UFPI

EX-99.1

2 ufpi-ex99d1.htm

EX-99.1

Exhibit 99.1

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UFP Industries Announces Third Quarter 2026 Results

​ GRAND RAPIDS, MI (October 28, 2026) - UFP Industries, Inc. (Nasdaq: UFPI), a leading manufacturer focused on delivering value-added products across its Retail, Packaging, and Construction segments, reported results for the third quarter 2026.

●Net sales of $1.73 billion increased by 11.1 percent compared to $1.56 billion a year ago due to a 4 percent increase in organic units (excluding growth from acquisitions within the last 12 months), a 2 percent increase due to acquisitions, and a 5 percent increase in selling prices.

●Diluted earnings per share of $1.05 compared to $1.29 a year ago, and Net earnings attributable to controlling interests of $58 million compared to $75 million a year ago. Earnings were primarily impacted by higher freight and lumber costs, offset by organic unit growth, benefits from ongoing cost out actions, and improved gross profit in several business units.

●Adjusted EBITDA1 was $119.3 million in the quarter, or 6.9 percent of net sales compared to $140.0 million, or 9.0 percent of net sales a year ago, as transportation costs, net of fuel surcharges, increased by $19 million, or 1.3 percent of net sales.

●Cash flows from operating activities in the first nine months of 2026 were $235 million. Cash used to invest in seasonal working capital requirements during the first nine months totaled roughly $100 million and is expected to be converted to cash in the fourth quarter. Free cash flow1 of $287 million for the first nine months of 2026 was used to repurchase nearly $183 million of our shares.

Will Schwartz, President and CEO of UFP Industries, commented, “Organic unit growth strengthened in the third quarter despite continued pressure across several of our end markets, which speaks to the successes we are seeing with our product and market-share initiatives. New products increased to 8.7 percent of net sales, led by continued momentum in our Deckorators, Structural Packaging, and Construction value-added offerings. The breadth of this growth demonstrates the benefits of our balanced portfolio and the investments we have made to drive above-market growth and gain share, even as underlying demand across many of our end markets remains challenged.

Profitability continued to be affected by elevated transportation and material costs, which limited the earnings benefit from higher volumes and an improved earnings profile. We continue to focus on what we can control. We now expect to meet or exceed our initial $60 million cost-savings objective by year-end, and we continue to pursue additional productivity, capacity consolidation, and cost reduction opportunities. We also see further profit-improvement opportunities as we integrate recent acquisitions, improve utilization of our newer facilities, and increase the mix of new and value-added products across our portfolio.

Importantly, the progress we have made in strengthening the underlying profitability of the business remains intact. Our profitability today is meaningfully stronger than it was before our management structure change in 2019, even though transportation costs have increased significantly as a percentage of net sales since then. These higher costs have masked some of the earnings improvement we have made across the portfolio, but we believe our cost actions and operating initiatives provide meaningful opportunities to improve profitability without relying on a near-term market recovery.

Schwartz continued, “Our financial position remains a competitive advantage. We ended the quarter with approximately $2 billion of liquidity and no borrowings outstanding under our revolving credit facility, giving us the flexibility to invest through the cycle. So far this year, we have completed three acquisitions, announced a fourth, and returned more than $240 million to shareholders through dividends and share repurchases. Our M&A pipeline remains active, and we will stay disciplined, pursuing opportunities that strengthen our core businesses, expand our value-added portfolio, and meet our return criteria.”

1 Represents a non-GAAP measurement; see the reconciliation of non-GAAP financial measures and related explanations below.

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‌Page 1

Exhibit 99.1

Third Quarter 2026 Highlights

UFP Consolidated

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(In thousands)

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Quarter Period

Year to Date

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2026

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2025

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% Change

2026

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2025

​

% Change

Net sales

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$

1,732,836

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$

1,559,627

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11.1

%

$

5,077,040

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$

4,990,520

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1.7

%

Net earnings

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​

58,633

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​

75,542

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(22.4)

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​

192,901

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​

255,836

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(24.6)

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Net margin

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3.4

%

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4.8

%

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​

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3.8

%

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5.1

%

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​

Adjusted EBITDA

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​

119,255

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​

140,019

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(14.8)

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​

385,091

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​

456,317

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(15.6)

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Adjusted EBITDA margin

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​

6.9

%

​

9.0

%

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​

​

7.6

%

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9.1

%

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EX-99.1

2 ufpi-20260729xex99d1.htm

EX-99.1

Exhibit 99.1

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UFP Industries Announces Second Quarter 2026 Results

​ GRAND RAPIDS, MI (July 29, 2026) - UFP Industries, Inc. (Nasdaq: UFPI) a leading manufacturer focused on delivering value-added products across its Retail, Packaging, and Construction segments reported results for the second quarter 2026.

