UFP Industries (Nasdaq: UFPI) announced today that the company has, for the third time, secured a position on the esteemed FORTUNE 500 list, ranking at 403 among the largest U.S. companies based on revenue.
UFP Industries finished 2022 with record revenue of $9.63 billion, an 11 percent increase over 2021, and record EPS of $10.97, reflecting a 28 percent increase.
We're grateful to our customers, who have helped us achieve this level of success, and to our employees for their hard work and focus on innovation,' said Chairman and CEO Matthew J. Missad. 'Our proven strategies have allowed us to grow, even when faced with economic uncertainties, and while revenue is just one measure of our success, we are proud that it allowed us to earn a place once again on the FORTUNE 500.
UFP Industries, Inc.
UFP Industries is a holding company whose operating subsidiaries - UFP Packaging, UFP Construction and UFP Retail Solutions - manufacture, distribute, and sell a wide variety of value-added products used in residential and commercial construction, packaging, and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia, and Australia. In addition to being 403 on the Fortune 500 list of the largest U.S. companies, UFP is 149 on Industry Week's list of America's Largest Manufacturers. For more about UFP Industries, go to www.ufpi.com.
UFP Industries, Inc. is a holding company with subsidiaries throughout North America, Europe, Asia, and Australia that designs, manufactures, and supplies products made from wood, composites, and other materials. The Company's segments include Retail, Packaging and Construction. Its Retail Solutions segment is comprised of business units, such as ProWood, Sunbelt, Deckorators and UFP-Edge. Retail Solutions segment is focused on distinct product offerings, which are grouped by brands and business units. Packaging segment is comprised of business units, such as Structural Packaging, PalletOne, and Protective Packaging Solutions. Construction segment is comprised of business units, such as Factory-Built Housing, Site-Built Construction, Commercial Construction, and Concrete Forming. Its ProWood business units manufactures and sells treated lumber products, including decking, fencing, and lattice, as well as decorative and functional lawn and garden products to building products retailers.