UFP Industries, Inc. (NASDAQ:UFPI) Q2 2024 Earnings Conference Call July 30, 2024 9:00 AM ET

Company Participants

Dick Gauthier - Vice President of Communications and Investor Relations
Matt Missad - Chief Executive Officer and Chairman
Mike Cole - Chief Financial Officer and Treasurer

Conference Call Participants

Reuben Garner - Benchmark
Kurt Yinger - D.A. Davidson
Ketan Mamtora - BMO Capital Markets
Stanley Elliot - Stifel
Jay McCanless - Wedbush

Operator

Good day and welcome to the Q2 2024 UFP Industries, Inc. Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. [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 second quarter 2024 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 taking the time to listen to our second quarter results and to hear what our plans are for the balance of the year and beyond. The second quarter was generally in line with expectations and our team was able to roll with the changes in the economy and in the demand. I'd like to thank them for their excellent work. If the last couple of months are any indication, we will need to follow Bowie's advice to turn and face the strange changes. Factors such as a stranger-than-fiction election season, a Fed which like an adrenaline-fueled Olympian may have over-rotated on the landing with the higher for longer interest rates, and an eye-popping federal debt will cause further economic concerns.