UFP Industries, Inc. UFPI stock jumped 35.3% in the past year, strongly outperforming the Zacks Building Products - Wood industry's rise of 6.8%. This wood and materials provider has benefited from its product and service enhancements and innovation investments. The company reported tepid second-quarter 2023 results, with earnings and revenues missing the Zacks Consensus Estimate. Due to ongoing economic uncertainty, persisting inflation and high interest rates, the declining housing demand affected the company's performance. Nonetheless, its emphasis on innovation, efficiencies, and value-added solutions helped in margin expansion in the reported quarter. Although new housing starts fluctuated throughout the quarter, the company witnessed strong demand in most of the markets it operates in. The company remains focused on expanding its business through new products and acquisitions on the back of strong cash-flow generation and balance sheet position.