UFP Industries Reports Q3 2026 Revenue Growth Amid Rising Transportation Costs
UFP Industries (UFPI) reported third-quarter 2026 net sales of $1.73 billion, an 11.1% increase driven by organic unit growth and higher selling prices. Despite the revenue boost, adjusted EBITDA fell 14.8% to $119.3 million, primarily due to a significant spike in transportation costs. Spot rates for freight rose 30% during the quarter, creating a headwind that impacted diluted EPS, which dropped to $1.05 from $1.29 in the prior year. The company saw strong performance in its Packaging and Retail segments, with Deckorators seeing 21% unit growth and structural packaging volumes increasing by 14%. However, management noted challenges in the construction sector due to affordability issues in residential building and elevated freight costs that are expected to persist. To offset these pressures, UFP is targeting $60 million in cost savings through capacity consolidations and productivity improvements.
Tickers: $UFPI
Topics: Adjusted EBITDA Diluted EPS Net Sales Segment Performance Transportation Costs
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