●Net Sales of $1.88 billion increased by 3 percent compared to $1.84 billion a year ago due to a 1 percent increase in organic units (excluding growth from acquisitions within the last 12 months) and a 2 percent increase due to acquisitions.

●Diluted earnings per share of $1.48 compared to $1.70 a year ago, and Net Earnings Attributable to Controlling Interests of $83 million compared to $101 million a year ago. Earnings were primarily impacted by higher freight costs while a weaker residential construction market was offset by improvements in other business units.

●Adjusted EBITDA1 was $154.5 million in the quarter, or 8.2 percent of net sales compared to $174.1 million, or 9.5 percent of net sales a year ago, as transportation costs increased by 1.6 percent as a percent of net sales.

●Cash flows from operating activities in the first six months of 2026 was $61 million. Cash used to invest in seasonal working capital requirements during the first six months totaled almost $170 million and is expected to be converted to cash by the beginning of the fourth quarter. Free cash flow1 of $198 million for the first six months of 2026 was used to repurchase nearly $142 million of our shares.

Will Schwartz, President and CEO of UFP Industries, commented, “As we’ve discussed in prior quarters, we are seeing stabilization across the majority of our portfolio, and we believe our second quarter results reflect the progress we have made to strengthen our business and structurally improve our operations. The business environment remains challenging with geopolitical tensions, a weak housing market, rising input costs, and most recently, elevated transportation costs. We are actively managing these short-term disruptions while investing in initiatives that will improve our margin profile and drive above-market growth over the long term. We remain focused on the factors under our control and we are on track to deliver the remaining $25 million or more from our initial $60 million cost out program by year end. We also continue to strengthen our core businesses through organic investments and strategic M&A, positioning the company for long-term growth and returns as markets recover.”

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Schwartz continued, “Our balanced approach to our business has helped us navigate this uncertain environment while driving strong performance relative to market conditions. We continue to invest strategically by expanding geographically, improving operational efficiencies, and introducing innovative value-added products. To that point, the investments we’ve made to grow our Surestone products helped sales increase 37 percent from year ago levels, and our backlog remains robust. We also completed three acquisitions in the quarter that complement our core business and our M&A pipeline remains active. We will continue to make these investments in a targeted manner, while returning more of our free cash flow to shareholders through dividends and share repurchases. With $1.9 billion in liquidity at quarter end, we are confident in our ability to create shareholder value through prudent capital allocation.”

1 Represents a non-GAAP measurement; see the reconciliation of non-GAAP financial measures and related explanations below.

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‌Page 1

Exhibit 99.1

Second Quarter 2026 Highlights

UFP Consolidated

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(In thousands)

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Quarter Period

Year to Date

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2026

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2025

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% Change

2026

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2025

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% Change

Net sales

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$

1,882,937

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$

1,835,374

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2.6

%

$

3,344,204

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$

3,430,893

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(2.5)

%

Net earnings

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83,171

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100,871

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(17.5)

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​

134,268

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180,294

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(25.5)

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Net margin

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4.4

%

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5.5

%

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4.0

%

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5.3

%

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​

Adjusted EBITDA

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154,480

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​

174,147

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(11.3)

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265,836

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316,298

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(16.0)

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Adjusted EBITDA margin

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8.2

%

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9.5

%

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7.9

%

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9.2

%

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Percentage change in net sales:

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Organic units

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​

1

%

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(3)

%

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Acquisitions

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2

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1

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Selling prices

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—

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—

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●Net sales increased 3 percent in the quarter, driven primarily by acquisitions, as well as organic volume improvements in our Deckorators, Structural Packaging, Protective Packaging, Concrete Forming, and Commercial business units.

