UFP Industries posted first-quarter 2025 net sales of $1.60 billion, down 2.7% year-over-year, as organic unit sales fell 2%. Protective Packaging organic unit sales rose 13% following capacity expansions, partially offsetting declines of 11% at Deckorators and 5% at Structural Packaging.
Retail Solutions net sales fell 3% to $607 million, with organic unit sales down 4% and gross margin narrowing to 13.3% from 16.1% a year ago. Packaging net sales declined 3% to $410 million. PalletOne organic unit sales fell 1%, Structural Packaging dropped 5%, while Protective Packaging growth supported the segment. Gross margin declined to 17.0% from 20.1%. Construction sales remained flat at $516 million, with Factory Built organic unit sales up 13%, offsetting a 5% decline in Site Built. Construction gross margin declined to 17.6% from 22.1%.
CEO Will Schwartz highlighted sequential monthly improvement through the first quarter and into April, citing the company’s scale, diversification, and ability to manage tariff-related uncertainty. The company reaffirmed its goal to achieve $60 million in structural cost savings by year-end 2026 while planning $300 million to $350 million in capital investments in 2025, focused on automation, technology upgrades, and capacity expansions.
As of March 29, UFP Industries reported $904 million in cash and $2.2 billion in total liquidity, supporting ongoing M&A, organic investments, and share repurchases, with $122 million remaining under its current buyback authorization.
