Earnings release
Page 1
Exhibit 99.1 UFP Industries Announces Second Quarter 2026 Results GRAND RAPIDS, MI (July 29, 2026) - UFP Industries, Inc. (Nasdaq: UFPI) a leading manufacturer focused on delivering value-added products across its Retail, Packaging, and Construction segments reported results for the second quarter 2026. ● Net Sales of $1.88 billion increased by 3 percent compared to $1.84 billion a year ago due to a 1 percent increase in organic units (excluding growth from acquisitions within the last 12 months) and a 2 percent increase due to acquisitions. ● Diluted earnings per share of $1.48 compared to $1.70 a year ago, and Net Earnings Attributable to Controlling Interests of $83 million compared to $101 million a year ago. Earnings were primarily impacted by higher freight costs while a weaker residential construction market was offset by improvements in other business units. ● Adjusted EBITDA1 was $154.5 million in the quarter, or 8.2 percent of net sales compared to $174.1 million, or 9.5 percent of net sales a year ago, as transportation costs increased by 1.6 percent as a percent of net sales. ● Cash flows from operating activities in the first six months of 2026 was $61 million. Cash used to invest in seasonal working capital requirements during the first six months totaled almost $170 million and is expected to be converted to cash by the beginning of the fourth quarter. Free cash flow1 of $198 million for the first six months of 2026 was used to repurchase nearly $142 million of our shares. Will Schwartz, President and CEO of UFP Industries, commented, “As we’ve discussed in prior quarters, we are seeing stabilization across the majority of our portfolio, and we believe our second quarter results reflect the progress we have made to strengthen our business and structurally improve our operations. The business environment remains challenging with geopolitical tensions, a weak housing market, rising input costs, and most recently, elevated transportation costs. We are actively managing these short-term disruptions while investing in initiatives that will improve our margin profile and drive above-market growth over the long term. We remain focused on the factors under our control and we are on track to deliver the remaining $25 million or more from our initial $60 million cost out program by year end. We also continue to strengthen our core businesses through organic investments and strategic M&A, positioning the company for long-term growth and returns as markets recover.” Schwartz continued, “Our balanced approach to our business has helped us navigate this uncertain environment while driving strong performance relative to market conditions. We continue to invest strategically by expanding geographically, improving operational efficiencies, and introducing innovative value-added products. To that point, the investments we’ve made to grow our Surestone products helped sales increase 37 percent from year ago levels, and our backlog remains robust. We also completed three acquisitions in the quarter that complement our core business and our M&A pipeline remains active. We will continue to make these investments in a targeted manner, while returning more of our free cash flow to shareholders through dividends and share repurchases. With $1.9 billion in liquidity at quarter end, we are confident in our ability to create shareholder value through prudent capital allocation.” 1 Represents a non-GAAP measurement; see the reconciliation of non-GAAP financial measures and related explanations below. Page 1
Page 2
