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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 27, 2025

SEGMENT REPORTING

Segment Reporting

The following tables are presented in thousands:


		2025
											All
		Retail			Packaging			Construction			Other			Corporate			Total
Net sales to outside customers		$	2,433,556		$	1,603,723		$	2,003,785		$	271,550		$	7,729		$	6,320,343
Intersegment net sales			261,156			98,156			89,131			334,152			(782,595)			—
Cost of goods sold			2,087,657			1,338,247			1,645,998			212,499			(24,208)			5,260,193
Gross profit			345,899			265,476			357,787			59,051			31,937			1,060,150
Selling, general, administrative expenses			218,262			180,619			237,949			37,858			16,320			691,008
Net loss (gain) on disposition and impairment of assets			11,139			(2,887)			259			3,167			(8,550)			3,128
Other losses (gains), net			1,398			—			265			691			(241)			2,113
Earnings from operations			115,100			87,744			119,314			17,335			24,408			363,901
Interest expense			124			12			—			(906)			11,687			10,917
Interest and investment income			(427)			(3)			(11)			(7,252)			(30,855)			(38,548)
Equity in earnings of investee			—			(687)			—			(22)			—			(709)
Interest and other			(303)			(678)			(11)			(8,180)			(19,168)			(28,340)
Earnings before income taxes			115,403			88,422			119,325			25,515			43,576			392,241
Income taxes			28,724			22,008			29,699			4,973			10,845			96,249
Net earnings		$	86,679		$	66,414		$	89,626		$	20,542		$	32,731		$	295,992
Other significant items:
Amortization expense		$	3,630			8,562			2,909			5,980			1,610		$	22,691
Depreciation expense			30,438			36,706			25,863			4,165			41,188			138,360
Segment assets			867,700			773,495			614,966			330,938			1,435,794			4,022,893
Capital expenditures			128,824			73,426			30,243			3,094			33,790			269,377


		2024
											All
		Retail			Packaging			Construction			Other			Corporate			Total
Net sales to outside customers		$	2,597,994		$	1,636,563		$	2,113,844		$	298,190		$	5,718		$	6,652,309
Intersegment net sales			245,628			92,801			76,401			297,512			(712,342)			—
Cost of goods sold			2,209,195			1,335,304			1,675,346			240,518			(34,796)			5,425,567
Gross profit			388,799			301,259			438,498			57,672			40,514			1,226,742
Selling, general, administrative expenses			209,592			191,757			262,517			39,940			31,240			735,046
Net loss (gain) on disposition and impairment of assets			3,067			6,545			673			28			(4,156)			6,157
Other (gains) losses, net			(2,964)			—			(376)			(3,572)			209			(6,703)
Earnings from operations			179,104			102,957			175,684			21,276			13,221			492,242
Interest expense			116			14			50			(3,242)			15,771			12,709
Interest and investment income			(673)			(26)			(33)			(6,114)			(53,687)			(60,533)
Equity in earnings of investee			—			(89)			—			—			—			(89)
Interest and other			(557)			(101)			17			(9,356)			(37,916)			(47,913)
Earnings before income taxes			179,661			103,058			175,667			30,632			51,137			540,155
Income taxes			40,534			23,023			39,488			5,793			12,584			121,422
Net earnings		$	139,127		$	80,035		$	136,179		$	24,839		$	38,553		$	418,733
Other significant items:
Amortization expense		$	3,992		$	8,840		$	2,810		$	6,124		$	1,755		$	23,521
Depreciation expense			28,877			34,603			23,124			3,338			34,699			124,641
Segment assets			816,256			799,311			621,370			342,529			1,571,472			4,150,938
Capital expenditures			79,909			57,436			64,743			2,716			27,470			232,274


