UFP Industries reported second-quarter 2026 results with net sales of $1.8829 billion and diluted earnings per share of $1.48. Adjusted EBITDA for the quarter was $154.5 million (8.2% of net sales) and net earnings attributable to controlling interests were $82.9 million. The company cited elevated transportation costs and a softer residential construction market alongside gains in certain units and recent acquisitions.

Financial Highlights

  • Net sales: $1,882,937 (quarter)
  • Gross profit: $290,235; gross margin: 15.4% (quarter)
  • Earnings from operations: $103,416 (quarter)
  • Net earnings attributable to controlling interest: $82,872 (quarter); diluted EPS: $1.48
  • Adjusted EBITDA: $154,480 (quarter) — 8.2% of net sales; Year-to-date adjusted EBITDA: $265,836

Business Highlights

  • Net sales rose ~3% year-over-year in the quarter driven by a 1% increase in organic units and 2% from acquisitions.
  • Freight costs increased materially: transportation expense rose by ~1.6 percentage points of net sales (approximately $27 million), with spot rates up over 30% during the quarter.
  • Retail: Deckorators’ Surestone decking sales grew 37% year-over-year and backlog for Surestone ordered but unshipped decking is approximately $30 million; Deckorators volumes and the MoistureShield acquisition supported decking growth.
  • Packaging: Protective Packaging benefited from a fully operational Jeffersonville, Indiana facility; Structural Packaging and Protective Packaging reported organic unit growth while PalletOne faced weaker demand partially offset by acquisitions.
  • Construction: Commercial and Concrete Forming Solutions showed revenue growth and market-share gains, while Site Built and Factory Built experienced softer organic demand amid weaker housing starts; the company completed three acquisitions during the quarter to expand capacity and geographic reach.

Original SEC Filing:

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