XML 37 R26.htm IDEA: XBRL DOCUMENT v3.24.3
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 28, 2024
SEGMENT REPORTING  
Segment Reporting The tables below are presented in thousands:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 28, 2024

​

    

Retail

    

Packaging

    

Construction

    

  All Other  

    

  Corporate  

    

      Total      

Net sales to outside customers

​

$

635,571

 

$

401,626

​

$

534,625

​

$

75,802

​

$

1,759

​

$

1,649,383

Intersegment net sales

​

 

60,393

​

​

23,791

​

​

18,293

​

​

67,906

​

​

(170,383)

​

 

—

Earnings from operations

​

​

41,812

​

​

21,865

​

​

42,400

​

​

2,547

​

​

11,302

​

​

119,926

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 2023

​

    

Retail

    

Packaging

    

Construction

    

  All Other  

    

  Corporate  

    

      Total      

Net sales to outside customers

​

$

730,353

 

$

449,885

​

$

583,960

​

$

62,454

​

$

985

​

$

1,827,637

Intersegment net sales

​

 

102,190

​

​

16,910

​

​

24,194

​

​

58,903

​

​

(202,197)

​

 

—

Earnings from operations

​

​

46,674

​

​

41,429

​

​

69,560

​

​

5,343

​

​

4,326

​

​

167,332

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.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended September 28, 2024

​

    

Retail

    

Packaging

    

Construction

    

  All Other  

    

  Corporate  

    

      Total      

Net sales to outside customers

​

$

2,073,403

 

$

1,261,248

​

$

1,627,068

​

$

224,219

​

$

4,370

​

$

5,190,308

Intersegment net sales

​

 

189,841

​

​

70,992

​

​

57,125

​

​

219,218

​

​

(537,176)

​

 

—

Earnings from operations

​

​

147,575

​

​

82,627

​

​

139,753

​

​

13,916

​

​

28,912

​

​

412,783

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended September 30, 2023

​

    

Retail

    

Packaging

    

Construction

    

  All Other  

    

  Corporate  

    

      Total      

Net sales to outside customers

​

$

2,430,277

 

$

1,424,546

​

$

1,650,017

​

$

185,841

​

$

3,350

​

$

5,694,031

Intersegment net sales

​

 

524,033

​

​

57,936

​

​

73,584

​

​

211,870

​

​

(867,423)

​

 

—

Earnings from operations

​

​

147,143

​

​

153,025

​

​

185,767

​

​

16,961

​

​

19,641

​

​

522,537
Schedule of Goodwill by Segment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

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

 

​

(75)

​

​

—

​

​

(86)

​

​

(60)

​

​

—

 

​

(221)

Balance as of September 28, 2024

​

$

84,129

 

$

141,042

​

$

87,719

​

$

23,202

​

$

—

​

$

336,092
Schedule of assets by segment

​

​

​

​

​

​

​

​

​

​

​

Total Assets by Segment

​

September 28,

    

December 30,

    

​

​

Segment Classification

2024

​

2023

​

% Change

Retail

$

843,299

​

$

828,798

 

1.7

%

Packaging

 

786,988

​

 

798,623

 

(1.5)

​

Construction

 

660,815

​

 

621,762

 

6.3

​

All Other

​

341,860

​

​

316,481

​

8.0

​

Corporate

​

1,584,923

​

​

1,452,133

​

9.1

​

Total Assets

$

4,217,885

​

$

4,017,797

 

5.0

%
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 nine months ended September 28, 2024, and September 30, 2023 (in thousands).

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

​

​

September 28,

​

September 30,

​

September 28,

​

September 30,

​

​

​

2024

    

2023

    

2024

    

2023

​

Retail

​

​

​

​

​

​

​

​

​

​

​

​

​

Deckorators

​

$

76,572

​

$

79,508

​

$

250,413

​

$

260,627

​

ProWood

​

 

518,361

​

 

610,275

​

 

1,712,597

​

 

2,055,562

​

UFP Edge

​

 

38,277

​

 

40,246

​

 

103,570

​

 

113,014

​

Other

​

 

2,361

​

 

324

​

 

6,823

​

 

1,074

​

Total Retail

​

$

635,571

​

$

730,353

​

$

2,073,403

​

$

2,430,277

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Packaging

​

​

​

​

​

​

​

​

​

​

​

​

​

Structural Packaging

​

$

256,959

​

$

299,098

​

$

811,211

​

$

957,857

​

PalletOne

​

​

126,007

​

​

129,302

​

​

395,408

​

​

403,809

​

Protective Packaging

​

​

18,660

​

​

21,485

​

​

54,629

​

​

62,880

​

Total Packaging

​

$

401,626

​

$

449,885

​

$

1,261,248

​

$

1,424,546

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction

​

​

​

​

​

​

​

​

​

​

​

​

​

Factory Built

​

$

201,831

​

$

197,231

​

$

618,907

​

$

544,868

​

Site Built

​

 

219,626

​

 

264,734

​

 

679,732

​

 

734,297

​

Commercial

​

​

69,528

​

​

73,302

​

​

197,259

​

​

211,967

​

Concrete Forming

​

 

43,640

​

 

48,693

​

 

131,170

​

 

158,885

​

Total Construction

​

$

534,625

​

$

583,960

​

$

1,627,068

​

$

1,650,017

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

All Other

​

$

75,802

​

$

62,454

​

$

224,219

​

$

185,841

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate

​

$

1,759

​

$

985

​

$

4,370

​

$

3,350

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Net Sales

​

$

1,649,383

​

$

1,827,637

​

$

5,190,308

​

$

5,694,031

​

​