UFP Industries (UFPI) Q3 Earnings and Revenues Lag Estimates

Company Performance - UFP Industries reported quarterly earnings of $1.29 per share, missing the Zacks Consensus Estimate of $1.37 per share, and down from $1.64 per share a year ago [1] - The earnings surprise for the quarter was -5.84%, and the company has not surpassed consensus EPS estimates in the last four quarters [2] - Revenues for the quarter were $1.56 billion, missing the Zacks Consensus Estimate by 3.19%, and down from $1.65 billion year-over-year [3] Stock Movement and Outlook - UFP Industries shares have declined approximately 18.4% since the beginning of the year, contrasting with the S&P 500's gain of 17.2% [4] - The company's earnings outlook is mixed, with current consensus EPS estimates of $1.14 on $1.43 billion in revenues for the coming quarter, and $5.51 on $6.47 billion in revenues for the current fiscal year [8] Industry Context - The Building Products - Wood industry, to which UFP Industries belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, indicating potential challenges ahead [9] - JELD-WEN, another company in the same industry, is expected to report a significant decline in earnings and revenues, further highlighting the industry's struggles [10]