Core Points - UFP Industries will announce its third quarter 2025 financial results after the market closes on October 29, 2025 [1] - A conference call to discuss the results will be held on October 30, 2025, at 10 a.m. Eastern Time, hosted by the CEO and CFO [1] - A live audio webcast of the call will be available on the UFP Industries Investor Relations website, with a replay accessible for at least 90 days [2] Company Information - UFP Industries is headquartered in Grand Rapids, Michigan, and is listed on NASDAQ under the ticker symbol UFPI [3][7] - The company employs approximately 15,000 people [3][7] - The current CEO of UFP Industries is Will Schwartz [3][7]

Company Announcement - RH will report its financial results for the second quarter ended August 2, 2025, on September 11, 2025, after market close [1] - The financial results will include a shareholder letter from Chairman and CEO Gary Friedman, highlighting the company's continued evolution and recent performance [1] - The shareholder letter and financial results will be available on the company's investor relations website [1] Conference Call Details - RH leadership will host a live conference call and audio webcast on September 11, 2025, at 2:00 pm Pacific Time (5:00 pm Eastern Time) [2] - Access to the live conference call can be made by dialing 800.715.9871 or 646.307.1963 for international callers, with a conference ID of 8284432 [2] - The call and its replay will also be accessible via audio webcast on the investor relations website [2] Company Overview - RH is a curator of design, taste, and style in the luxury lifestyle market, offering collections through retail galleries, sourcebooks, and online platforms [3]

Core Viewpoint - The article discusses the return of goods to the domestic market due to external barriers, highlighting the resilience of the Chinese market and the potential for domestic consumption to absorb products originally intended for overseas markets [1][5]. Group 1: Market Dynamics - Goods that were meant for international markets are now being showcased at domestic exhibitions, with prices significantly reduced, indicating a shift in market strategy [1][3]. - A customer noted the stark price difference for a blender, which was much cheaper at the local exhibition compared to its price in the U.S., reflecting the impact of external market barriers on pricing [3]. Group 2: Strategic Insights - The increase in barriers has forced goods to seek new pathways, emphasizing the need for companies to adapt to changing market conditions [5]. - The vast and resilient domestic market is positioned as a final destination for these returning goods, showcasing its capacity to absorb excess production aimed at international markets [5]. - Companies are encouraged to proactively expand their domestic market strategies, enhancing product quality and brand value to make domestic sales a strategic choice rather than a fallback option [5]. Group 3: Future Considerations - There is a call for companies to explore new markets with fewer barriers, advocating for risk diversification to avoid over-reliance on a single market [7]. - The narrative of goods returning home illustrates themes of adaptability and resilience, as well as the importance of the domestic market in the face of external challenges [7].

Financial Data and Key Metrics Changes - The company reported a 6% increase in net sales for Q4 2024, reaching $215 million compared to $203 million in the same period last year [4][28] - Gross margin expanded by 130 basis points to 37.7% from 36.4% year-over-year [4][30] - Net income for Q4 2024 was $8.9 million or $0.41 per diluted share, up from $2.7 million or $0.13 per diluted share in Q4 2023 [27] Business Line Data and Key Metrics Changes - U.S. segment sales increased by 5.8% to $196 million, driven by online sales growth [28] - E-commerce sales represented 24% of total sales in Q4, with a 10% year-over-year increase in U.S. e-commerce sales [5][8] - International segment sales rose by 7.2% to $19.2 million, with significant growth in e-commerce and UK nationals [29] Market Data and Key Metrics Changes - The company experienced a decline in the mass channel, particularly affecting KitchenAid sales, which impacted overall performance [37] - The international business showed a positive trend with a gross margin increase to 38.5% from 27.2%, driven by customer and product mix improvements [30][11] Company Strategy and Development Direction - The company is focusing on organic growth through the Dolly Parton program, which is expected to generate $4 million in sales in Q1 2025 [10] - Project Concorde was launched to streamline international operations and achieve profitability by 2026 [22][24] - The company is actively pursuing M&A opportunities in new product adjacencies and food services, with a focus on maintaining financial discipline [16] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious consumer sentiment due to macroeconomic uncertainties and inflation, but remains confident in the resilience of the business model [9][25] - The company expects to mitigate tariff impacts through price increases and shifting production out of China [20][21] - Management anticipates a return to growth in 2025, driven by the foodservice business and the Dolly Parton program [50] Other Important Information - The company is relocating its East Coast distribution center to Maryland, which is expected to enhance operational efficiency and reduce costs [17][18] - The effective tax rate for 2024 was reported at 75.5%, influenced by foreign losses and state taxes [33] Q&A Session Summary Question: Can you provide more detail about the mass channel softness? - Management indicated that the mass channel experienced a loss in market share for KitchenAid, which affected overall performance, but they expect to rebound [37] Question: What is the current exposure to China regarding tariffs? - The company is looking to reduce its production in China significantly by the end of 2025, with the majority still produced there currently [39][40] Question: What is the expected operating loss for the international segment? - The EBITDA loss for the international segment was just under $10 million, with expectations to reach breakeven by 2026 [42][43] Question: Can you quantify tariff exposure? - Management stated that 75% of production is currently in China, and they aim to reduce that significantly, focusing on high-volume products [48][49] Question: What brands performed well last year? - Brands like Farberware and Macasa saw growth, while Taylor and FalseCraft faced challenges, with plans to revitalize Taylor's offerings [55][56]