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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