I just wanted to kind of stay on the site build section. Okay, now thats helpful. Price-To-Earnings vs Peers: UFPI is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (26x). Our second quarter gross profits increased by $82 million or 20% and significantly outpaced a 3% increase in unit sales as our profit per unit improved. The rapid decline in the market, while similar in scope to 2021 did not impact Sunbelt as badly as a year ago. Specifically, our board just approved another quarterly dividend of $0.25 a share representing a year-over-year increase of 67% reflecting confidence in our future business network. 2022 UFP Technologies, Inc. At the same time some of you are telling us dont look back, just tell us about the future? And third party trucking availability is improving but potential rate decreases are being offset by higher fuel prices. Order files and backlogs of business remain elevated in our commercial, concrete forming and factory built business units. And I mean, it kind of rolls into my next question. We still want to make sure were hitting our ROI targets when we look at transactions. How does UFPI's PE Ratio compare to its peers? This concludes todays conference call. You may recall that last year lumber prices rose to over $1,500 by the end of May, dropped to approximately $1,100 by the end of June and continue to fall to under $400 by the end of August. You probably are closer to the New York situation than I am. Dilution of Shares: Shareholders have not been meaningfully diluted in the past year. Thank you, Mike. Effective allocation of capital is a cornerstone. How experienced are the management team and are they aligned to shareholders interests? Where there are still remained some supply issues domestically with highly custom products the supply chain for imports from Asia has improved from earlier this year. RV has seen a significant slowdown although it is not a large percentage of our factory built business. UFPI is trading below fair value by more than 20%. But thats quite a ways down the path. Yes. Our SG&A expenses excluding bonus expense increased by 30 million, including nearly 4 million from recently acquired businesses. We have a 67-year history of earning great returns for shareholders. Our return on capital to shareholders takes three forms; share repurchases, cash dividends and increase in share value. And then when you talked about the geographic dispersion, and thinking about the areas where you guys have your presence, I mean, typically the south region as the census defines is like 60% to 65% of starts. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement. Type a symbol or company name. Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. And Ketan I guess, maybe adding on to that the lower of cost of market rate down that we did this year, which was $9 million that basically got our inventories were cost obviously was above market. What is UFPI's PE Ratio compared to its Fair PE Ratio? Our Haven line of lawn and garden products is gaining momentum too and will be followed by several other new products as we expand our tool free offering. We prioritize capital on growth, creating long term value and providing a solid return to our shareholders. July 12, 2022 08:00 ET
Yes.
So I think my view would be going forward from the end of Q2 is probably the more appropriate way to look at it going forward. Francine Lacqua and Tom Mackenzie live from London bring you an action-packed hour of news no investor in Europe can afford to miss. And we continue to see buyers moving away from traditional higher end wood products, primarily cedar and redwood and making the jump into our mineral based composites. Congrats on the strong results and good luck going forward. And as you speak with your home center partners are you hearing any caution in terms of them perhaps taking a harder look at inventory levels and looking to get more conservative? Corporate Headquarters: 100 Hale Street Newburyport, MA 01950 USA We are operating the wood plastic composite operations at approximately 70% to 75% of capacity, which in total still is above the 2019 levels. A couple of, I think more clarification questions on retail than anything else. I would say the multifamily definitely does move it out. Like I mentioned in my comments, working capital is up since year end $385 million and will very competent, thatll turn into cash and the back half year. Our long term target is to consistently exceed an adjusted EBITDA margin of 10% and our recent performance provides a blueprint, which proves our target is achievable. So and again, Im not trying to put too fine line on this. UFP Industries is an interesting construction-oriented business that has done incredibly well to grow in recent years. Earnings vs Market: UFPI's earnings are forecast to decline over the next 3 years (-7.6% per year). Acquisitions contributed $2.5 million to the increase in our operating profits. What should this story mean to our investors and potential investors including all of our teammates who are shareholders that even if a temporary market downturn occurs, UFP is an excellent value? Long Term Liabilities: UFPI's short term assets ($2.5B) exceed its long term liabilities ($552.6M). Compensation vs Market: Matt's total compensation ($USD9.76M) is above average for companies of similar size in the US market ($USD6.87M). UFPI's earnings have grown significantly by 35.9% per year over the past 5 years. CEO Matt Missad and CFO Mike Cole will host a conference call later the same day, at 4:30 p.m. Organic unit growth was driven by a 63% increase in commercial, a 35% increase in concrete forming and 16% in factory built housing.
