UFP Industries Q1 sales fall 8% on weak housing demand; $3M fuel cost hit from Mideast conflict

Filed May 6, 2026 · Period ending March 28, 2026 · Compared to 10-Q May 7, 2025 · ~2 min read

Key Changes

• high

  Net sales fell 8% in Q1 2026 (vs. -3% prior year) as unit volumes dropped 7% across all segments. Operating profit declined 31% to $62M. Management now expects market demand down low single digits for remainder of 2026, worse than prior 'slightly down' outlook.

  MD&A: Results of Operations verify on EDGAR →
• high

  Middle East conflicts drove $3M in incremental fuel and transportation costs in Q1, with costs continuing to rise in April. Company is attempting to pass costs to customers but faces constraints from contract terms and market conditions that may prevent full recovery.

  MD&A: Geopolitical Risks verify on EDGAR →
• high

  Cost-reduction program on track to deliver remaining $25M+ in savings by year-end 2026 (implying $35M+ already realized, ahead of $40M target for end of 2025). Total program target of $60M improvement unchanged.

  MD&A: Cost Reduction Program verify on EDGAR →