		2023
											All
		Retail			Packaging			Construction			Other			Corporate			Total
Net sales to outside customers		$	2,956,007		$	1,838,200		$	2,161,059		$	259,392		$	3,726		$	7,218,384
Intersegment net sales			565,325			83,549			96,729			268,210			(1,013,813)			—
Cost of goods sold			2,566,572			1,422,940			1,637,329			182,047			(9,442)			5,799,446
Gross profit			389,435			415,260			523,730			77,345			13,168			1,418,938
Selling, general, administrative expenses			213,288			219,323			279,107			51,548			3,367			766,633
Net loss (gain) on disposition and impairment of assets			800			8			9			(166)			(911)			(260)
Other losses, net			3,180			—			1,268			1,425			158			6,031
Earnings from operations			172,167			195,929			243,346			24,538			10,554			646,534
Interest expense			111			7			—			(3,020)			15,744			12,842
Interest and investment income			(168)			(6)			(10)			(5,747)			(33,985)			(39,916)
Equity in loss of investee			—			2,367			—			—			—			2,367
Interest and other			(57)			2,368			(10)			(8,767)			(18,241)			(24,707)
Earnings before income taxes			172,224			193,561			243,356			33,305			28,795			671,241
Income taxes			40,304			45,292			56,753			7,723			6,712			156,784
Net earnings		$	131,920		$	148,269		$	186,603		$	25,582		$	22,083		$	514,457
Other significant items:
Amortization expense		$	4,566		$	8,849		$	2,904		$	3,488		$	1,520		$	21,327
Depreciation expense			25,483			32,996			19,546			2,454			30,084			110,563
Segment assets			828,798			798,623			621,762			316,481			1,452,133			4,017,797
Capital expenditures			52,756			52,694			56,793			1,432			16,707			180,382

Information Regarding Principal Geographic Areas

Information regarding principal geographic areas was as follows (in thousands):


		2025						2024						2023
					Long-Lived						Long-Lived						Long-Lived
					Tangible						Tangible						Tangible
		Net Sales			Assets			Net Sales			Assets			Net Sales			Assets
United States		$	6,037,902		$	1,004,281		$	6,359,540		$	906,549		$	6,935,431		$	779,748
Foreign			282,441			206,523			292,769			197,324			282,953			188,042
Total		$	6,320,343		$	1,210,804		$	6,652,309		$	1,103,873		$	7,218,384		$	967,790

Schedule of net sales by business unit

The following table presents, for the periods indicated, our disaggregated net sales (in thousands) by business unit for each segment.


		2025			2024			2023
Retail
ProWood		$	2,028,949		$	2,154,398		$	2,495,493
Deckorators			299,931			297,217			309,419
UFP Edge			104,676			146,379			151,095
Total Retail		$	2,433,556		$	2,597,994		$	2,956,007

Packaging
Structural Packaging		$	999,344		$	1,045,149		$	1,225,204
PalletOne			521,949			517,906			530,642
Protective Packaging			82,430			73,508			82,354
Total Packaging		$	1,603,723		$	1,636,563		$	1,838,200

Construction
Factory Built		$	838,177		$	815,577		$	718,773
Site-Built			713,759			875,087			977,129
Commercial			265,657			248,777			265,079
Concrete Forming			186,192			174,403			200,078
Total Construction		$	2,003,785		$	2,113,844		$	2,161,059

All Other		$	271,550		$	298,190		$	259,392

Corporate		$	7,729		$	5,718		$	3,726

Total Net Sales		$	6,320,343		$	6,652,309		$	7,218,384

Percentage of Value-added and Commodity-based Sales to Total Sales


		2025			2024			2023
Value-Added
Retail			51.8%			52.8%			51.1%
Packaging			75.4%			75.5%			76.9%
Construction			81.0%			80.5%			83.2%
All Other			76.1%			76.6%			80.0%
Corporate			80.5%			61.6%			27.5%
Total			68.0%			68.1%			68.1%

Commodity-Based
Retail			48.2%			47.2%			48.9%
Packaging			24.6%			24.5%			23.1%
Construction			19.0%			19.5%			16.8%
All Other			23.9%			23.4%			20.0%
Corporate			19.5%			38.4%			72.5%
Total			32.0%			31.9%			31.9%