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UFP Industries (UFPI) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 6, 2026

UFP Industries (UFPI) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), -8% from a year earlier and +10% from the quarter before. Operating margin was 4.4%, net earnings $51.1M (3.5% of revenue).

Revenue$1.5B
Year over year-8%
Quarter over quarter+10%
Operating margin4.4%
Net earnings$51.1M

UFP Industries, Q1 2026: revenue $1.5B (-8% year over year), operating margin 4.4%, net earnings $51.1M, operating cash flow −$104M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$1.5B+10%-8%
Gross profit$236M+9%-12%
Operating profit$64.1M+8%-31%
Net earnings$51.1M+27%-36%
Operating cash flow−$104M-171%—

What changed

Revenue was $1.5B in Q1 2026, down 8% year over year and up 10% from the previous quarter.

Gross margin was 16.1%, down 0.7 points from Q1 2025. Operating profit was $0.06B, a 4.4% margin (down 1.4 points year over year). Operating expenses fell 2% while revenue fell 8%. Net earnings were $0.05B, down 36% year over year. The effective tax rate was 23.7%.

Operating cash flow was −$0.10B. Non-cash charges added back $0.04B of depreciation and amortization. Working capital and other items used $0.20B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.15B.

Questions

What was UFP Industries' revenue in the first quarter 2026?

UFP Industries (UFPI) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), -8% from a year earlier and +10% from the quarter before.

Was UFP Industries profitable in the first quarter 2026?

Operating profit was $64.1M (4.4% of revenue) and net earnings $51.1M.

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Source: UFP Industries 10-Q on SEC EDGAR.