UFPI · CIK 912767
What UFP Industries, Inc. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far — we surface every cited disclosure we’ve extracted for UFPI. More may follow as additional filings are processed.
In its own words
What could break it.
Commodity & input dependence
- Lumberhigh
Wood-products manufacturer whose results turn on the lumber market — lumber costs were 41.6% of net sales in 2025 (40.4% in 2024); although it generally passes lumber costs through, gross margins are driven by the level and trend of lumber prices, and dollar sales and working-capital needs move with lumber cost.
“Lumber costs were 41.6% and 40.4% of our net sales in 2025 and 2024, respectively.”
Regulatory & policy
- Lumber import duties & export tariffs (Canada)medium
Trade policy cuts both ways for UFP: foreign tariffs on U.S. goods could curtail its ~$239.5M of 2025 export sales, while 11% of its lumber is imported from Canada and higher U.S. duties on Canadian lumber (proposed Canada tariffs currently paused) raise input-cost and supply uncertainty.
“An increase in foreign tariffs on U.S. goods could curtail our export sales to other countries, which were approximately $239.5 million in 2025, compared to $258.9 million in 2024.”
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“The Retail segment services two of our largest customers, The Home Depot and Lowes, which accounted for approximately 17% and 11%, respectively, of our total net sales in fiscal 2025, 17% and 11%, respectively, in 2024, and 17% and 12%, respectively, in 2023.”
Cited →“The Retail segment services two of our largest customers, The Home Depot and Lowes, which accounted for approximately 17% and 11%, respectively, of our total net sales in fiscal 2025, 17% and 11%, respectively, in 2024, and 17% and 12%, respectively, in 2023.”
Cited →
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