UFP Has Strong Third Quarter Sales

UFP Industries’ third-quarter sales jumped 28 per cent to a company record $1.49 billion as compared to third quarter 2019 sales of $1.16 billion. It attributes the increase to a 20 per cent increase in pricing and an eight per cent increase in units sold. Retail sales soared 76 per cent over the previous third quarter to $700.5 million. Unit sales increased 34 per cent, with higher selling prices increasing sales by 42 per cent. This includes sales from Deckorators decking, Dimensions Home and Decor, ProWood, and Outdoor Essentials Fence, Lawn, and Garden. Unit sales in the retail segment’s ecommerce unit, which include sales through large online retailers, grew 94 per cent.