Exhibit 99.1 Second Quarter 2026 Highlights UFP Consolidated (In thousands) Quarter Period Year to Date 2026 2025 % Change 2026 2025 % Change Net sales $ 1,882,937 $ 1,835,374 2.6 %$ 3,344,204 $ 3,430,893 (2.5)% Net earnings 83,171 100,871 (17.5) 134,268 180,294 (25.5) Net margin 4.4 % 5.5 % 4.0 % 5.3 % Adjusted EBITDA 154,480 174,147 (11.3) 265,836 316,298 (16.0) Adjusted EBITDA margin 8.2 % 9.5 % 7.9 % 9.2 % Percentage change in net sales: Organic units 1 % (3)% Acquisitions 2 1 Selling prices — — ● Net sales increased 3 percent in the quarter, driven primarily by acquisitions, as well as organic volume improvements in our Deckorators, Structural Packaging, Protective Packaging, Concrete Forming, and Commercial business units. ● Freight costs as a percent of net sales have increased by 1.6 percent, or $27 million, net of fuel surcharges and price adjustments, compared to year ago levels. The increase was driven by higher market-based transportation rates as a result of tightening industry capacity and elevated fuel costs. Freight spot rates rose over 30 percent during the quarter, surpassing the rate of increase experienced during the COVID period, before stabilizing at an elevated level toward the end of the quarter. Industry-wide changes resulted in constrained carrier capacity, as smaller carriers have exited the market, which contributed to the higher rates. ● New product sales were 8.4 percent of total net sales compared to 6.5 percent a year ago, highlighting continued progress in expanding the portfolio of higher value-added products. UFP Retail (In thousands) Quarter Period Year to Date 2026 2025 % Change 2026 2025 % Change Net sales $ 818,743 $ 788,224 3.9 %$ 1,349,919 $ 1,395,607 (3.3)% Net earnings 37,018 41,128 (10.0) 55,690 61,791 (9.9) Net margin 4.5 % 5.2 % 4.1 % 4.4 % Adjusted EBITDA 63,934 63,978 (0.1) 98,766 99,827 (1.1) Adjusted EBITDA margin 7.8 % 8.1 % 7.3 % 7.2 % Percentage change in net sales: Organic units (1)% (6)% Acquisitions 2 1 Selling prices 3 2 ● ProWood organic unit sales declined 1 percent in the quarter from year ago levels, reflecting weaker consumer sentiment amid continued macroeconomic and geopolitical uncertainty. However, there have been favorable impacts from volume since the first quarter of 2026, reflecting gradually improving demand. ● Deckorators’ organic unit sales grew 9 percent in the quarter from year ago levels. Our Surestone decking sales increased 37 percent and our traditional wood plastic composite decking increased 85 percent, partially offset by railings which declined 17 percent, from the same quarter a year ago. Our current backlog of ordered but unshipped Surestone decking is approximately $30 million as we continue to make progress optimizing capacity. The MoistureShield acquisition contributed a 51 percent increase in wood plastic composite decking sales. ● UFP Edge organic unit sales declined 17 percent due to the closure of the Bonner facilities at the end of 2025 and rationalizing the product portfolio to those that can achieve profitability targets.
Page 3
● Adjusted EBITDA was unchanged in the quarter from year ago levels primarily due to higher transportation costs that were $17 million higher than last year. In the quarter, we were able to offset these headwinds through improved gross profits in Prowood from more favorable lumber price trends, UFP Edge from the restructuring of this business unit, and Deckorators primarily from favorable increases in volume. Page 2
Page 4
Exhibit 99.1 UFP Packaging (In thousands) Quarter Period Year to Date 2026 2025 % Change 2026 2025 % Change Net sales $ 458,245 $ 428,669 6.9 %$ 852,338 $ 838,677 1.6 % Net earnings 11,315 20,633 (45.2) 22,974 37,550 (38.8) Net margin 2.5 % 4.8 % 2.7 % 4.5 % Adjusted EBITDA 27,933 38,796 (28.0) 55,723 73,841 (24.5) Adjusted EBITDA margin 6.1 % 9.1 % 6.5 % 8.8 % Percentage change in net sales: Organic units 4 % - % Acquisitions 4 3 Selling prices (1) (1) ● Structural Packaging organic unit sales grew 8 percent in the quarter compared to year ago levels. ● PalletOne organic unit sales declined 3 percent in the quarter from year ago levels due to weaker demand, which was offset by a 12 percent contribution from acquisitions. ● Protective Packaging organic unit sales increased 15 percent in the quarter from a year ago levels as a result of the Jeffersonville, Indiana facility, which became fully operational in the third quarter of 2025. ● Adjusted EBITDA declined 28 percent in the quarter from year ago