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UFP Industries (UFP Industries) Retained Earnings : $2,582 Mil (As of Dec. 2023)


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What is UFP Industries Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. UFP Industries's retained earnings for the quarter that ended in Dec. 2023 was $2,582 Mil.

UFP Industries's quarterly retained earnings increased from Jun. 2023 ($2,408 Mil) to Sep. 2023 ($2,517 Mil) and increased from Sep. 2023 ($2,517 Mil) to Dec. 2023 ($2,582 Mil).

UFP Industries's annual retained earnings increased from Dec. 2021 ($1,678 Mil) to Dec. 2022 ($2,217 Mil) and increased from Dec. 2022 ($2,217 Mil) to Dec. 2023 ($2,582 Mil).


UFP Industries Retained Earnings Historical Data

The historical data trend for UFP Industries's Retained Earnings 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 Retained Earnings Chart

UFP Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 995.02 1,182.68 1,678.12 2,217.41 2,582.33

UFP Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings 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 2,217.41 2,293.03 2,408.31 2,517.25 2,582.33

UFP Industries Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


UFP Industries  (NAS:UFPI) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


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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