UFP Industries (NASDAQ:UFPI) is scheduled to announce Q2 earnings results on Thursday, July 21st, after market close. Hi guys, thank you very much for taking the question. High ROE: UFPI's Return on Equity (28.9%) is considered high. Notable Dividend: UFPI's dividend (1.06%) isnt notable compared to the bottom 25% of dividend payers in the US market (1.55%). Good evening guys. Earnings Coverage: With its low payout ratio (7%), UFPI's dividend payments are thoroughly covered by earnings. Anyway you could expand on the demand within the healthy regions mid Atlantic, Texas, Colorado? Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Got you. And so just very different dynamics and we feel that positions us really well to show gross profit improvement and retail in Q3 a pretty strong one. UFP Industries, Inc. GRAND RAPIDS, Mich., July 12, 2022 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) will release its financial results for the second fiscal quarter on Thursday, July 21, 2022, after market close, at approximately 4:05 p.m. Debt Level: UFPI's net debt to equity ratio (16.9%) is considered satisfactory. So they have a long ways to go. And good afternoon Matt and Mike. UFPI's dividends per share have been stable in the past 10 years. ET, to discuss the results and provide a business update. So far for the year weve repurchased 1.2 million shares of our stock at an average price of $77. And as both Mike and I called out the Northeast is probably the area where its weaker. UFP Industries, Inc.'s employee growth, exchange listings and data sources. *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Priority continues to be given to projects that enhance the working environments of our plants, take advantage of automation opportunities and drive strategies that have long term growth potential of new and value added products. This year weve seen more steady order flow and register sales of our customers and are optimistic our unit sales comparisons next quarter will be more favorable. Yes, Ill let Mike do that. Or is there any variance within those three? But certainly, theres a lot of tail wind effect in Q2. | Source: Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement. This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors. Typical applications include military uniform and gear components, automotive interior trim, athletic padding, environmentally friendly protective packaging, air filtration, abrasive nail files, and protective cases and inserts. Is it railing products? Hosting the call today are CEO, Matt Missad and CFO, Mike Cole. We have had to increase prices in this market to reflect the higher input costs and theyve been working with our customers to better communicate our value proposition to the consumers. Switching gears to the Cedar Poly recycler. And there are some other things that may be impacting that percentage you are referring to. Do Not Sell My Personal Information (CA Residents Only). Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility After last week's 17% share price decline to US$65.54, the stock trades at a forward P/E ratio of 7x. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Simply Wall St's valuation model estimates the intrinsic value at US$123 per share. Is that a industry or subset of that industry that is starting to grow? Got it. Nasdaq provides visual representation of analyst expected earnings growth. In the international group, our operations in Australia and India are improving nicely coming out of the pandemic. Short Term Liabilities: UFPI's short term assets ($2.5B) exceed its short term liabilities ($903.2M). I want to say hi to Mark and Hank and Chris and hope youre enjoying the call today. Commercial construction has worked very hard to improve and they are heading on a good path towards our overall return targets. With our business model and our geographic locations, which tend to be in areas where long term growth is expected, this level of activity will still result in very good performance in our site-build business. Or do you think weve seen that largely play out? In outdoor essentials, the customer inventories have normalized seasonally after being higher than needed in most of Q2 due to customers concerns of freight and supply chain issues. This conference call is available