UFP Industries reports Q2 GAAP EPS of $1.48, exceeding expectations by $0.08, with revenue up 2.2% year-over-year.
UFP Industries posted Q2 GAAP earnings per share of $1.48, surpassing estimates by $0.08. Revenue reached $1.88 billion, an increase of 2.2% year-over-year and $80 million above projections.
Adjusted EBITDA for the quarter was $154.5 million, or 8.2% of net sales, compared to $174.1 million, or 9.5% of net sales, in the prior-year period. The company attributed the revenue growth to strong demand across key segments.
Shares showed muted reaction in after-hours trading as investors digested the results.