UFP Industries Says 5-Year Financial Goals Includes Achieving Compounded Annual Unit Sales Growth Of 7%-10%. Smaller Tuck-In Acquisitions Are Intended To Contribute To This Goal
Portfolio Pulse from Benzinga Newsdesk
UFP Industries (UFPI) outlines its 5-year financial goals, aiming for 7-10% annual sales growth, supported by tuck-in acquisitions. The company seeks a 12.5% adjusted EBITDA margin, an incremental ROI over cost of capital, and a conservative capital structure. Short-term, it expects lumber prices to stay low, with mixed demand across segments in 2024, anticipating a competitive first half but improvement later.
February 20, 2024 | 1:21 pm
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UFP Industries aims for 7-10% annual sales growth through acquisitions and seeks a 12.5% EBITDA margin. It anticipates mixed demand in 2024, with a competitive market but improvements in the second half.
UFP Industries' strategic goals and anticipated market conditions suggest a positive outlook, with planned acquisitions and operational improvements likely to drive growth. The mixed demand in 2024 is acknowledged, but the expected improvement in the second half indicates resilience and adaptability, supporting a positive short-term impact on UFPI's stock.
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