Latest news with #UFPI
Yahoo
29-05-2025
- Business
- Yahoo
Spotting Winners: Sherwin-Williams (NYSE:SHW) And Building Materials Stocks In Q1
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Sherwin-Williams (NYSE:SHW) and the rest of the building materials stocks fared in Q1. Traditionally, building materials companies have built competitive advantages with economies of scale, brand recognition, and strong relationships with builders and contractors. More recently, advances to address labor availability and job site productivity have spurred innovation. Additionally, companies in the space that can produce more energy-efficient materials have opportunities to take share. However, these companies are at the whim of construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of building materials companies. The 9 building materials stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 0.6% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 9.3% on average since the latest earnings results. Widely known for its success in the paint industry, Sherwin-Williams (NYSE:SHW) is a manufacturer of paints, coatings, and related products. Sherwin-Williams reported revenues of $5.31 billion, down 1.1% year on year. This print fell short of analysts' expectations by 1.6%. Overall, it was a mixed quarter for the company with a solid beat of analysts' adjusted operating income estimates but a miss of analysts' organic revenue estimates. "In a demand environment that remained choppy as we anticipated, Sherwin-Williams continued to execute our strategy and delivered solid first quarter results driven by gross margin expansion and good cost control," said Chair, President and Chief Executive Officer, Heidi G. Petz. The stock is up 6.7% since reporting and currently trades at $354. Read our full report on Sherwin-Williams here, it's free. The first-ever Colombian company to trade on the NASDAQ, Tecnoglass (NYSE:TGLS) is a manufacturer of architectural glass, windows, and aluminum products. Tecnoglass reported revenues of $222.3 million, up 15.4% year on year, outperforming analysts' expectations by 3.3%. The business had an exceptional quarter with an impressive beat of analysts' adjusted operating income estimates. The market seems happy with the results as the stock is up 22.2% since reporting. It currently trades at $86.44. Is now the time to buy Tecnoglass? Access our full analysis of the earnings results here, it's free. Beginning as a lumber supplier in the 1950s, UFP Industries (NASDAQ:UFPI) is a holding company making building materials for the construction, retail, and industrial sectors. UFP Industries reported revenues of $1.60 billion, down 2.7% year on year, falling short of analysts' expectations by 1.9%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. UFP Industries delivered the slowest revenue growth in the group. As expected, the stock is down 8.4% since the results and currently trades at $97.53. Read our full analysis of UFP Industries's results here. With a significant portion of its products made from recycled materials, AZEK (NYSE:AZEK) designs and manufactures goods for outdoor living spaces. AZEK reported revenues of $452.2 million, up 8.1% year on year. This result surpassed analysts' expectations by 1.9%. Overall, it was a strong quarter as it also put up an impressive beat of analysts' organic revenue and EBITDA estimates. AZEK had the weakest full-year guidance update among its peers. The stock is down 3.3% since reporting and currently trades at $48. Read our full, actionable report on AZEK here, it's free. Started as a two-man shop dating back to the 1860s, Armstrong (NYSE:AWI) provides ceiling and wall products to commercial and residential spaces. Armstrong World reported revenues of $382.7 million, up 17.3% year on year. This number beat analysts' expectations by 3.4%. It was a strong quarter as it also recorded a solid beat of analysts' adjusted operating income estimates. Armstrong World pulled off the biggest analyst estimates beat among its peers. The stock is up 12.2% since reporting and currently trades at $155.49. Read our full, actionable report on Armstrong World here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
28-04-2025
- Business
- Washington Post
UFP Industries: Q1 Earnings Snapshot
GRAND RAPIDS, Mich. — GRAND RAPIDS, Mich. — UFP Industries, Inc. (UFPI) on Monday reported first-quarter earnings of $78.8 million. The Grand Rapids, Michigan-based company said it had net income of $1.30 per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share. The wood and materials provider for the construction industry posted revenue of $1.6 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on UFPI at
Yahoo
01-03-2025
- Business
- Yahoo
UFP Industries Full Year 2024 Earnings: EPS Misses Expectations
Revenue: US$6.65b (down 7.8% from FY 2023). Net income: US$398.5m (down 19% from FY 2023). Profit margin: 6.0% (down from 6.8% in FY 2023). The decrease in margin was driven by lower revenue. EPS: US$6.78 (down from US$8.21 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. The primary driver behind last 12 months revenue was the Retail segment contributing a total revenue of US$2.84b (43% of total revenue). Notably, cost of sales worth US$5.43b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$735.0m (89% of total expenses). Explore how UFPI's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Building industry in the US. Performance of the American Building industry. The company's shares are down 1.4% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with UFP Industries, and understanding this should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
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.
