UFP Industries, Inc. (NASDAQ:UFPI) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET

Company Participants

Dick Gauthier - Vice President, Investor Relations

Matt Missad - Chief Executive Officer

Mike Cole - Chief Financial Officer

Conference Call Participants

Julio Romero - Sidoti & Co

Kurt Yinger - D.A. Davidson

Ketan Mamtora - BMO Capital Markets

Operator

Good day, and welcome to the Q3 2023 UFP Industries, Inc. Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker, Mr. Dick Gauthier, Vice President of Investor Relations. Please go ahead, sir.

Dick Gauthier

Welcome to the third quarter 2023 conference call for UFP Industries. Hosting the call today are CEO, Matt Missad; and CFO, Mike Cole. Matt and Mike will offer prepared remarks, and then the call will be open for questions.

This conference call is available simultaneously in its entirety to all interested investors and news media through our webcast at ufpi.com. A replay will also be available at that website.

Before I turn the call over to Matt Missad, let me remind you that today's press release and presentation include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the company's expectations and projections. These risks and uncertainties include, but are not limited to those factors identified in the press release and in the filings with the Securities and Exchange Commission.

I will now turn the call over to Matt Missad.

Matt Missad

Thank you, Dick, and good morning everyone. We appreciate you joining our third quarter 2023 earnings call. The third quarter demonstrated that structural changes we made in the business have also created structural changes in our operating margin.

As we look at a more normalized pre-pandemic style economy, we are focused on structural enhancements to our business to secure our spot in the value chain, to drive profitable growth, and to create more shareholder value. The financial results of the third quarter were in line with our overall internal forecast, and we are grateful for the skill, experience and the hard work of our team. We know we have more work to do and more opportunities to drive positive change and our results.