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Zacks: UFP Industries' Q2 adjusted EPS beat Zacks Consensus Estimate; net sales of US$2.9B also beat estimate, up 7% year-over-year and attributable to increase in organic unit sales, unit sales from buyouts and lumber prices

UFP Industries reports Q2 net earnings of US$207.9M on sales up 7% year-over-year to record US$2.9B, aided by 4% increase in lumber prices; earnings from operations were up 21% to US$286M, acquisitions contributed US$2.5M to earnings

Forbes ranks UFP Industries 10th on its 2022 list of America’s Best Mid-Sized Companies; Forbes screened more than 1,000 companies with a market value between US$2B and US$10B

UFP Industries acquires 50% of Dempsey Wood Products, which produces kiln-dried and pallet lumber, other industrial wood products from its Orangeburg, South Carolina, site; in 2021, five of Dempsey’s 10 largest customers were UFP affiliates

Zacks upgrades UFP Industries to strong buy on trend in earnings estimates, as Zacks Consensus Estimate for the company has increased 12.9% over past three months

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