UFP Industries, Inc. reported a net sales decline of 5% for the fiscal year ending December 27, 2025, totaling $6.32 billion, down from $6.65 billion in 2024. This decrease was attributed to a 2% drop in selling prices and a 3% reduction in unit sales, with the Retail segment experiencing a 7% decline in units sold. Gross profits also fell by 14%, amounting to $1.06 billion, compared to $1.23 billion in the previous year. The company’s operating profits decreased by 26% to $363.9 million, reflecting the impact of reduced gross profits, although this was partially offset by a $44 million reduction in selling, general, and administrative expenses.
In terms of strategic developments, UFP Industries completed two acquisitions in 2025, contributing approximately $24 million in annual historical sales. The company continues to focus on enhancing its product offerings and expanding its market share, particularly in the composite decking sector, where it aims to double its market share over the next five years. The company also invested $269 million in capital expenditures, primarily for expansion and efficiency improvements across its operations.
Operationally, UFP Industries maintained a workforce of approximately 13,800 employees as of December 27, 2025. The company reported a significant customer concentration, with The Home Depot and Lowe's accounting for 17% and 11% of total net sales, respectively. The company’s cash flows from operations were $546 million, a decrease from $643 million in 2024, largely due to changes in working capital. The company’s liquidity position remained strong, with cash and cash equivalents totaling $914 million at year-end.
Looking ahead, UFP Industries anticipates continued challenges in demand due to macroeconomic factors, including inflation and interest rate fluctuations. The company expects market conditions to remain soft in the first half of 2026 but is optimistic about potential market share gains in its composite decking products. UFP Industries aims to achieve cumulative cost reductions of $67 million by the end of 2026 through strategic capacity consolidations and operational efficiencies. The company plans to maintain a balanced approach to capital allocation, focusing on dividends, share repurchases, and strategic acquisitions to support long-term growth.
About UFP INDUSTRIES INC
UFP Industries, Inc. is a diversified holding company that designs, manufactures, and supplies wood, composite, and other building materials across retail, packaging, and construction markets worldwide. Its core segments include retail solutions, industrial packaging, and construction products, serving major customers like Home Depot and Lowe’s. The company emphasizes innovation, operational efficiency, and sustainable practices to deliver value and stable cash flows.
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