UFP Industries Q3 Earnings & Sales Miss Estimates, Decline Y/Y
UFP Technologies(UFPT) ZACKS·2024-10-30 02:45
UFP Industries, Inc. (UFPI) reported tepid results for the third quarter of 2024. Both earnings and net sales missed the Zacks Consensus Estimate and declined year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The quarterly results were affected by softer demand and broad-based pricing pressures. The company is facing trouble managing the ongoing macroeconomic challenges, aligning its overhead with lower demand levels and eliminating unnecessary costs. Although it is und ...