UFP Industries’ Post

In the face of a more challenging business cycle, UFP's second quarter earnings were in line with expectations thanks to the commitment and hard work of the entire UFP team. Softer demand has allowed UFP to focus more energy on long-term expansion plans and improvement strategies that set us up for success. In the words of CEO Matt Missad, "Our long-term outlook for growth remains strong." https://lnkd.in/egWN_vFb

On Monday, shares of Midland Archer Daniels Midland Company (ADM), a major player in the agricultural processing industry, experienced a significant drop. The company's stock fell sharply by approximately 19%, primarily triggered by news of an internal probe involving its Chief Financial Officer, Vikram Luthar. Luthar was placed on administrative leave as part of an investigation into the accounting practices at ADM's Nutrition unit, which specializes in plant-based protein among other products. This internal probe has raised concerns among investors and the market at large, as the Nutrition unit is a substantial segment of ADM, representing about $8 billion of the company's annual revenue, which totaled around $102 billion in 2022. Adding to the investor unease, ADM also revised its 2023 adjusted earnings forecast downwards to $6.90 per share, a notable decrease from the $7.27 per share previously expected by analysts. The company anticipates that its operating income will drop by more than 18% in 2023. The stock's decline reflects the market's reaction to both the uncertainty brought about by the internal investigation and the revised financial forecasts. These developments have evidently shaken investor confidence, leading to the significant downturn in ADM's stock price. #agribusiness #agriculture #agtech

Attention RIC members—below is the July meeting schedule. If you would like to participate or attend, contact info@remancouncil.org. July 11 - DEI Committee July 15 - Marketing & Membership Committee July 17 - Board of Directors Meeting July 24 - Trade & Policy Committee July 24 - Finance Committee July 25 - Remanufacturing Association Alliance #remanufacturing #circulareconomy #sustainablemanufacturing

Our co-founder David Hawes hosted this Net Zero Nation session this week, discussing Net Zero fundamentals, current legislation and regulation updates, plus carbon accounting principles. It is great to be working with the latest group of businesses who have joined the Net Zero Nation community and started their Net Zero transition. Gavin Tweedie Steven Turner Suzan Brown Sharanya Kanakaraj Ray Black Chris Williams MCIPS Francis Doherty James Napier #carbonaccounting #netzero #racetozero I

In Sha Allah I will try to add value to this Industrial Advisory Board. There are a lot of practical ideas that can be implemented to get something valuable out of it.

We're thrilled to share the latest financial achievements of Replenish Nutrients in our Q3 2023 report, released on November 29th. Despite carrying higher-cost inventory from the previous year, we're proud to announce robust revenues and margins coupled with positive operating cash flow. This success reflects our commitment to efficiency and resilience in a challenging market. As the average cost of inventory continues to decline and we scale up granulated production at our Beiseker facility, there's a clear path to positive adjusted EBITDA and operating cash flow in the future. In other exciting news, we're progressing well with the $7 million non-dilutive government grant from Emissions Reductions Alberta (ERA). Stay tuned as we submit follow-up project documentation, with the finalization subject to ERA's financing conditions and due diligence procedures. Moreover, our product development efforts have unveiled a potential new market opportunity in the higher-margin retail segment for Replenish products. Moving into the fourth quarter of 2023, we're energized by strong sales volumes, robust gross margins, and favourable weather conditions. Sales volumes have already surpassed Q3 figures, and we've successfully navigated higher-cost inventory, paving the way for higher realized margins ahead. Thank you to our dedicated team and valued stakeholders for contributing to these remarkable achievements. Together, we're shaping a sustainable and successful future for Replenish Nutrients! #Q3Results #FinancialSuccess #SustainableBusiness Learn more here: https://lnkd.in/gTr4CEpb

FMC Corporation Q2 2024 Earnings Report Exceeds Expectations - https://lnkd.in/eGn7MmPC and foremost, FMC corporation announces its Q2 2024 earnings which were above expectation and updates the outlook for the fiscal year. The firm’s strategic focus and operational excellence are reflected through its strong financial performance. Financial Highlights Revenue and Earnings Growth In this regard, for Q2 2024, FMC Corporation reported a revenue#adjusted EBITDA #agricultural sciences #crop protection #Financial Performance #FMC Corporation #Full-Year Outlook #innovation #market position #Q2 2024 earnings #Revenue Growth #Sustainability

📊 PPPPP Proper Preparation Prevents Poor Performance: Start securing your market research contracts now 📊 Market research contracts are claiming an increasing share of company budgets, with annual price adjustments and product/service tweaks. Yet, too many companies still enter negotiations blindly, hoping for fair treatment. Let's collaborate to strategize and ensure you're equipped with the best approach. As your sparring partner, I'm here to guide you through these discussions for long-term success. #MarketResearch #NegotiationTactics #Success #Preparation #niq #circana #gfk

QV Realisations Ltd Enters Administration: Impact on Lincolnshire’s Vegetable Industry Explore the implications of QV Realisations Ltd's administration filing within Lincolnshire's vegetable sector, highlighting the factors contributing to its closure and the broader impacts on local employment and industry dynamics. https://lnkd.in/eZRpzcmv

A year from now you may wish you had started today 🌟 UFP Industries (NASDAQ: UFPI) Surprises With Q2 Sales 🌟 In an inspiring turn of events, UFP Industries (NASDAQ: UFPI) has surpassed market expectations with its impressive Q2 sales results. As a seasoned investment advisor, I urge you to take immediate action to avoid the Fear of Missing Out (FOMO) on this opportunity to grow your Health Savings Account (HSA). 🔥💪 ✨ Unveiling the H2 Success Story of UFP Industries ✨ With a visionary leadership and a steadfast focus on growth, UFP Industries has demonstrated its resilience in the healthcare sector. Amidst the ever-evolving landscape of the industry, UFPI has defied expectations, achieving remarkable Q2 sales figures that have left investors astounded. 📈 Taking the Healthcare Investment Game to New Heights 🚀 By investing in UFP Industries, you align yourself with a company that is at the forefront of revolutionizing the healthcare sector. With its commitment to providing innovative solutions, UFPI stands as a promising opportunity to maximize the potential of your HSA. ⏳ Seize the Opportunity Today – Don't Let FOMO Hold You Back! ⏳ Take charge of your financial future and capitalize on the soaring success of UFP Industries. By investing in their strong growth trajectory, you can secure your HSA's longevity while contributing to the wellbeing of your family and promoting overall wellness. #hsa #investing #healthcare #health #family #wellness 💰📈🏥