UFP Industries, Inc. (UFPI) Q1 2023 Earnings Call Transcript

UFP Industries, Inc. (NASDAQ:UFPI) Q1 2023 Earnings Conference Call May 2, 2023 4:30 PM ET

Company Participants

Dick Gauthier – Vice President-Investor Relations
Matt Missad – Chief Executive Officer
Mike Cole – Chief Financial Officer

Conference Call Participants

Stanley Elliot – Stifel
Reuben Garner – Benchmark Company
Ketan Mamtora – BMO Capital Markets
Kurt Yinger – D.A. Davidson

Operator

Good day, and welcome to the Q1 2023 UFP Industries Inc. Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker, Mr. Dick Gauthier, Vice President of Investor Relations. Your line is open, sir.

Dick Gauthier

Welcome to the first quarter 2023 conference call for UFP Industries. Hosting the call today are CEO, Matt Missad; and CFO, Mike Cole. Matt and Mike will offer prepared remarks and then the call will be open for questions. This conference call is available simultaneously in its entirety to all interested investors and news media through our website – webcast at ufpi.com. A replay will also be available at that website.

Before I turn the call over to Matt Missad, let me remind you that today’s press release and presentation include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from the company’s expectations and projections. These risks and uncertainties include, but are not limited to, those factors identified in the press release and in the filings with the Securities and Exchange Commission.

I’ll now turn the call over to Matt Missad.

Matt Missad

Thank you, Dick, good afternoon, everyone. Thank