2024 Q1 Form 10-K Financial Statement

#000155837024001963 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.639B $1.524B $7.218B
YoY Change -10.07% -20.35% -25.02%
Cost Of Revenue $1.313B $1.228B $5.799B
YoY Change -10.33% -21.08% -26.0%
Gross Profit $326.1M $296.1M $1.419B
YoY Change -9.0% -17.16% -20.71%
Gross Profit Margin 19.9% 19.43% 19.66%
Selling, General & Admin $192.1M $171.6M $766.6M
YoY Change -1.35% -6.26% -7.87%
% of Gross Profit 58.9% 57.94% 54.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.90M $36.13M $110.6M
YoY Change 16.63% 15.69% 17.54%
% of Gross Profit 11.01% 12.2% 7.79%
Operating Expenses $192.3M $172.1M $766.6M
YoY Change -2.22% -8.88% -7.87%
Operating Profit $133.8M $124.0M $646.5M
YoY Change -17.24% -26.43% -31.96%
Interest Expense $3.136M $11.66M $12.84M
YoY Change 159.78% -7.68%
% of Operating Profit 2.34% 9.41% 1.99%
Other Income/Expense, Net $12.76M $24.71M
YoY Change 349.24% -260.77%
Pretax Income $146.6M $135.7M $671.2M
YoY Change -10.92% -21.6% -28.2%
Income Tax $25.49M $31.75M $156.8M
% Of Pretax Income 17.39% 23.41% 23.36%
Net Earnings $120.8M $103.4M $514.3M
YoY Change -4.19% -18.59% -25.75%
Net Earnings / Revenue 7.37% 6.79% 7.13%
Basic Earnings Per Share $1.96 $1.65 $8.21
Diluted Earnings Per Share $1.96 $1.62 $8.07
COMMON SHARES
Basic Shares Outstanding 61.62M 59.62M
Diluted Shares Outstanding 59.26M 60.64M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.017B $1.153B $1.153B
YoY Change 120.63% 93.66% 93.66%
Cash & Equivalents $979.7M $1.118B $1.118B
Short-Term Investments $36.98M $34.75M $34.75M
Other Short-Term Assets $38.98M $38.47M $38.83M
YoY Change 6.94% -9.52% 8.01%
Inventory $745.3M $727.8M $727.8M
Prepaid Expenses
Receivables $713.4M $549.5M $553.1M
Other Receivables $0.00 $29.33M $29.33M
Total Short-Term Assets $2.514B $2.502B $2.502B
YoY Change 10.91% 10.61% 10.61%
LONG-TERM ASSETS
Property, Plant & Equipment $794.6M $776.6M $880.4M
YoY Change 13.48% 12.71% 10.53%
Goodwill $335.6M $336.3M
YoY Change -0.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $258.5M $87.44M $116.5M
YoY Change 6.6% -13.65% -6.73%
Total Long-Term Assets $1.564B $1.516B $1.516B
YoY Change 9.4% 7.5% 7.5%
TOTAL ASSETS
Total Short-Term Assets $2.514B $2.502B $2.502B
Total Long-Term Assets $1.564B $1.516B $1.516B
Total Assets $4.079B $4.018B $4.018B
YoY Change 10.33% 9.41% 9.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $254.9M $203.1M $203.1M
YoY Change -8.31% -1.88% -1.88%
Accrued Expenses $226.1M $312.5M $312.5M
YoY Change -9.34% -20.22% -20.22%
Deferred Revenue $10.12M $9.487M
YoY Change -6.84%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $44.05M $42.90M $42.90M
YoY Change 1358.64% 1358.19% 1358.19%
Total Short-Term Liabilities $525.0M $568.0M $568.0M
YoY Change -1.01% -7.17% -7.17%
LONG-TERM LIABILITIES
Long-Term Debt $233.0M $233.5M $233.5M
YoY Change -15.26% -15.13% -15.13%
Other Long-Term Liabilities $204.5M $35.93M $120.8M
YoY Change 10.06% -19.61% -7.15%
Total Long-Term Liabilities $437.5M $269.5M $354.4M
YoY Change -5.05% -15.75% -12.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $525.0M $568.0M $568.0M
Total Long-Term Liabilities $437.5M $269.5M $354.4M
Total Liabilities $962.5M $967.6M $1.018B
YoY Change -2.89% -9.43% -8.13%
SHAREHOLDERS EQUITY
Retained Earnings $2.664B $2.582B
YoY Change 16.46%
Common Stock $61.75M $61.62M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.116B $3.000B $3.000B
YoY Change
Total Liabilities & Shareholders Equity $4.079B $4.018B $4.018B
YoY Change 10.33% 9.41% 9.41%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $120.8M $103.4M $514.3M
YoY Change -4.19% -18.59% -25.75%
Depreciation, Depletion And Amortization $35.90M $36.13M $110.6M
YoY Change 16.63% 15.69% 17.54%
Cash From Operating Activities -$16.80M $248.1M $959.9M
YoY Change -54.69% -16.89% 15.43%
INVESTING ACTIVITIES
Capital Expenditures $49.15M $49.44M $180.4M
YoY Change 28.77% -18.15% 3.59%
Acquisitions
YoY Change
Other Investing Activities -$6.914M -$3.181M $8.692M
YoY Change 87.27% -95.51% -345.88%
Cash From Investing Activities -$56.06M -$52.62M -$240.2M
YoY Change 33.93% -59.93% -32.14%
FINANCING ACTIVITIES
Cash Dividend Paid $20.41M $68.24M
YoY Change 15.93%
Common Stock Issuance & Retirement, Net $79.40M
YoY Change -14.63%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -68.97M -36.64M -162.9M
YoY Change 16.17% -37.43% -22.53%
NET CHANGE
Cash From Operating Activities -16.80M 248.1M 959.9M
Cash From Investing Activities -56.06M -52.62M -240.2M
Cash From Financing Activities -68.97M -36.64M -162.9M
Net Change In Cash -141.8M 158.8M 562.6M
YoY Change 2.55% 46.2% 109.62%
FREE CASH FLOW
Cash From Operating Activities -$16.80M $248.1M $959.9M
Capital Expenditures $49.15M $49.44M $180.4M
Free Cash Flow -$65.95M $198.7M $779.5M
YoY Change -12.35% -16.58% 18.57%

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CY2023 us-gaap Fiscal Period
FiscalPeriod
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">FISCAL YEAR</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Our fiscal year is a 52 or 53 week period, ending on the last Saturday of December. Unless otherwise stated, references to 2023, 2022, and 2021 relate to the fiscal years ended December 30, 2023, December 31, 2022, and December 25, 2021, respectively. Fiscal year 2023 was comprised of 52 weeks, fiscal year 2022 was comprised of 53 weeks and fiscal year 2021 was comprised of 52 weeks. </p>
CY2023 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2022 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P371D
CY2021 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2023Q4 us-gaap Restricted Investments
RestrictedInvestments
24800000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
11727000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
56522000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
63116000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5133000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5085000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
79862000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
73220000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
11727000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4629000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
66883000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
66427000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5085000
CY2023Q4 us-gaap Construction Contractor Receivable Including Contract Retainage
ConstructionContractorReceivableIncludingContractRetainage
8200000
CY2022Q4 us-gaap Construction Contractor Receivable Including Contract Retainage
ConstructionContractorReceivableIncludingContractRetainage
8000000.0
CY2023 ufpi Accounts Receivable Retainage Collection Period
AccountsReceivableRetainageCollectionPeriod
P18M
CY2023Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
23200000
CY2022Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
27900000
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
185188000
CY2022Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
171729000
CY2023Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
400232000
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
355228000
CY2023Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
884880000
CY2022Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
708095000
CY2023Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
26275000
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
23186000
