| Segment Reporting |
The tables below are presented in thousands: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 28, 2026 | | | | | | | | | | | | All | | | | | | | | | Retail | | Packaging | | Construction | | Other | | Corporate | | Total | Net sales to outside customers | | $ | 531,176 | | $ | 394,093 | | $ | 465,513 | | $ | 68,505 | | $ | 1,980 | | $ | 1,461,267 | Intersegment net sales | | | 71,066 | | | 26,151 | | | 18,740 | | | 57,449 | | | (173,406) | | | — | Cost of goods sold | | | 450,614 | | | 333,745 | | | 387,896 | | | 56,782 | | | (3,659) | | | 1,225,378 | Gross Profit | | | 80,562 | | | 60,348 | | | 77,617 | | | 11,723 | | | 5,639 | | | 235,889 | Selling, general, administrative expenses | | | 56,046 | | | 45,203 | | | 61,826 | | | 8,978 | | | 830 | | | 172,883 | Net loss (gain) on disposition and impairment of assets | | | 68 | | | (170) | | | 13 | | | 1 | | | (1,564) | | | (1,652) | Other losses (gains), net | | | 55 | | | — | | | 423 | | | 106 | | | (7) | | | 577 | Earnings from operations | | | 24,393 | | | 15,315 | | | 15,355 | | | 2,638 | | | 6,380 | | | 64,081 | Interest expense | | | 31 | | | 2 | | | — | | | (278) | | | 2,868 | | | 2,623 | Interest and investment income | | | (101) | | | — | | | (3) | | | (1,451) | | | (3,878) | | | (5,433) | Equity in (earnings) loss of investee | | | — | | | 38 | | | — | | | (91) | | | — | | | (53) | Interest and other | | | (70) | | | 40 | | | (3) | | | (1,820) | | | (1,010) | | | (2,863) | Earnings before income taxes | | | 24,463 | | | 15,275 | | | 15,358 | | | 4,458 | | | 7,390 | | | 66,944 | Income taxes | | | 5,791 | | | 3,616 | | | 3,635 | | | 904 | | | 1,901 | | | 15,847 | Net earnings | | $ | 18,672 | | $ | 11,659 | | $ | 11,723 | | $ | 3,554 | | $ | 5,489 | | $ | 51,097 | Other significant items: | | | | | | | | | | | | | | | | | | | Amortization expense | | $ | 836 | | $ | 2,103 | | $ | 675 | | $ | 1,640 | | $ | 116 | | $ | 5,370 | Depreciation expense | | | 7,757 | | | 8,316 | | | 6,774 | | | 1,010 | | | 11,228 | | | 35,085 | Segment assets | | | 1,030,002 | | | 782,613 | | | 649,184 | | | 333,828 | | | 1,236,187 | | | 4,031,814 | Capital expenditures | | | 28,072 | | | 11,375 | | | 6,305 | | | 1,237 | | | 1,276 | | | 48,265 |
| | | | | | | | | | | | | | | | | | | | | Three Months Ended March 29, 2025 | | | | | | | | | | | | All | | | | | | | | | Retail | | Packaging | | Construction | | Other | | Corporate | | Total | Net sales to outside customers | | $ | 607,383 | | $ | 410,008 | | $ | 515,940 | | $ | 60,298 | | $ | 1,890 | | $ | 1,595,519 | Intersegment net sales | | | 64,645 | | | 23,714 | | | 26,561 | | | 90,484 | | | (205,404) | | | — | Cost of goods sold | | | 526,088 | | | 340,434 | | | 425,140 | | | 49,666 | | | (14,005) | | | 1,327,323 | Gross Profit | | | 81,295 | | | 69,574 | | | 90,800 | | | 10,632 | | | 15,895 | | | 268,196 | Selling, general, administrative expenses | | | 55,355 | | | 47,769 | | | 62,784 | | | 8,462 | | | 1,884 | | | 176,254 | Net loss (gain) on disposition and impairment of assets | | | 24 | | | 32 | | | 120 | | | — | | | (252) | | | (76) | Other (gains) losses, net | | | (218) | | | — | | | 80 | | | (54) | | | (42) | | | (234) | Earnings from operations | | | 26,134 | | | 21,773 | | | 27,816 | | | 2,224 | | | 14,305 | | | 92,252 | Interest expense | | | 30 | | | 3 | | | — | | | (333) | | | 2,969 | | | 2,669 | Interest and investment income | | | (90) | | | — | | | (1) | | | (308) | | | (10,718) | | | (11,117) | Equity in loss (earnings) of investee | | | — | | | 325 | | | — | | | (306) | | | — | | | 19 | Interest and other | | | (60) | | | 328 | | | (1) | | | (947) | | | (7,749) | | | (8,429) | Earnings before income taxes | | | 26,194 | | | 21,445 | | | 27,817 | | | 3,171 | | | 22,054 | | | 100,681 | Income taxes | | | 5,531 | | | 4,528 | | | 5,873 | | | 669 | | | 4,657 | | | 21,258 | Net earnings | | $ | 20,663 | | $ | 16,917 | | $ | 21,944 | | $ | 2,502 | | $ | 17,397 | | $ | 79,423 | Other significant items: | | | | | | | | | | | | | | | | | | | Amortization expense | | $ | 957 | | $ | 2,179 | | $ | 702 | | $ | 1,601 | | $ | 378 | | $ | 5,817 | Depreciation expense | | | 7,310 | | | 8,897 | | | 6,191 | | | 944 | | | 9,599 | | | 32,941 | Segment assets | | | 995,830 | | | 812,033 | | | 659,478 | | | 341,947 | | | 1,340,998 | | | 4,150,286 | Capital expenditures | | | 32,308 | | | 25,260 | | | 6,428 | | | 614 | | | 2,658 | | | 67,268 |
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| Schedule of net sales by business unit |
The following table presents our disaggregated net sales by business unit for each segment for the three months ended March 28, 2026, and March 29, 2025 (in thousands): | | | | | | | | | Three Months Ended | | | March 28, | | March 29, | | | 2026 | | 2025 | Retail | | | | | | | ProWood | | $ | 440,748 | | $ | 514,278 | Deckorators | | | 68,670 | | | 65,612 | UFP Edge | | | 21,758 | | | 27,493 | Total Retail | | $ | 531,176 | | $ | 607,383 | | | | | | | | Packaging | | | | | | | Structural Packaging | | $ | 249,293 | | $ | 255,982 | PalletOne | | | 124,186 | | | 134,219 | Protective Packaging | | | 20,614 | | | 19,807 | Total Packaging | | $ | 394,093 | | $ | 410,008 | | | | | | | | Construction | | | | | | | Factory Built | | $ | 193,384 | | $ | 217,219 | Site-Built | | | 150,870 | | | 190,617 | Commercial | | | 73,243 | | | 63,720 | Concrete Forming | | | 48,016 | | | 44,384 | Total Construction | | $ | 465,513 | | $ | 515,940 | | | | | | | | All Other | | $ | 68,505 | | $ | 60,298 | | | | | | | | Corporate | | $ | 1,980 | | $ | 1,890 | | | | | | | | Total Net Sales | | $ | 1,461,267 | | $ | 1,595,519 |
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