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UFP Industries, Inc. (UFPI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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123.01+1.22 (+1.00%)
At close: 04:00PM EDT
114.12 -8.89 (-7.22%)
After hours: 05:58PM EDT

UFP Industries, Inc.

2801 East Beltline, N.E.
Grand Rapids, MI 49525
United States
616-364-6161
https://www.ufpi.com

Sector(s)Basic Materials
IndustryLumber & Wood Production
Full Time Employees15,800

Key Executives

NameTitlePayExercisedYear Born
Mr. Matthew Jon Missad CPACEO & Chairman2.66MN/A1961
Mr. Michael Richard Cole CMA, CPACFO & Treasurer1.45MN/A1967
Mr. Patrick M. BentonPresident of UFP Construction LLC1.23MN/A1970
Mr. Scott A. WorthingtonPresident of UFP Packaging LLC1.23MN/A1971
Mr. William D. Schwartz Jr.President of UFP Retail Solutions, LLC1.12MN/A1978
Mr. Scott T. BravataVice President of Accounting & AdministrationN/AN/A1965
Dick GauthierVice President of Communications & Investor RelationsN/AN/AN/A
Mr. David A. TutasChief Compliance Officer, General Counsel & SecretaryN/AN/A1970
Mr. Donald L. JamesExecutive Vice President of National SalesN/AN/A1960
Mr. Allen T. PetersCOO of UFP Retail Solutions LLC & Executive VP of Innovation969.48kN/A1968
Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

UFP Industries, Inc., through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products. This segment also offers wood plastic composites, composite decking, and related decking accessories, including non- aluminum railing systems, balusters, post caps, and other products, as well as pre-painted and primed shiplap and project boards. The Packaging segment provides custom and structural packaging products, pallets, corrugate, foam, labels, strapping, and films. The construction segment offers roof trusses, cut-to-size dimensional and board lumber, plywoods, and oriented strand boards; engineered wood components, including roof and floor trusses, wall panels, I-joists, and lumber packages; and alternate materials components, such as metal trusses, sheathed and pre-finished light gauge metal wall panels, aluminum decks, and rail accessories, as well as distributes siding, electrical, and plumbing products. This segment also engages in the manufacture of components; design, manufacture, and supply of wood forms and related products to set or form concrete for structures, such as parking garages, stadiums, and other infrastructure projects. It also offers interior fixtures, millwork, and casework for retail and commercial structures. The company was formerly known as Universal Forest Products, Inc. and changed its name to UFP Industries, Inc. in April 2020. UFP Industries, Inc. was incorporated in 1955 and is headquartered in Grand Rapids, Michigan.

Corporate Governance

UFP Industries, Inc.’s ISS Governance QualityScore as of March 1, 2024 is 4. The pillar scores are Audit: 8; Board: 7; Shareholder Rights: 3; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.