Attached files
| file | filename |
|---|---|
| EX-31.(B) - EX-31.(B) - UFP INDUSTRIES INC | ufpi-20200627xex31b.htm |
| EX-32.(B) - EX-32.(B) - UFP INDUSTRIES INC | ufpi-20200627xex32b.htm |
| EX-32.(A) - EX-32.(A) - UFP INDUSTRIES INC | ufpi-20200627xex32a.htm |
| EX-31.(A) - EX-31.(A) - UFP INDUSTRIES INC | ufpi-20200627xex31a.htm |
| 10-Q - 10-Q - UFP INDUSTRIES INC | ufpi-20200627x10q.htm |
UFP Industries, Inc.
Page 1
Exhibit 99.1
The following tables present the operating results by segment for three months ended for March 30, June 29, September 28, and December 29, 2019. During the second quarter of 2020, management retrospectively reallocated certain inter-company charges from Corporate to their respective segments to better assess segment profitability. Prior year information in these tables has been restated to reflect these changes.
| | | | | | | | | | | | | | | | | | |
| | Three Months Ended March 30, 2019 | ||||||||||||||||
|
| |
| |
| | | | | | |
| | |||||
(in thousands) | | Retail | | Industrial | | Construction | | All Other | | Corporate | | Total | ||||||
Net sales | | $ | 333,100 | | $ | 274,759 | | $ | 365,137 | | $ | 42,110 | | $ | 19 | | $ | 1,015,125 |
Cost of goods sold | |
| 296,547 | |
| 231,752 | |
| 304,740 | |
| 31,678 | | | (3,859) | | | 860,858 |
Gross profit | | | 36,553 | | | 43,007 | | | 60,397 | | | 10,432 | | | 3,878 | | | 154,267 |
Selling, general, administrative expenses | | | 25,639 | | | 24,296 | | | 45,685 | | | 7,934 | | | 1,763 | | | 105,317 |
Other | |
| 44 | |
| (20) | |
| 123 | |
| 303 | | | 54 | | | 504 |
Earnings from operations | | $ | 10,870 | | $ | 18,731 | | $ | 14,589 | | $ | 2,195 | | $ | 2,061 | | $ | 48,446 |
| | Three Months Ended June 29, 2019 | ||||||||||||||||
|
| |
| |
| | | | | | |
| | |||||
(in thousands) | | Retail | | Industrial | | Construction | | All Other | | Corporate | | Total | ||||||
Net sales | | $ | 482,090 | | $ | 291,245 | | $ | 414,825 | | $ | 52,669 | | $ | (1,012) | | $ | 1,239,817 |
Cost of goods sold | |
| 426,834 | |
| 246,276 | |
| 346,725 | |
| 39,890 | | | (6,634) | | | 1,053,091 |
Gross profit | | | 55,256 | | | 44,969 | | | 68,100 | | | 12,779 | | | 5,622 | | | 186,726 |
Selling, general, administrative expenses | | | 32,950 | | | 24,265 | | | 47,916 | | | 8,966 | | | (1,206) | | | 112,891 |
Other | |
| (124) | |
| (5) | |
| (84) | |
| 78 | | | (267) | | | (402) |
Earnings from operations | | $ | 22,430 | | $ | 20,709 | | $ | 20,268 | | $ | 3,735 | | $ | 7,095 | | $ | 74,237 |
| | Three Months Ended September 28, 2019 | ||||||||||||||||
|
| |
| |
| | | | | | | |
| | ||||
(in thousands) | | Retail | | Industrial | | Construction | | All Other | | Corporate | | Total | ||||||
Net sales | | $ | 397,140 | | $ | 271,667 | | $ | 445,505 | | $ | 48,066 | | $ | 648 | | $ | 1,163,026 |
Cost of goods sold | |
| 353,291 | |
| 224,363 | |
| 373,181 | | | 35,532 | | | (10,611) | | | 975,756 |
Gross profit | | | 43,849 | | | 47,304 | | | 72,324 | | | 12,534 | | | 11,259 | | | 187,270 |
Selling, general, administrative expenses | | | 29,534 | | | 26,522 | | | 49,897 | | | 9,359 | | | 646 | | | 115,958 |
Other | |
| 18 | |
| 14 | |
| 1,021 | | | (386) | | | 178 | | | 845 |
Earnings from operations | | $ | 14,297 | | $ | 20,768 | | $ | 21,406 | | $ | 3,561 | | $ | 10,435 | | $ | 70,467 |
| | Three Months Ended December 28, 2019 | ||||||||||||||||
|
| |
| |
| | | | | | | |
| | ||||
(in thousands) | | Retail | | Industrial | | Construction | | All Other | | Corporate | | Total | ||||||
Net sales | | $ | 286,380 | | $ | 247,964 | | $ | 411,689 | | $ | 50,940 | | $ | 1,068 | | $ | 998,041 |
Cost of goods sold | |
| 247,667 | |
| 203,634 | |
| 340,748 | | | 34,816 | | | 13,921 | | | 840,786 |
Gross profit | | | 38,713 | | | 44,330 | | | 70,941 | | | 16,124 | | | (12,853) | | | 157,255 |
Selling, general, administrative expenses | | | 27,697 | | | 23,379 | | | 47,407 | | | 5,630 | | | 41 | | | 104,154 |
Other | |
| 320 | |
| 493 | |
| 53 | | | 901 | | | (422) | | | 1,345 |
Earnings from operations | | $ | 10,696 | | $ | 20,458 | | $ | 23,481 | | $ | 9,593 | | $ | (12,472) | | $ | 51,756 |
UFP Industries, Inc.
Page 2
The following table presents total assets by segment as of March 30, June 29, September 28, and December 29, 2019. During the second quarter of 2020, certain assets were reclassified to a different segment. Prior year information in this table has been restated to reflect these changes.
| | | ||||||||||
(in thousands) |
| March 30, |
| June 29, |
| September 28, |
| December 28, | ||||
Segment Classification | | 2019 | | 2019 | | 2019 | | 2019 | ||||
Retail | | $ | 523,266 | | $ | 514,674 | | $ | 462,058 |
| $ | 402,221 |
Industrial | |
| 369,464 | |
| 371,976 | |
| 368,239 |
| | 377,329 |
Construction | |
| 521,105 | |
| 534,307 | |
| 575,789 |
| | 522,638 |
All Other | | | 130,691 | | | 126,652 | | | 126,683 | | | 136,990 |
Corporate | |
| 276,872 | |
| 303,050 | |
| 347,856 |
| | 450,299 |
Total Assets | | $ | 1,821,398 | | $ | 1,850,659 | | $ | 1,880,625 |
| | 1,889,477 |