simultaneously in its entirety to all interested investors and news media through our webcast at ufpi.com. So from our standpoint this should be a more normalized market scenario and again, youve been around the industry long enough to know the jumps in lumber pricing and the fluctuations being so wide and so quick over the last couple of years, have made it tough to kind of figure what normal is but I think were kind of getting there. UFP Technologies, Inc. (Nasdaq: UFPT) is an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market. Price-To-Earnings vs Fair Ratio: UFPI is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (13x). UFP Technologies, however, is diversified in also providing highly engineered products and components to customers in the aerospace, defense, automotive, consumer, electronics, and industrial markets. Our agriculture business is also gaining share as the cost of alternative petroleum based products increases. And I guess what Im getting at and I think it was a retail comment, but Im curious if you guys, what your thoughts are on how much of like ProWood, for instance, I think volume has been down on very difficult comparisons for the last few quarters. Regardless of the hurdles we face over the next few years, we will face them head on and keep our focus on protecting and enhancing long term shareholder value. I want to thank them all for this spectacular performance and congratulate them on their achievement. And I think thats one of the things our innovation group is working on. UFPI's earnings growth over the past year (100.2%) exceeds its 5-year average (35.9% per year). Read our earnings report guide before you consider the forecast information when making investment decisions. The consensus EPS Estimate is $2.39 (-14.0% Y/Y) and the consensus Revenue Estimate is $2.37B (-12.2% Y/Y). And so the retailers are seeing that.
So I think my view would be going forward from the end of Q2 is probably the more appropriate way to look at it going forward. Francine Lacqua and Tom Mackenzie live from London bring you an action-packed hour of news no investor in Europe can afford to miss. And we continue to see buyers moving away from traditional higher end wood products, primarily cedar and redwood and making the jump into our mineral based composites. Congrats on the strong results and good luck going forward. And as you speak with your home center partners are you hearing any caution in terms of them perhaps taking a harder look at inventory levels and looking to get more conservative? Corporate Headquarters: 100 Hale Street Newburyport, MA 01950 USA We are operating the wood plastic composite operations at approximately 70% to 75% of capacity, which in total still is above the 2019 levels. A couple of, I think more clarification questions on retail than anything else. I would say the multifamily definitely does move it out. Like I mentioned in my comments, working capital is up since year end $385 million and will very competent, thatll turn into cash and the back half year. Our long term target is to consistently exceed an adjusted EBITDA margin of 10% and our recent performance provides a blueprint, which proves our target is achievable. So and again, Im not trying to put too fine line on this. UFP Industries is an interesting construction-oriented business that has done incredibly well to grow in recent years. Earnings vs Market: UFPI's earnings are forecast to decline over the next 3 years (-7.6% per year). Acquisitions contributed $2.5 million to the increase in our operating profits. What should this story mean to our investors and potential investors including all of our teammates who are shareholders that even if a temporary market downturn occurs, UFP is an excellent value? Long Term Liabilities: UFPI's short term assets ($2.5B) exceed its long term liabilities ($552.6M). Compensation vs Market: Matt's total compensation ($USD9.76M) is above average for companies of similar size in the US market ($USD6.87M). UFPI's earnings have grown significantly by 35.9% per year over the past 5 years. CEO Matt Missad and CFO Mike Cole will host a conference call later the same day, at 4:30 p.m. Organic unit growth was driven by a 63% increase in commercial, a 35% increase in concrete forming and 16% in factory built housing.