levels primarily due to higher transportation costs in each business unit, lower gross profits in PalletOne, and startup costs associated with new greenfield locations in Protective Packaging. UFP Construction (In thousands) Quarter Period Year to Date 2026 2025 % Change 2026 2025 % Change Net sales $ 526,777 $ 551,590 (4.5)%$ 992,290 $ 1,067,530 (7.0)% Net earnings 19,631 27,563 (28.8) 31,354 49,507 (36.7) Net margin 3.7 % 5.0 % 3.2 % 4.6 % Adjusted EBITDA 36,045 45,480 (20.7) 61,732 82,790 (25.4) Adjusted EBITDA margin 6.8 % 8.2 % 6.2 % 7.8 % Percentage change in net sales: Organic units (2)% (4)% Acquisitions 1 1 Selling prices (3) (4) ● Site Built organic unit sales declined 3 percent in the quarter from year ago levels reflecting softer demand driven by affordability challenges and economic uncertainty, which resulted in lower housing starts. ● Factory Built organic unit sales declined 6 percent in the quarter from year ago levels due to the loss of lower margin commodity sales, partially offset by a 1 percent contribution from acquisitions. Industry production has declined by 8 percent. ● Concrete Forming Solutions’ organic unit sales grew 6 percent in the quarter from year ago levels driven by market share gains associated with value-added product sales. ● Commercial organic sales grew 11 percent in the quarter from year ago levels as overall demand has improved and as the business unit continues to gain market share. ● Adjusted EBITDA declined 21 percent in the quarter from year ago levels primarily due to lower gross profits in Site Built from macroeconomic pressures and competitive pricing, partially offset by improved gross profits in Commercial and Concrete Forming. Page 3
Page 5
Exhibit 99.1 Capital Structure, Leverage and Liquidity Information UFP Industries maintains a strong balance sheet and as of June 27, 2026, had liquidity of approximately $1.9 billion consisting of over $597 million of Cash and cash equivalents and $1.3 billion of remaining availability under its revolving credit facility and a shelf agreement with certain lenders. The company’s return-focused approach to capital allocation includes the following: ● Organic Growth. The company invests in organic growth opportunities when acquisition targets are not available at valuations that will allow us to meet or exceed targeted return rates. The company expects to invest approximately $175 million to $200 million on capital projects for the balance of 2026. ● Acquisitions and Inorganic Growth. During the second quarter, the company closed three transactions, expanding production capacity and expanding its geographic reach in its core businesses. On April 6, 2026, the company acquired the operating assets of the composite decking manufacturing facility of MoistureShield, Inc., a leading player in the growing wood plastic composite industry, for $55 million in cash. The acquisition expands our manufacturing capacity to meet the growing demand for our Deckorators product offering. In 2025, MoistureShield had sales of approximately $50 million. On May 4, 2026, the company acquired the operating assets of John Rock, Inc., a leading manufacturer of new pallets, for $47 million in cash. In 2025, John Rock had sales of approximately $86 million. On May 18, 2026, the company acquired the operating assets of Berry Pallets, Inc., a wood pallet manufacturer, for $20 million in cash. In 2025, Berry Pallets had sales of approximately $23 million. ● Dividend Payments. On July 22, 2026, the Board declared a quarterly cash dividend of $0.36 per share. This dividend is payable on September 15, 2026, to shareholders of record on September 1, 2026. The per share cash dividend amount represents a 3% increase from the 2025 dividend rate. We continue to consider our payout ratio and yield when determining the appropriate dividend rate and have a long-term objective of increasing our dividend in line with our future earnings and free cash flow growth. ● Share Repurchases. During the first six months of 2026, we repurchased a total of 1,669,770 shares for $141.8 million, at an average share price of $84.95. On May 29, 2026, our board authorized a new repurchase plan for up to $300 million worth of our shares through April 30, 2027. This authorization supersedes and replaces our prior authorizations. As of July 29, 2026, approximately $273 million remain available under this latest repurchase authorization. 