Ufp Industries Inc (NASDAQ: UFPI)

UFP Industries, Inc. designs manufactures and supplies products made from wood wood and nonwood composites and other materials to three segments: retail packaging and construction. The company is headquartered in Grand Rapids Michigan and operates subsidiaries across the United States Mexico Canada Spain India and Australia. From 2011 to 2019 the company’s revenue increased from $1.8 billion to $4.4 billion reflecting steady expansion of its product lines and customer relationships. UFP Industries, Inc. leverages a market centered reporting structure that assigns each location to a business unit which rolls up into the Retail Solutions Packaging or Construction segments. As of December 2025 the company employed approximately 13,800 people worldwide.

Revenue comes from selling pressure treated lumber composite decking siding trim pallets protective packaging engineered wood components concrete forms and interior fixtures to retailers distributors builders and industrial customers. The company also generates income from transportation real estate and purchasing activities that support its operating segments. In 2025 UFP Industries, Inc. purchased approximately $1.7 billion of lumber $545 million of plywood and $464 million of other panel products. These raw material purchases enable the production of its core product lines across all three segments. Net sales are derived primarily from product sales with a smaller portion coming from service and logistics activities.

The company operates through the following segments: Retail Solutions Packaging and Construction.

• Retail Solutions manufactures and sells pressure treated lumber decking fencing lattice lawn and garden products wood plastic composite and Surestone mineral based composite decking exterior siding trim and fascia products to big box retailers independent distributors and distribution centers. The segment also provides decorative and functional lawn and garden items such as wood and vinyl fencing lattice garden beds planters pergolas picnic tables and landscaping accessories.

• Packaging designs manufactures and sells custom wood and metal pallets protective packaging products such as corrugate foam labels strapping and films to building materials durable goods agricultural moving and storage heavy equipment and automotive customers. The segment also offers structural packaging with mixed materials design and engineering expertise and operates recycling operations for used pallets.

• Construction designs manufactures and supplies roof trusses wall panels I joists lumber packages engineered wood components concrete forms interior fixtures and specialized products for factory built housing site built construction commercial construction and concrete forming applications. The segment also provides framing services electrical plumbing and specialty products to manufactured housing recreational vehicle and cargo trailer producers.

UFP Industries, Inc. is one of the largest converters of solid sawn softwood lumber in North America purchasing about 6.4 percent of the 56,000,000,000 board feet produced annually. The company holds an estimated 35 percent share of the roof truss market for factory built housing and a 12 percent share of the engineered wood component market for site built construction. In the retail sector UFP Industries, Inc. supplies roughly 28 percent of residential treated wood 17 percent of wood fencing and 7 percent of fire retardant wood products in the United States. Its packaging operations control an estimated 10 to 12 percent of the domestic structural packaging market and 8 to 10 percent of new machine built pallets nationally. The company is regarded as one of the top five global providers of custom interior environments and the largest diversified custom solutions company. Competitive advantages stem from vertical integration scale automation geographic proximity to customers product innovation purchasing expertise and a strong entrepreneurial sales culture.

UFP Industries, Inc. serves big box retailers such as Home Depot and Lowe's independent distributors distribution centers and building materials dealers. Its packaging customers span the building materials durable goods agricultural moving and storage heavy equipment and automotive sectors. Construction customers include producers of mobile modular and prefabricated homes recreational vehicles cargo trailers builders contractors and general contractors. The company also supplies interior fixture solutions to healthcare hospitality quick service restaurants retail and financial institutions. In fiscal 2025 the Home Depot and Lowe's represented about 17 percent and 11 percent of total net sales respectively.