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UFP Industries, Inc. (UFPI)

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52.86-0.06 (-0.11%)
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UFP Industries, Inc.

2801 East Beltline Avenue, NE
Grand Rapids, MI 49525
United States
616 364 6161
http://www.ufpi.com

Sector(s)Basic Materials
IndustryLumber & Wood Production
Full Time Employees12,000

Key Executives

NameTitlePayExercisedYear Born
Mr. Matthew Jon Missad CPA, CPACEO & Director2.44MN/A1961
Mr. Patrick M. WebsterPres & COO1.46MN/A1960
Mr. Michael Richard ColeCFO & Treasurer1.29MN/A1967
Mr. Allen T. PetersPres & COO of UFP Retail947.19kN/A1968
Mr. Patrick M. BentonPres of UFP Construction896.55kN/A1970
Mr. Scott T. BravataVP of AccountingN/AN/A1965
Mr. David A. TutasChief Compliance Officer, Gen. Counsel & Sec.N/AN/A1970
Ms. Lynn AfendoulisDirector of Corp. CommunicationsN/AN/AN/A
Mr. Donald L. JamesExec. VP of National SalesN/AN/A1960
Mr. Robert D. ColemanExec. VP of ManufacturingN/AN/A1955
Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

UFP Industries, Inc., through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood and wood composite decking and related accessories, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages. It also provides pallets, specialty crates, wooden boxes, and other containers and products that are used for packaging, shipping, and material handling applications; designs, manufactures, and installs interior fixtures that are used in retail and commercial structures; and provides lumber cut and shaped, plywood, oriented strand board, and dimensional lumber products for use in the construction of manufactured housings. In addition, the company supplies siding, electrical, and plumbing products to manufactured housing and recreational vehicle customers; and wood forms and related products to set or form concrete for various structures, such as parking garages, stadiums, and bridges. Further, it provides framing services; and specialty wood packaging, components, and packing materials for various industries. The company primarily sells its products under the roWood, Deckorators, UFP-Edge, Outdoor Essentials, Dimensions, and ProWood FR trademarks. It serves retail market comprising home center retailers, retail-oriented regional lumberyards, and contractor-oriented lumberyards; industrial market, including manufacturers and agricultural customers; and construction market, such as manufactured housing, residential construction, and commercial construction markets. The company was formerly known as Universal Forest Products, Inc. and changed its name to UFP Industries, Inc. in April 2020. UFP Industries, Inc. was founded in 1955 and is headquartered in Grand Rapids, Michigan.

Corporate Governance

UFP Industries, Inc.’s ISS Governance QualityScore as of November 2, 2019 is 4. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 3; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.