UFP Industries (NASDAQ:UFPI) is scheduled to announce Q2 earnings results on Thursday, July 21st, after market close. Hi guys, thank you very much for taking the question. High ROE: UFPI's Return on Equity (28.9%) is considered high. Notable Dividend: UFPI's dividend (1.06%) isnt notable compared to the bottom 25% of dividend payers in the US market (1.55%). Good evening guys. Earnings Coverage: With its low payout ratio (7%), UFPI's dividend payments are thoroughly covered by earnings. Anyway you could expand on the demand within the healthy regions mid Atlantic, Texas, Colorado? Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Got you. And so just very different dynamics and we feel that positions us really well to show gross profit improvement and retail in Q3 a pretty strong one. UFP Industries, Inc. GRAND RAPIDS, Mich., July 12, 2022 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) will release its financial results for the second fiscal quarter on Thursday, July 21, 2022, after market close, at approximately 4:05 p.m. Debt Level: UFPI's net debt to equity ratio (16.9%) is considered satisfactory. So they have a long ways to go. And good afternoon Matt and Mike. UFPI's dividends per share have been stable in the past 10 years. ET, to discuss the results and provide a business update. So far for the year weve repurchased 1.2 million shares of our stock at an average price of $77. And as both Mike and I called out the Northeast is probably the area where its weaker. UFP Industries, Inc.'s employee growth, exchange listings and data sources. *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Priority continues to be given to projects that enhance the working environments of our plants, take advantage of automation opportunities and drive strategies that have long term growth potential of new and value added products. This year weve seen more steady order flow and register sales of our customers and are optimistic our unit sales comparisons next quarter will be more favorable. Yes, Ill let Mike do that. Or is there any variance within those three? But certainly, theres a lot of tail wind effect in Q2. | Source: Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement. This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors. Typical applications include military uniform and gear components, automotive interior trim, athletic padding, environmentally friendly protective packaging, air filtration, abrasive nail files, and protective cases and inserts. Is it railing products? Hosting the call today are CEO, Matt Missad and CFO, Mike Cole. We have had to increase prices in this market to reflect the higher input costs and theyve been working with our customers to better communicate our value proposition to the consumers. Switching gears to the Cedar Poly recycler. And there are some other things that may be impacting that percentage you are referring to. Do Not Sell My Personal Information (CA Residents Only). Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility After last week's 17% share price decline to US$65.54, the stock trades at a forward P/E ratio of 7x. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Simply Wall St's valuation model estimates the intrinsic value at US$123 per share. Is that a industry or subset of that industry that is starting to grow? Got it. Nasdaq provides visual representation of analyst expected earnings growth. In the international group, our operations in Australia and India are improving nicely coming out of the pandemic. Short Term Liabilities: UFPI's short term assets ($2.5B) exceed its short term liabilities ($903.2M). I want to say hi to Mark and Hank and Chris and hope youre enjoying the call today. Commercial construction has worked very hard to improve and they are heading on a good path towards our overall return targets. With our business model and our geographic locations, which tend to be in areas where long term growth is expected, this level of activity will still result in very good performance in our site-build business. Or do you think weve seen that largely play out? In outdoor essentials, the customer inventories have normalized seasonally after being higher than needed in most of Q2 due to customers concerns of freight and supply chain issues. This conference call is available simultaneously in its entirety to all interested investors and news media through our webcast at ufpi.com. So from our standpoint this should be a more normalized market scenario and again, youve been around the industry long enough to know the jumps in lumber pricing and the fluctuations being so wide and so quick over the last couple of years, have made it tough to kind of figure what normal is but I think were kind of getting there. UFP Technologies, Inc. (Nasdaq: UFPT) is an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market. Price-To-Earnings vs Fair Ratio: UFPI is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (13x). UFP Technologies, however, is diversified in also providing highly engineered products and components to customers in the aerospace, defense, automotive, consumer, electronics, and industrial markets. Our agriculture business is also gaining share as the cost of alternative petroleum based products increases. And I guess what Im getting at and I think it was a retail comment, but Im curious if you guys, what your thoughts are on how much of like ProWood, for instance, I think volume has been down on very difficult comparisons for the last few quarters. Regardless of the hurdles we face over the next few years, we will face them head on and keep our focus on protecting and enhancing long term shareholder value. I want to thank them all for this spectacular performance and congratulate them on their achievement. And I think thats one of the things our innovation group is working on. UFPI's earnings growth over the past year (100.2%) exceeds its 5-year average (35.9% per year). Read our earnings report guide before you consider the forecast information when making investment decisions. The consensus EPS Estimate is $2.39 (-14.0% Y/Y) and the consensus Revenue Estimate is $2.37B (-12.2% Y/Y). And so the retailers are seeing that.