UFP Industries GAAP EPS of $2.10 beats by $0.27, revenue of $1.91B beats by $10M

Fiscal 2022 Highlights (comparisons on a year-over-year basis):

Net sales of $9.63 billion increased 11 percent due a 3 percent increase from acquisitions, a 9 percent increase in prices, and a 1 percent decline in organic unit sales.

New product sales were $736 million, up 53 percent.

Earnings from operations of $950 million increased 29 percent. Acquisitions contributed $16.5 million to earnings.

Adjusted EBITDA of $1.1 billion increased 32 percent. Acquisitions contributed $25.5 million to adjusted EBITDA.