2026 Outlook and Long-Term Targets Our full year 2026 outlook remains unchanged. We continue to expect overall demand for the balance of the year to be toward the lower end of our prior guidance of flat to slightly down unit expectations in each of our segments based on our sales mix. Input costs, primarily energy and transportation, are expected to remain elevated, and while we have mechanisms to offset these costs, we expect recovery to be gradual through the remainder of the year. Demand tied to new residential construction is expected to remain challenging, while stabilization across most other end markets should partially offset that pressure. Despite these conditions, we believe we are positioned to perform better than our markets through share gains across our portfolio and continued execution of our cost-out program. In addition, initial stocking orders, upgraded manufacturing capacity, and expanded distribution are expected to support continued momentum in our Deckorators’ Surestone business. The company’s long-term goals remain unchanged and include: 1) achieving 7-10 percent unit sales growth annually (including bolt-on acquisitions) with at least 10 percent of all sales coming from new products; 2) achieving 12.5 percent adjusted EBITDA margins; 3) earning an incremental return on new investments over our hurdle rate; and 4) maintaining a conservative capital structure. Conference Call UFP Industries will host a conference call on Thursday, July 30, 2026, to discuss these results and outlook. The conference call will begin at 10:00 a.m. Eastern Time and will be hosted by CEO Will Schwartz and CFO Michael Cole. Interested investors can access the webcast directly with this link (here). A replay of the call will
Page 6
be available through the UFP Investor Relations website at www.ufpinvestor.com for at least 90 days following the call. Page 4
Page 7
Exhibit 99.1 UFP Industries, Inc. UFP Industries, Inc. is a holding company whose operating subsidiaries – UFP Packaging, UFP Construction and UFP Retail – manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended, that are based onmanagement’s beliefs, assumptions, current expectations, estimates and projections about the markets we serve, the economy and the Company itself.Words like “anticipates,” “believes,” “confident,” “estimates,” “expects,” “forecasts,” “likely,” “plans,” “projects,” “should,” variations of suchwords, and similar expressions identify such forward-looking statements. These statements do not guarantee future performance and involve certainrisks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. The Company doesnot undertake to update forward-looking statements to reflect facts, circumstances, events, or assumptions that occur after the date the forward-lookingstatements are made. Actual results could differ materially from those included in such forward-looking statements. Investors are cautioned that allforward-looking statements involve risks and uncertainty. Among the factors that could cause actual results to differ materially from forward-lookingstatements are the following: fluctuations in currency and inflation; fluctuations in the price of lumber; adverse or unusual weather conditions; adverseeconomic conditions in the markets we serve; changes in tariffs, import/export regulations, and other trade policies; concentration of sales to customers;the success of vertical integration strategies; excess capacity or supply chain challenges; inbound and outbound transportation costs; alternatives toreplace treated wood products; government regulations, particularly involving environmental and safety regulations; our