Yahoo
17-02-2025
- Business
- Yahoo
UFP Industries Gears Up for Q4 Earnings: Things to Keep in Mind
UFP Industries, Inc. UFPI is scheduled to release fourth-quarter 2024 results on Feb. 17, after market the last reported quarter, the company's earnings missed the Zacks Consensus Estimate by 9.4%, while net sales missed the same by 7.2%. Furthermore, on a year-over-year basis, earnings and net sales decreased 21.9% and 10%, Industries' earnings topped the consensus mark in two of the trailing four quarters and missed on two occasions, with an average surprise of 2.6%. The Zacks Consensus Estimate for UFP Industries' fourth-quarter 2024 earnings has remained stable at $1.23 per share in the past 60 days. The estimated figure indicates a 24.1% decrease from the year-ago quarter's reported earnings of $1.62 per share. UFP Industries, Inc. price-eps-surprise | UFP Industries, Inc. Quote For net sales, the consensus mark is pegged at $1.44 billion, indicating a 5.5% year-over-year decline. UFP Industries' net sales are anticipated to have declined year over year in the fourth quarter, due to softer demand in retail, industrial and construction markets. Despite recent interest rate cuts by the Federal Reserve, the rise in mortgage rates is likely to have added pressure to consumer spending and reduced housing demand. Also, lumber market volatility and labor constraints are likely to have impacted the company's top line, indicating lower selling the to-be-reported quarter, UFPI expects demand to have declined, with retail demand down by mid-single digits and packaging demand likely to have decreased to mid to high-single digits. Construction demand is expected to have declined to a low-single digit. UFPI also expects lumber prices to have remained lower due to existing supply and demand our model predicts a year-over-year decline in the net sales of Retail solutions (which accounted for 38.5% of net sales in third-quarter 2024) by 5.1%, Packaging (24.4% of net sales) by 8.8% and Construction (32.4% of net sales) by 3.9% to $480 million, $377.3 million and $491.1 million, the company's focus on long-term strategic plan, new product innovation and shareholders' moves are commendable and are likely to have aided its fourth-quarter 2024 performance. Meanwhile, from margins' perspective, higher manufacturing costs, more competitive pricing, variable lumber prices, and higher labor and transportation expenses are expected to have weighed on the company's bottom line. We expect the gross margin to have declined 180 bps to 17.6% year over predict earnings from operations for the Retail, Packaging and Construction segments to have declined 23.5% to $16.4 million, 70.3% to $12.7 million and 8.3% to $52.8 million, respectively, year over year. Our proven model does not conclusively predict an earnings beat for UFP Industries this time around. The company does not have the right combination of the two key ingredients, a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), to increase the odds of an earnings ESP of UFPI: UFP Industries currently has an Earnings ESP of 0.00%. You can uncover the best stocks before they're reported with our Earnings ESP Zacks Rank: The company currently carries a Zacks Rank #2. Here are some companies in the Zacks Construction sector, which according to our model, have the right combination of elements to post an earnings beat for their respective quarters to be Inc. FTDR currently has an Earnings ESP of +60.00% and sports a Zacks Rank of 1. You can see the complete list of today's Zacks #1 Rank stocks earnings for the fourth quarter of 2024 are expected to decline 45%. The company reported better-than-expected earnings in each of the last four quarters, the average surprise being 269%.Trex Company, Inc. TREX has an Earnings ESP of +20.00% and a Zacks Rank of reported better-than-expected earnings in each of the last four quarters, the average surprise being 9%. The company's earnings for the fourth quarter of 2024 are expected to decrease 75%.Watsco, Inc. WSO currently has an Earnings ESP of +0.94% and a Zacks Rank of earnings for the fourth quarter of 2024 are expected to increase 3.4%. The company reported lower-than-expected earnings in each of the last four quarters, the negative average surprise being 10%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UFP Industries, Inc. (UFPI) : Free Stock Analysis Report Watsco, Inc. (WSO) : Free Stock Analysis Report Trex Company, Inc. (TREX) : Free Stock Analysis Report Frontdoor Inc. (FTDR) : Free Stock Analysis Report To read this article on click here. Zacks Investment Research
