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UFP INDUSTRIES, INC.

(UFPI)
  Report
Delayed Nasdaq  -  01:00 2022-11-25 pm EST
81.56 USD   +0.88%
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UFP Industries : ProWood FR receives a Top 100 Product distinction from ProBuilder for 2022

09/06/2022 EST

ProWood FR receives a Top 100 Product distinction from ProBuilder for 2022

Builders, architects, specifiers, building code officials can now quickly spec and approve the product

GRAND RAPIDS, Mich., [September 6, 2022] - ProWood FR, a brand of UFP Retail Solutions, recently was name a Top 100 Product by Pro Builder Magazine for receiving UL Listing for its fire-retardant, pressure-treated wall assembly, ProWood FR UL V343 2-Hour Wall Assembly (UL 263 Listed).

"We are continuously engaged in developing and bringing innovative products to market that move the industry forward," said Ryan Kemp, executive vice president of ProWood. "As building codes continue to evolve so does our innovation platform at ProWood."

Available exclusively from ProWood, the code-compliant ProWood FR V343 wall assembly bears a Class A Flame Spread Index of 25 or less, the best possible rating awarded to fire-retardant building products. ProWood FR V343 is manufactured under the independent third-party inspection of Underwriters Laboratories Inc. (UL), the largest and oldest independent testing laboratory in the US.

The UL Listing for ProWood FR's V343 pressure-treated wall assembly gives builders and architects the peace of mind to spec the product in their construction applications. It also allows building code officials to quickly and confidently approve the product on job sites.

"Pressure treating infuses the fire retardant deep into the cells of the wood, not just at the surface," added Kemp. "Since it is in the wood cells, the fire retardant is not damaged during or after construction. With this UL Listing, builders, architects, and specifiers now have the knowledge they are getting a product that performs specifically for their end use."

For more information, including a spec guide and complete fire-retardant product list, visit https://www.prowoodlumber.com/en/Treated-Options/Fire-Retardant.

About ProWood

ProWood, a brand of UFP Retail Solutions, LLC, a UFP Industries company, is the go-to choice for lumber treated to the industry's highest standards. Our strategic locations and wide array of treatment options allow us to provide products that offer exceptional protection from the elements for building professionals and do-it-yourself homeowners. With industry-leading warranties and a commitment to innovation, ProWood is at the forefront of education and product knowledge to provide a better overall customer experience.

To learn more about ProWood lumber and treatment technologies, visit www.prowoodlumber.comor call 844-529-5882.

UFP INDUSTRIES, INC. (NASDAQ: UFPI)

UFP Industries is a holding company whose operating subsidiaries - UFP Industrial, UFP Construction and UFP Retail Solutions - manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com.

###

Media Contact:

Matt Meyer,

Marketing Manager, ProWood

Office: (616) 365-7382 - Cell: (630) 306-5207

Disclaimer

UFP Industries Inc. published this content on 06 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2022 15:22:00 UTC.


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Financials (USD)
Sales 2022 9 652 M - -
Net income 2022 673 M - -
Net cash 2022 336 M - -
P/E ratio 2022 7,56x
Yield 2022 1,16%
Capitalization 5 025 M 5 025 M -
EV / Sales 2022 0,49x
EV / Sales 2023 0,49x
Nbr of Employees 15 000
Free-Float 97,2%
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Number of Analysts 6
Last Close Price 81,56 $
Average target price 95,17 $
Spread / Average Target 16,7%
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Matthew Jon Missad Chief Executive Officer & Director
Patrick M. Webster President & Chief Operating Officer
Michael R. Cole Chief Financial Officer & Treasurer
William G. Currie Chairman
David A. Tutas Secretary & Chief Compliance Officer
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