UFPI — what changed in the latest 10-Q
A section-by-section comparison of UFPI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-06 vs the prior 10-Q · 2025-11-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +48 | −64 | ~28 | 33 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | Some risk factors updated | +1 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-06
●Our gross profits decreased by $32 million, or 12%, compared to the same period of the prior year. By segment, gross profits decreased by $13 million in Construction, $9 million in Packaging, $1 million in Retail, and $10 million in Corporate, while All Other increased $1 million. The overall decre…
●Our operating profits decreased $28 million, or 31%, compared to the first quarter of 2025. This decrease is a result of the decline in gross profits mentioned above which was partially offset by a $3 million decrease in selling, general, and administrative (“SG&A”) expenses, and a $1 million incre…
●Our cash flows used in operations were $104 million in the first three months of 2026 compared to $109 million during the first three months of 2025. The $5 million improvement resulted from a change in our investment in net working capital which was $36 million lower in 2026 than 2025, offset by a…
Finally, a Spruce Pine Fir (“SPF”) composite price, which we prepare and use, is presented below. Our purchases of this species comprise approximately 12% of our total lumber purchases.
Lumber prices in 2026 remain lower due to overall weak demand in the end markets that primarily consume softwood lumber – new housing, housing repair and remodel activity, and industrial (including packaging). Recent sequential increases are primarily due to recent mill capacity curtailments as they…
Text removed vs the prior filing · source: 10-Q · 2025-11-05
●Our gross profits decreased by $36 million, or 12%, compared to the same period of the prior year. By segment, gross profits decreased by $21 million in Construction, $13 million in Retail, $4 million in Packaging, and $1 million in All Other, partially offset by a $3 million increase in Corporate.…
●Our operating profits decreased $31 million, or 25%, compared to the third quarter of 2024. The overall decrease is a result of the decrease in gross profits mentioned above and an $8 million increase in our net loss from the impairment and disposition of certain assets and other net losses, partia…
●Our cash flows from operations was $399 million in the first nine months of 2025 compared to $498 million during the first nine months of 2024. The $99 million decline resulted from a decrease in net earnings and non-cash expenses of $79 million and an increase in our investment in net working capi…
Lumber prices in 2025 have declined since the Spring peak and September prices are lower year over year. The decline in overall lumber prices, in spite of higher duties on Canadian lumber imported to the United States, reflects the overall weak demand environment in the end markets that primarily co…
We completed two business acquisitions in fiscal 2025 and one in fiscal 2024. The annual historical sales attributable to these acquisitions are approximately $49 million. These business combinations are not significant to our quarterly results and thus proforma results for 2025 and 2024 are not pre…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-05-06
Our business is exposed to risks related to the current and potential future conflicts in the Middle East. Current and potential future developments related to the conflicts in the Middle East have had, and could continue to have, a broader impact on the global markets in which we do business. These…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice