EPS Beats Expectations, Revenues Lag

UFP Industries (NASDAQ:UFPI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.64b (down 10% from 1Q 2023).

• Net income: US$120.8m (flat on 1Q 2023).

• Profit margin: 7.4% (up from 6.6% in 1Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$1.96.

All figures shown in the chart above are for the trailing 12 month (TTM) period

UFP Industries EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company’s shares are up 2.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example – UFP Industries has 1 warning sign we think you should be aware of.

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