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
62729000
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
121730000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1559304000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1379968000
CY2023Q4 ufpi Number Of Insurance Contracts With Third Party
NumberOfInsuranceContractsWithThirdParty
207
CY2023Q4 ufpi Reserve Associated With Contracts To Third Party
ReserveAssociatedWithContractsToThirdParty
7500000
CY2022Q4 ufpi Reserve Associated With Contracts To Third Party
ReserveAssociatedWithContractsToThirdParty
5000000.0
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7218384000
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
9626739000
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8636134000
CY2023 ufpi Net Revenue Change Percentage Period Over Period
NetRevenueChangePercentagePeriodOverPeriod
-0.250
CY2022 ufpi Net Revenue Change Percentage Period Over Period
NetRevenueChangePercentagePeriodOverPeriod
0.115
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
3572000
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6798000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9487000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
10184000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
514312000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
692651000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
535640000
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
25139000
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
27488000
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
17342000
CY2023 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
489173000
CY2022 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
665163000
CY2021 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
518298000
CY2023 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
62683000
CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
62667000
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
62209000
CY2023 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
3064000
CY2022 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2487000
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2014000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59619000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60180000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60195000
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1020000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
473000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
159000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60639000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60653000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60354000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.21
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.05
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.61
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.07
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.97
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.59
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">USE OF ACCOUNTING ESTIMATES</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. We believe our estimates to be reasonable; however, actual results could differ from these estimates.</p>
CY2023 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
95000000.0
CY2023 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
3300000
CY2021Q4 us-gaap Goodwill
Goodwill
315038000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
34833000
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-9041000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2480000
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1030000
CY2022Q4 us-gaap Goodwill
Goodwill
337320000
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
7077000
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-8846000
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
762000
CY2023Q4 us-gaap Goodwill
Goodwill
336313000
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
7300000
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
7300000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
242634000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
67439000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
175195000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
201468000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
57576000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
143892000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21300000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19500000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13900000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
23580000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
22998000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
20520000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
18636000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
18021000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
71440000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
175195000
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
47800000
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
59000000.0
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
276584000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
278330000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
42900000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2942000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
150000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
234000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
233534000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
275154000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
42823000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
640000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
186000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3896000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
40223000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
188666000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
276434000
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
241400000
CY2023 us-gaap Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
FairValueLiabilitiesMeasuredOnRecurringBasisDebtInstrumentValuationTechniquesChangeInTechniqueQuantificationOfEffect
-35100000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
33829000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
32458000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9525000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
10490000
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
6332000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
5291000
CY2023 us-gaap Sublease Income
SubleaseIncome
2267000
CY2022 us-gaap Sublease Income
SubleaseIncome
2876000
CY2023 us-gaap Lease Cost
LeaseCost
47419000
CY2022 us-gaap Lease Cost
LeaseCost
45363000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
49700000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
48200000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
40100000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
32400000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
30200000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
35400000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
32000000.0
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
