UFP Industries (UFPI) Q2 Earnings & Net Sales Beat, Down Y/Y

Adjusted EBITDA margin fell 420 bps from the prior year to 9.9%. The company remains focused on its long-term expansion plans and improvement strategies amid a weaker environment and near-term softness in demand. These efforts are investments in automation and consolidating operations to eliminate redundancies, as well as reduce costs and enhance the profitability of its facilities. UFP Industries reported earnings per share (EPS) of $2.05, which topped the consensus mark of$2.00 by 2.5% but declined 13.1% ...