UFPT Stock Recent News

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Industries, Inc. (Nasdaq: UFPI) today announced its Deckorators® brand continues to expand market presence with the acquisition of a 30-acre site in Lackawanna, a suburb of Buffalo, New York. The site will be transformed into a new, state-of-the-art facility that will double production capacity for Deckorators'® industry-leading Surestone® composite-decking product. The $77 million investment includes a 30-acre campus with approximately 240,000 square f.

NEWBURYPORT, Mass., March 17, 2025 (GLOBE NEWSWIRE) -- UFP Technologies, Inc. (Nasdaq: UFPT), an Innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today announced that Chairman and Chief Executive Officer R. Jeffrey Bailly and Chief Financial Officer Ron Lataille will participate in the upcoming KeyBanc Capital Markets Healthcare Forum to be held virtually on March 18, 2025. UFP's presentation is scheduled to begin at 10:30 AM ET.

UFPI expands its market reach in Indiana by opening a new manufacturing facility. Read on to learn more about the new opening.

NEWBURYPORT, Mass., Feb. 25, 2025 (GLOBE NEWSWIRE) -- UFP Technologies, Inc. (Nasdaq: UFPT), a designer and custom manufacturer of engineered solutions primarily for the medical market, today reported 2024 net income of $59.0 million, 31.3% higher than net income of $44.9 million for 2023. Adjusted net income grew 32.5% to $67.6 million. Net sales for 2024 were $504.4 million, 26.1% higher than 2023 sales of $400.1 million. GAAP and adjusted earnings per diluted common share outstanding (EPS) were $7.58 and $8.68 respectively.

NEWBURYPORT, Mass., Feb. 19, 2025 (GLOBE NEWSWIRE) -- UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging and other highly engineered custom products, today announced that the Company plans to report results for the fourth quarter and year-ended December 31, 2024, on Tuesday, February 25th.

UFPI's fourth-quarter 2024 results are hurt by softer demand and broad-based pricing pressures.

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Industries Announces Fourth Quarter and Fiscal 2024 Results.

UFP Industries has seen significant stock growth but recent performance has fallen a bit short of expectations. The company's revenue and profitability have declined due to falling lumber prices and reduced demand, impacting financial performance. Despite a strong net cash position and relative valuation advantages, the stock is no longer as cheap, warranting a cautious approach.

UFPI's fourth-quarter 2024 results are likely to reflect softer demand and lumber market swings.

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Industries (Nasdaq: UFPI) marks 70 years in business on February 9, never failing to turn a profit in each of them. Founded in 1955, its leaders say the keys to success in all these years are its ability to recruit and retain high-achieving employees, its down-to-earth company culture and its unique incentive system that aligns employee interests with shareholders. “Our company's motto is, ‘No mission statement; just people on a mission.'™ Every day, ou.