- UFP Industries press release ( NASDAQ: UFPI ): Q2 GAAP EPS of $3.23 beats by $0.84 .
- Revenue of $2.9B (+7.4% Y/Y) beats by $530M .
- New product sales of $181 million increased 37 percent, which excludes new products that were sunset at the end of 2021. New product sales leaders include Deckorators mineral-based composite decking and Strip Pak mixed-material packaging solutions.
- Adjusted EBITDA of $318.5 million increased 22 percent, and adjusted EBITDA margin improved by 130 basis points to 11 percent. Acquisitions during 2022 contributed $3.5 million to adjusted EBITDA.
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UFP Industries GAAP EPS of $3.23 beats by $0.84, revenue of $2.9B beats by $530M