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![UFP INDUSTRIES INC [UFPI] reports annual net loss of $514.5 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FUFPI.png&w=1200&q=75)
UFP INDUSTRIES INC [UFPI] has reported a net loss of $514.5 million for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $7.2 billion
Based in GRAND RAPIDS, Michigan, UFP INDUSTRIES INC operates in the MANUFACTURING sector.
In the Consolidated Statements of Earnings and Comprehensive Income for the 12 Months Ended Dec. 30, 2023, a comparison was made with the previous years of Dec. 31, 2022, and Dec. 25, 2021.
Net Sales for the current period were reported at $7.22 billion, a decrease from $9.63 billion in the same period last year and $8.64 billion in the year before that.
Cost of Goods Sold amounted to $5.80 billion in the current period, down from $7.84 billion in the previous year and $7.23 billion in the year prior.
The Gross Profit for the current period was $1.42 billion, a decrease from $1.79 billion in the same period last year and an increase from $1.41 billion in the year before that.
Earnings from Operations totaled $646.53 million in the current period, showing a decline from $950.18 million in the previous year and an increase from $737.55 million in the year prior.
Net Income for the current period stood at $514.46 million, down from $704.96 million in the same period last year and up from $552.36 million in the year before that.
The Earnings Per Share (EPS) - Basic for the current period was $8.21, a decrease from $11.05 in the same period last year and an increase from $8.61 in the year before that.
Furthermore, the Earnings Per Share (EPS) - Diluted for the current period was $8.07, down from $10.97 in the previous year and up from $8.59 in the year prior.
Overall, the Comprehensive Income attributable to controlling interest was $524.49 million for the current period, a decrease from $688.98 million in the previous year and an increase from $532.03 million in the year before that.