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What To Expect From UFP Industries’s (UFPI) Q2 Earnings

UFPI Cover Image

Building materials manufacturer UFP Industries (NASDAQ: UFPI) will be reporting results this Monday after the bell. Here’s what you need to know.

UFP Industries missed analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $1.60 billion, down 2.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

Is UFP Industries a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting UFP Industries’s revenue to decline 1.7% year on year to $1.87 billion, improving from the 6.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.84 per share.

UFP Industries Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. UFP Industries has missed Wall Street’s revenue estimates six times over the last two years.

Looking at UFP Industries’s peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Valmont delivered year-on-year revenue growth of 1%, beating analysts’ expectations by 1.7%, and Sherwin-Williams reported flat revenue, in line with consensus estimates. Valmont traded up 7.9% following the results while Sherwin-Williams’s stock price was unchanged.

Read our full analysis of Valmont’s results here and Sherwin-Williams’s results here.

There has been positive sentiment among investors in the building products segment, with share prices up 6.7% on average over the last month. UFP Industries is up 4.2% during the same time and is heading into earnings with an average analyst price target of $118.40 (compared to the current share price of $104).

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