ability to make successfulbusiness acquisitions; cybersecurity breaches; and potential pandemics. Certain of these risk factors as well as other risk factors and additionalinformation are included in the Company's reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission. Non-GAAP Financial Information This release includes certain financial information not prepared in accordance with U.S. GAAP. Because not all companies calculate non-GAAPfinancial information identically (or at all), the presentations herein may not be comparable to other similarly titled measures used by other companies.Management uses Adjusted EBITDA and Free cash flow, non-GAAP financial measures, in order to evaluate historical and ongoing operations.Management believes that these non-GAAP financial measures are useful in order to enable investors to perform meaningful comparisons of historicaland current performance. Adjusted EBITDA and Free cash flow are intended to supplement and should be read together with the financial results.Adjusted EBITDA and Free cash flow should not be considered alternatives or substitutes for, and should not be considered superior to, the reportedfinancial results. Accordingly, users of this financial information should not place undue reliance on the non-GAAP financial measures. See the tablebelow for a reconciliation of Net earnings to Adjusted EBITDA and a reconciliation of Cash flow from operations to Free cash flow. Adjusted EBITDA margin is a non-GAAP financial measure. In calculating adjusted EBITDA, we make certain adjustments, including for share-basedcompensation expense, net gains or losses on the disposition and impairment of assets, and impairment of intangible assets. The most directlycomparable GAAP financial measure is net earnings as a percentage of net sales (net margin). For the six months ended June 27, 2026, our net marginwas 4.0 percent, and our adjusted EBITDA margin, calculated as described above, was 7.9 percent. We have not provided a quantitative reconciliation ofthe forward-looking adjusted EBITDA margin target to the most directly comparable GAAP measure because certain reconciling items and certaindiscrete tax items cannot be reasonably predicted due to the long-term nature of this target and the inherent variability and uncertainty of such items.These items could individually or in the aggregate be significant to the difference between adjusted EBITDA margin and the comparable GAAP measure. # # # ---------------AT THE COMPANY--------------- Stanley Elliott Director of Investor Relations (804) 337-8217 Page 5
Page 8
Exhibit 99.1 CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE AND SIX MONTHS ENDED JUNE 2026/2025 Quarter Period Year to Date (In thousands, except per share data) 2026 2025 2026 2025 Net sales $ 1,882,937 100.0% $ 1,835,374 100.0% $ 3,344,204 100.0% $ 3,430,893 100.0% Cost of sales 1,592,702 84.6 1,522,640 83.0 2,818,080 84.3 2,849,963 83.1 Gross profit 290,235 15.4 312,734 17.0 526,124 15.7 580,930 16.9 Operating expenses Selling, general and administrative expenses 185,720 9.9 184,995 10.1 358,603 10.7 361,249 10.5 Net loss (gain) on disposition and impairments of assets 302 — 3,830 0.2 (1,350) — 3,754 0.1 Other losses, net 797 — 818 — 1,374 — 584 — Total operating expenses 186,819 9.9 189,643 10.3 358,627 365,587 Earnings from operations 103,416 5.5 123,091 6.7 167,497 5.0 215,343 6.3 Interest and other (9,446) (0.5) (8,854) (0.5) (12,309) (0.4) (17,283) (0.5) Earnings before income taxes 112,862 6.0 131,945 7.2 179,806 5.4 232,626 6.8 Income taxes 29,691 1.6 31,074 1.7 45,538 1.4 52,332 1.5 Net earnings 83,171 4.4 100,871 5.5 134,268 4.0 180,294 5.3 Less net earnings attributable to noncontrolling interest (299) — (137) — (622) — (807) — Net earnings attributable to controlling interest $ 82,872 4.4 $ 100,734 5.5 $ 133,646 4.0 $ 179,487 5.2 Earnings per share - basic $ 1.48 $ 1.70 $ 2.38 $ 2.99 Earnings per share - diluted $ 1.48 $ 1.70 $ 2.37 $ 2.99 Comprehensive income $ 82,922 $ 112,609 $ 133,116 $ 195,213 Less comprehensive income attributable to noncontrolling interest (825) (1,754) (1,083) (2,391) Comprehensive income attributable to controlling interest $ 82,097 $ 110,855 $ 132,033 $ 192,822 Page 6
