DocGo Inc. (Nasdaq: DCGO) ('DocGo' or the 'Company'), a leading provider of technology-enabled mobile health services, announced today that the Company will release its financial results for the fourth quarter and full year ended December 31, 2024 after the markets close on Thursday, February 27, 2025. Management will also host a conference call to discuss these results at 5:00 p.m. ET on that day. Conference call and webcast details: Thursday, February 27, 2025 5:00 p.m. ET 1-800-717-1738 (U.S.) 1-646-307-1865 (international) Conference ID: 41220 To access the Call me™ feature, which avoids the need to wait for an operator, click here. A webcast of the conference call can be accessed under Events on the Investors section of the Company's website at About DocGo DocGo is leading the proactive healthcare revolution with an innovative care delivery platform that includes mobile health services, remote patient monitoring and medical transport solutions. DocGo is helping to reshape the traditional four-wall healthcare system by providing high quality, highly accessible care to patients where and when they need it. DocGo's proprietary technology and relationships with a dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit To get an inside look on how the proactive healthcare revolution is helping transform healthcare by reducing costs, increasing efficiency and improving outcomes, visit Mike Cole DocGo 949-444-1341 SOURCE: DocGo Inc. Copyright Business Wire 2025. PUB: 02/13/2025 07:35 AM/DISC: 02/13/2025 07:36 AM
