UFPI announces record earnings for Q2/2020

UFP Industries, Inc. (UFPI) announced record net earnings of $66.5 million for the 2Q 2020, as well as record EPS of $1.08 per diluted share, a 23% increase over the same period of 2019. 2Q 2020 net sales were $1.24 billion; higher lumber prices contributed 3% in net sales which was substantially offset by a 3%…

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UFPI to acquire T&R Lumber Company in California

UFP Industries announced that one of its affiliates acquired the operating assets of T&R Lumber Company and its affiliates, Sullivan & Mann and Kelmar Creations. Based in Rancho Cucamonga, California, T&R manufactures and distributes a range of products used primarily by nurseries, including plastic growing containers, pots and trays; wooden stakes;…

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