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SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 29, 2024
SEGMENT REPORTING  
Segment Reporting The tables below are presented in thousands:

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Three Months Ended June 29, 2024

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Retail

    

Packaging

    

Construction

    

  All Other  

    

  Corporate  

    

      Total      

Net sales to outside customers

​

$

809,067

 

$

435,204

​

$

574,547

​

$

81,470

​

$

1,671

​

$

1,901,959

Intersegment net sales

​

 

70,102

​

​

26,275

​

​

18,797

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​

80,055

​

​

(195,229)

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—

Earnings from operations

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​

59,783

​

​

29,516

​

​

52,011

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​

7,496

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​

10,228

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​

159,034

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Three Months Ended July 1, 2023

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Retail

    

Packaging

    

Construction

    

  All Other  

    

  Corporate  

    

      Total      

Net sales to outside customers

​

$

938,630

 

$

488,100

​

$

550,464

​

$

67,592

​

$

(868)

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$

2,043,918

Intersegment net sales

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198,518

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​

20,976

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​

23,554

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​

75,480

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(318,528)

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—

Earnings from operations

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​

60,211

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​

56,864

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​

61,959

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​

6,786

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​

7,677

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​

193,497

Note: As of December 31, 2023, our Pinelli Universal entity was transferred to our Retail segment from our International segment (grouped in All Other) due to changes in our management structure. Prior year figures have been updated to reflect the change for comparability purposes in every applicable table in this filing.

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Six Months Ended June 29, 2024

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Retail

    

Packaging

    

Construction

    

  All Other  

    

  Corporate  

    

      Total      

Net sales to outside customers

​

$

1,437,832

 

$

859,622

​

$

1,092,443

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$

148,417

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$

2,611

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$

3,540,925

Intersegment net sales

​

 

129,448

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​

47,201

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​

38,832

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​

151,312

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(366,793)

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—

Earnings from operations

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​

105,763

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​

60,762

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​

97,353

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​

11,369

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​

17,610

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​

292,857

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Six Months Ended July 1, 2023

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Retail

    

Packaging

    

Construction

    

  All Other  

    

  Corporate  

    

      Total      

Net sales to outside customers

​

$

1,699,924

 

$

974,661

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$

1,066,057

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$

123,387

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$

2,365

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$

3,866,394

Intersegment net sales

​

 

421,843

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​

41,026

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​

49,390

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​

152,967

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(665,226)

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—

Earnings from operations

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​

100,469

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​

111,596

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​

116,207

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​

11,618

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​

15,315

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​

355,205
Schedule of Goodwill by Segment

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Retail

    

Packaging

    

Construction

    

All Other

    

Corporate

    

Total

Balance as of December 30, 2023

 

$

84,204

 

$

141,042

 

$

87,805

 

$

23,262

​

$

—

 

$

336,313

Foreign Exchange, Net

 

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(44)

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—

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(170)

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(651)

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—

 

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(865)

Balance as of June 29, 2024

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$

84,160

 

$

141,042

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$

87,635

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$

22,611

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$

—

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$

335,448
Schedule of assets by segment

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Total Assets by Segment

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June 29,

    

December 30,

    

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Segment Classification

2024

​

2023

​

% Change

Retail

$

916,574

​

$

828,798

 

10.6

%

Packaging

 

802,204

​

 

798,623

 

0.4

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Construction

 

666,622

​

 

621,762

 

7.2

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All Other

​

337,962

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​

316,481

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6.8

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Corporate

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1,415,132

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​

1,452,133

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(2.5)

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Total Assets

$

4,138,494

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$

4,017,797

 

3.0

%
Gross Sales by Major Product Classification

The following table presents our disaggregated net sales (in thousands) by business unit for each segment for the three and six months ended June 29, 2024, and July 1, 2023 (in thousands).

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Three Months Ended

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Six Months Ended

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June 29,

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July 1,

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June 29,

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July 1,

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2024

    

2023

    

2024

    

2023

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Retail

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Deckorators

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$

99,706

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$

103,656

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$

173,841

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$

181,119

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ProWood

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668,275

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794,287

​

 

1,194,236

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1,445,287

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UFP Edge

​

 

38,009

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40,216

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65,293

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72,768

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Other

​

 

3,077

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471

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4,462

​

 

750

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Total Retail

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$

809,067

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$

938,630

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$

1,437,832

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$

1,699,924

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​

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​

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​

​

Packaging

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​

​

​

​

​

​

​

​

Structural Packaging

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$

280,102

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$

330,510

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$

554,252

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$

658,760

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PalletOne

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136,911

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​

136,937

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​

269,401

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​

274,507

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Protective Packaging

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18,191

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​

20,653

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​

35,969

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​

41,394

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Total Packaging

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$

435,204

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$

488,100

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$

859,622

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$

974,661

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Construction

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Factory Built

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$

225,242

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$

180,024

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$

417,076

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$

347,637

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Site Built

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238,547

​

 

248,445

​

 

460,106

​

 

469,562

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Commercial

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​

66,347

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​

66,320

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​

127,731

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​

138,665

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Concrete Forming

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44,411

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55,675

​

 

87,530

​

 

110,193

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Total Construction

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$

574,547

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$

550,464

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$

1,092,443

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$

1,066,057

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​

​

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All Other

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$

81,470

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$

67,592

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$

148,417

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$

123,387

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Corporate

​

$

1,671

​

$

(868)

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$

2,611

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$

2,365

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​

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​

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​

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​

​

​

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​

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Total Net Sales

​

$

1,901,959

​

$

2,043,918

​

$

3,540,925

​

$

3,866,394

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