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UFP Industries (UFP Industries) EBIT : $684 Mil (TTM As of Dec. 2023)


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What is UFP Industries EBIT?

UFP Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $139 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $684 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. UFP Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 13.80%. UFP Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. UFP Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.99%.


UFP Industries EBIT Historical Data

The historical data trend for UFP Industries's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

UFP Industries EBIT Chart

UFP Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 249.37 350.29 740.15 948.73 684.08

UFP Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 169.83 167.67 200.80 176.71 138.91

Competitive Comparison of UFP Industries's EBIT

For the Lumber & Wood Production subindustry, UFP Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


UFP Industries's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, UFP Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where UFP Industries's EV-to-EBIT falls into.



UFP Industries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $684 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


UFP Industries  (NAS:UFPI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

UFP Industries's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=475.092 * ( 1 - 23.41% )/( (2678.174 + 2594.955)/ 2 )
=363.8729628/2636.5645
=13.80 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4004.084 - 331.756 - ( 994.154 - max(0, 601.835 - 2505.122+994.154))
=2678.174

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4017.797 - 269.768 - ( 1153.074 - max(0, 567.976 - 2502.089+1153.074))
=2594.955

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

UFP Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=555.62/( ( (845.198 + max(908.514, 0)) + (880.351 + max(817.589, 0)) )/ 2 )
=555.62/( ( 1753.712 + 1697.94 )/ 2 )
=555.62/1725.826
=32.19 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(697.555 + 744.747 + 42.182) - (331.756 + 0 + 244.214)
=908.514

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(549.499 + 727.788 + 42.401) - (269.768 + 0 + 232.331)
=817.589

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

UFP Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=684.083/6225.942
=10.99 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


UFP Industries EBIT Related Terms

Thank you for viewing the detailed overview of UFP Industries's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


UFP Industries (UFP Industries) Business Description

Traded in Other Exchanges
Address
2801 East Beltline Avenue NE, Grand Rapids, MI, USA, 49525
UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.
Executives
Patrick M. Benton officer: XVP UFP Eastern Div - North 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
William G Currie director 2801 EAST BELTINE N E, GRAND RAPIDS MI 49505
Michael R Cole officer: Chief Financial Officer 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Mary E Tuuk director 625 KENMOOR AVE SE, SUITE 301, GRAND RAPIDS MI 49456
Bruce A Merino director 3800 WEST CHAPMAN AVE, ORANGE CA 92868
David A. Tutas officer: Vice President Legal & Secty 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Matthew J Missad director, officer: Chief Executive Officer 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Patrick M Webster officer: Pres. and Chief Operating Off. 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
William Danny Schwartz officer: Exec. VP, Operations Services 2801 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525
Allen T Peters officer: President, UFP Western Div 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Benjamin J. Mclean director 2801 E BELTLINE AVE NE, GRAND RAPIDS MI 49525
Scott T Bravata officer: Vice President Administration 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Michael G. Wooldridge director 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Donald L James officer: XVP National Sales 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Scott A Worthington officer: President, UFP Industrial, LLC 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525

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