32796000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
29435000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
27104000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17998000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13517000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
31686000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
152536000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
44674000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
107862000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M15D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M10D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0453
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0370
CY2023Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
0
CY2022Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
100000
CY2023Q4 us-gaap Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
57800000
CY2022Q4 us-gaap Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
50400000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1363794
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
35.14
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
6300000
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y7M13D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
560516
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
60.24
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
274271
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
26.50
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
23007
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
39.68
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1627032
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
45.23
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
6600000
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y5M4D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
815874
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
79.97
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
286661
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
34.00
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
17990
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
54.07
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2138255
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
58.70
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
51400000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y8M26D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
830346
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
86.11
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
233763
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
40.50
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
14001
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
63.54
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2720837
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2022 ufpi Effective Income Tax Rate Reconciliation Other Permanent Differences
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CY2023Q4 us-gaap Deferred Tax Assets In Process Research And Development
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CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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300000
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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500000
CY2023Q4 us-gaap Increase In Unrecognized Tax Benefits Is Reasonably Possible
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CY2023 us-gaap Depreciation
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q4 us-gaap Assets
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q4 us-gaap Assets
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q4 us-gaap Assets
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CY2021 us-gaap Segment Expenditure Addition To Long Lived Assets
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us-gaap Profit Loss
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CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023 us-gaap Fiscal Period Duration
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CY2022 us-gaap Fiscal Period Duration
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CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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2322855000
CY2023Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
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1524353000
us-gaap Revenue From Contract With Customer Including Assessed Tax
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1913697000
CY2023Q2 us-gaap Gross Profit
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CY2022Q1 us-gaap Gross Profit
GrossProfit
478363000
CY2023Q3 us-gaap Gross Profit
GrossProfit
400067000
CY2022Q2 us-gaap Gross Profit
GrossProfit
503452000
CY2023Q3 us-gaap Gross Profit
GrossProfit
364400000
CY2022Q3 us-gaap Gross Profit
GrossProfit
450176000
CY2023Q4 us-gaap Gross Profit
GrossProfit
296142000
us-gaap Gross Profit
GrossProfit
357470000
CY2023Q2 us-gaap Profit Loss
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CY2022Q1 us-gaap Profit Loss
ProfitLoss
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CY2023Q3 us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Profit Loss
ProfitLoss
207853000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
189703000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
150761000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
203118000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
134035000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
167241000
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
103447000
us-gaap Net Income Loss
NetIncomeLoss
132589000
CY2023Q2 us-gaap Earnings Per Share Basic
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2.01
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.01
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.40
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.24
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.14
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.68
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.12
CY2023Q2 us-gaap Earnings Per Share Diluted
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1.98
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.00
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.36
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.23
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.10
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.66
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.10
CY2023 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2023 dei Auditor Location
AuditorLocation
Grand Rapids, MI

Files In Submission

Name View Source Status
0001558370-24-001963-index-headers.html Edgar Link pending
0001558370-24-001963-index.html Edgar Link pending
0001558370-24-001963.txt Edgar Link pending
0001558370-24-001963-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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ufpi-20231230.xsd Edgar Link pending
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ufpi-20231230_cal.xml Edgar Link unprocessable
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ufpi-20231230x10k_htm.xml Edgar Link completed
ufpi-20231230_lab.xml Edgar Link unprocessable
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FilingSummary.xml Edgar Link unprocessable