Page 9
Exhibit 99.1 CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS BY SEGMENT (UNAUDITED) FOR THE THREE MONTHS ENDED JUNE 2026/2025 Quarter Period 2026 (In thousands) Retail PackagingConstructionAll OtherCorporate Total Net sales $ 818,743$ 458,245$ 526,777$ 76,927$ 2,245 $ 1,882,937 Cost of sales 704,096 397,886 436,449 64,058 (9,787) 1,592,702 Gross profit 114,647 60,359 90,328 12,869 12,032 290,235 Selling, general and administrative expenses 62,717 45,580 63,930 10,088 3,405 185,720 Net loss (gain) on disposition and impairments of assets 1,780 106 37 74 (1,695) 302 Other losses, net 404 — 129 243 21 797 Earnings from operations 49,746 14,673 26,232 2,464 10,301 103,416 Interest and other (368) (818) (397) (5,413) (2,450) (9,446) Earnings before income taxes 50,114 15,491 26,629 7,877 12,751 112,862 Income taxes 13,096 4,176 6,998 1,663 3,758 29,691 Net earnings $ 37,018$ 11,315 $ 19,631$ 6,214 $ 8,993 $ 83,171 Quarter Period 2025 (In thousands) Retail PackagingConstructionAll OtherCorporate Total Net sales $ 788,224$ 428,669$ 551,590$ 65,026$ 1,865 $ 1,835,374 Cost of sales 674,484 358,087 451,401 51,789 (13,121) 1,522,640 Gross profit 113,740 70,582 100,189 13,237 14,986 312,734 Selling, general and administrative expenses 58,642 43,148 63,727 10,398 9,080 184,995 Net loss (gain) on disposition and impairments of assets 1,083 1,225 211 2,616 (1,305) 3,830 Other losses (gains), net 536 — 191 302 (211) 818 Earnings from operations 53,479 26,209 36,060 (79) 7,422 123,091 Interest and other (54) (795) — (2,512) (5,493) (8,854) Earnings before income taxes 53,533 27,004 36,060 2,433 12,915 131,945 Income taxes 12,405 6,371 8,497 419 3,382 31,074 Net earnings $ 41,128$ 20,633$ 27,563$ 2,014 $ 9,533 $ 100,871 Page 7
Page 10
Exhibit 99.1 CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS BY SEGMENT (UNAUDITED) FOR THE SIX MONTHS ENDED JUNE 2026/2025 Year to Date 2026 (In thousands) Retail PackagingConstructionAll OtherCorporate Total Net sales $ 1,349,919$ 852,338$ 992,290$ 145,432$ 4,225 $ 3,344,204 Cost of sales 1,154,710 731,631 824,345 120,840 (13,446) 2,818,080 Gross profit 195,209 120,707 167,945 24,592 17,671 526,124 Selling, general and administrative expenses 118,763 90,783 125,756 19,066 4,235 358,603 Net loss (gain) on disposition and impairments of assets 1,848 (64) 50 75 (3,259) (1,350) Other losses, net 459 — 552 349 14 1,374 Earnings from operations 74,139 29,988 41,587 5,102 16,681 167,497 Interest and other (438) (778) (400) (7,233) (3,460) (12,309) Earnings before income taxes 74,577 30,766 41,987 12,335 20,141 179,806 Income taxes 18,887 7,792 10,633 2,567 5,659 45,538 Net earnings $ 55,690$ 22,974$ 31,354$ 9,768 $ 14,482$ 134,268 Year to Date 2025 (In thousands) Retail PackagingConstructionAll OtherCorporate Total Net sales $ 1,395,607$ 838,677$ 1,067,530$ 125,324$ 3,755 $ 3,430,893 Cost of sales 1,200,572 698,521 876,541 101,455 (27,126) 2,849,963 Gross profit 195,035 140,156 190,989 23,869 30,881 580,930 Selling, general and administrative expenses 113,997 90,917 126,511 18,860 10,964 361,249 Net loss (gain) on disposition and impairments of assets 1,107 1,257 331 2,616 (1,557) 3,754 Other losses (gains), net 318 — 271 248 (253) 584 Earnings from operations 79,613 47,982 63,876 2,145 21,727 215,343 Interest and other (114) (467) (1) (3,459) (13,242) (17,283) Earnings before income taxes 79,727 48,449 63,877 5,604 34,969 232,626 Income taxes 17,936 10,899 14,370 1,088 8,039 52,332 Net earnings $ 61,791$ 37,550$ 49,507$ 4,516 $ 26,930$ 180,294 Page 8
Page 11
