Oct. 24, 2022
Retail Segment Drives UFP Sales
UFP Industries, Inc. had net sales of $2.3 billion for the third quarter of 2022, an 11 per cent increase over net sales of $2.1 billion in the third quarter of 2021. Net earnings for the quarter were $172 million compared to net earnings of $126 million in the year-ago period. Earnings from operations of $237 million increased 41 per cent year over year. Sales for the retail solutions segment were up 21 per cent year over year; sales for the industrial segment were up two per cent; and sales for the construction segment were up eight per cent.