UFP Industries posts 11% Q3 sales growth as freight and lumber costs squeeze margins

UFP Industries reported third-quarter 2026 net sales of USD 1.73bn, up 11.1% from about USD 1.56bn a year earlier, but net earnings attributable to controlling interests fell to about USD 58m from USD 75m. The wood products and packaging group blamed higher freight and lumber-related costs for the margin decline; the figures exclude its pending acquisition of Apache Products, expected to close around mid-November.

Why this mattersRising freight and material costs are compressing margins for wood-based packaging and pallet suppliers even as volumes and pricing hold up.

• Q3 2026 net sales USD 1.73bn, up 11.1% from about USD 1.56bn a year earlier
• Net earnings attributable to controlling interests fell to about USD 58m from USD 75m
• Diluted EPS decreased to USD 1.05 from USD 1.29
• Sales growth split: about 4 points organic units, 2 points acquisitions, 5 points pricing
• Adjusted EBITDA about USD 119.3m, with margin narrowing to about 6.9% from 9.0%

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