●Freight costs as a percent of net sales have increased by 1.6 percent, or $27 million, net of fuel surcharges and

EX-99.(A)

2 ufpi-20260429xex99da.htm

EX-99(A)

Exhibit 99(a)

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UFP Industries Announces First Quarter 2026 Results

​ GRAND RAPIDS, MI (April 29, 2026) - UFP Industries, Inc. (Nasdaq: UFPI) a leading manufacturer focused on delivering value-added products across its Retail, Packaging, and Construction segments reported results for the first quarter 2026.

●Net Sales of $1.46 billion decreased by 8 percent compared to $1.6 billion a year ago due to a 1 percent decrease in price and a 7 percent decline in organic units.

●Diluted earnings per share of $0.89 compared to $1.30 a year ago, and Net Earnings Attributable to Controlling Interests of $51 million compared to $79 million a year ago. Earnings were primarily impacted by a weaker residential construction market, adverse weather, and higher healthcare and fuel costs.

●Adjusted EBITDA1 was $111.4 million in the quarter, or 7.6 percent of net sales compared to 8.9 percent a year ago.

●New product sales were 7.8 percent of total net sales.

●Cash flows used in operating activities in 2026 was $104 million. Free cash flow1 of $87 million was used to repurchase nearly $30 million of our shares.

Will Schwartz, President and CEO of UFP Industries, commented, “After seeing stabilization earlier in the quarter, geopolitical tensions, unfavorable weather, and rising input costs added volatility to our operations in March, which accounted for more than half of the year-over-year decline in profits in the quarter. While we believe these headwinds will be temporary, we are actively working to offset these higher costs, particularly transportation. Despite the current backdrop, we have made considerable progress managing the things under our control and executing our strategies to position the business for long-term success. We are on track to deliver the remaining $25 million or more from our initial $60 million cost out program by year end. At the same time, we have continued to invest through the cycle. By combining greenfield expansion with disciplined M&A, we are strengthening our core businesses, introducing innovative products, and structurally lowering our cost base.  I’m incredibly proud of our team for their continued hard work. Our scale, diversified portfolio, and deep customer relationships have consistently positioned us well during periods like these and we continue to strengthen our position to drive above market growth and returns when markets recover.”

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Schwartz continued, “We have maintained a patient and disciplined approach to deploying capital this cycle while staying focused on finding the best and highest returns for our capital. This remains central to how we operate. After the quarter closed, we completed one transaction that strengthens our core businesses and supports our strategy to expand our footprint and drive higher-margin growth, and we expect to close an additional transaction in May. Our M&A pipeline remains active, and we continue to pursue strategic targets and organic investments, while opportunistically returning cash to our shareholders given our robust financial position. Following $56 million in a recent acquisition, $30 million in share repurchases, and a 3% dividend increase, we continue to maintain ample liquidity and financial flexibility. We are confident in our diversified business model and balanced capital allocation approach, which we believe puts us in a strong position to continue to drive shareholder value.”

1 Represents a non-GAAP measurement; see the reconciliation of non-GAAP financial measures and related explanations below.

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‌Page 1

Exhibit 99(a)

First Quarter 2026 Highlights

UFP Consolidated

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(In thousands)

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Quarter Period and Year to Date

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2026

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2025

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% Change

Net sales

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$

1,461,267

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$

1,595,519

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(8.4)

%

Net earnings

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51,097

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79,423

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(35.7)

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Net margin

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3.5

%

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5.0

%

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Adjusted EBITDA

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111,356

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142,151

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(21.7)

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Adjusted EBITDA margin

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7.6

%

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8.9

%

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​

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Percentage change in net sales:

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​

​

​

​

​

​

​

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Organic units

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(7)

%

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​

​

​

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Acquisitions

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—

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​

​

​

​

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Selling prices

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(1)

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​

​

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​

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UFP Retail

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(In thousands)

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Quarter Period and Year to Date

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2026

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2025

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% Change

Net sales

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$

531,176

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$

607,383

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(12.5)

%

Net earnings

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18,672

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​

20,663

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(9.6)

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Net margin

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3.5

%

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3.4

%

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Adjusted EBITDA

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34,832

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35,849

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(2.8)

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Adjusted EBITDA margin

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6.6

%

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5.9

%

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​

​

​

​

​

​

​

​

​

​

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Percentage change in net sales:

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​

​

​

​

​

​

​

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Organic units

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(13)

%

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​

​

​

​

Acquisitions

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—

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​

​

​

​

​

Selling prices

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1

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​

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●ProWood organic unit sales declined 15 percent in the quarter from year ago levels due to un