Exhibit 99.1 RECONCILIATION OF NET EARNINGS TO ADJUSTED EBITDA BY SEGMENT (UNAUDITED) FOR THE THREE MONTHS ENDED JUNE 2026/2025 Quarter Period 2026 (In thousands) Retail PackagingConstructionAll OtherCorporate Total Net earnings $ 37,018$ 11,315 $ 19,631$ 6,214 $ 8,993 $ 83,171 Interest and other (368) (818) (397) (5,413) (2,450) (9,446) Income taxes 13,096 4,176 6,998 1,663 3,758 29,691 Expenses associated with share-based compensation arrangements 1,582 1,745 2,462 117 1,092 6,998 Net loss (gain) on disposition and impairments of assets 1,780 106 (14) 74 (1,695) 251 Impairment of intangibles — — 51 — — 51 Depreciation expense 9,907 9,308 6,640 853 11,573 38,281 Amortization of intangibles 919 2,101 674 1,673 116 5,483 Adjusted EBITDA $ 63,934$ 27,933$ 36,045$ 5,181 $ 21,387$ 154,480 Net earnings as a percentage of net sales 4.5% 2.5% 3.7% 8.1% * 4.4% Adjusted EBITDA as a percentage of net sales 7.8% 6.1% 6.8% 6.7% * 8.2% * Not meaningful Quarter Period 2025 (In thousands) Retail PackagingConstructionAll OtherCorporate Total Net earnings $ 41,128$ 20,633$ 27,563$ 2,014 $ 9,533 $ 100,871 Interest and other (54) (795) — (2,512) (5,493) (8,854) Income taxes 12,405 6,371 8,497 419 3,382 31,074 Expenses associated with share-based compensation arrangements 867 1,617 2,175 174 3,976 8,809 Net loss (gain) on disposition and impairments of assets 1,083 1,225 211 2,616 (1,305) 3,830 Gain from reduction of estimated earnout liability — (1,511) — — — (1,511) Depreciation expense 7,592 9,090 6,330 1,109 9,879 34,000 Amortization of intangibles 957 2,166 704 1,671 430 5,928 Adjusted EBITDA $ 63,978$ 38,796$ 45,480$ 5,491 $ 20,402$ 174,147 Net earnings as a percentage of net sales 5.2% 4.8% 5.0% 3.1% * 5.5% Adjusted EBITDA as a percentage of net sales 8.1% 9.1% 8.2% 8.4% * 9.5% * Not meaningful Page 9
Page 12
Exhibit 99.1 RECONCILIATION OF NET EARNINGS TO ADJUSTED EBITDA BY SEGMENT (UNAUDITED) FOR THE SIX MONTHS ENDED JUNE 2026/2025 Year to Date 2026 (In thousands) Retail PackagingConstructionAll OtherCorporate Total Net earnings $ 55,690$ 22,974$ 31,354$ 9,768 $ 14,482$ 134,268 Interest and other (438) (778) (400) (7,233) (3,460) (12,309) Income taxes 18,887 7,792 10,633 2,567 5,659 45,538 Expenses associated with share-based compensation arrangements 3,360 3,971 5,332 229 2,578 15,470 Net loss (gain) on disposition and impairments of assets 1,848 (64) (1) 75 (3,259) (1,401) Impairment of intangibles — — 51 — — 51 Depreciation expense 17,664 17,624 13,414 1,863 22,801 73,366 Amortization of intangibles 1,755 4,204 1,349 3,313 232 10,853 Adjusted EBITDA $ 98,766$ 55,723$ 61,732$ 10,582$ 39,033$ 265,836 Net earnings as a percentage of net sales 4.1% 2.7% 3.2% 6.7% * 4.0% Adjusted EBITDA as a percentage of net sales 7.3% 6.5% 6.2% 7.3% * 7.9% * Not meaningful Year to Date 2025 (In thousands) Retail PackagingConstructionAll OtherCorporate Total Net earnings $ 61,791$ 37,550$ 49,507$ 4,516 $ 26,930$ 180,294 Interest and other (114) (467) (1) (3,459) (13,242) (17,283) Income taxes 17,936 10,899 14,370 1,088 8,039 52,332 Expenses associated with share-based compensation arrangements 2,291 3,781 5,000 438 8,860 20,370 Net loss (gain) on disposition and impairments of assets 1,107 1,257 331 2,616 (1,557) 3,754 Gain from reduction of estimated earnout liability — (1,511) (344) — — (1,855) Depreciation expense 14,902 17,987 12,521 2,053 19,478 66,941 Amortization of intangibles 1,914 4,345 1,406 3,272 808 11,745 Adjusted EBITDA $ 99,827$ 73,841$ 82,790$ 10,524$ 49,316$ 316,298 Net earnings as a percentage of net sales 4.4% 4.5% 4.6% 3.6% * 5.3% Adjusted EBITDA as a percentage of net sales 7.2% 8.8% 7.8% 8.4% * 9.2% * Not meaningful Page 10
Page 13
Exhibit 99.1 CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) JUNE 2026/2025 (In thousands) Assets 2026 2025 Liabilities and equity 2026 2025 Current assets Current liabilities Cash and cash equivalents$ 597,263 $ 841,930 Accounts payable $ 292,979 $ 258,784 Restricted cash 1,604 1,061 Accrued liabilities and other 259,004 257,212 Investments 46,330 32,021 Current portion of debt 5,493 5,122 Accounts receivable 731,092 687,332 Inventories 748,504 722,232 Total current liabilities 557,476 521,118 Other current assets 94,349 82,929 Long-term debt and finance lease obligations 228,758 229,181 Total current assets 2,219,142 2,367,505Other liabilities 258,702 173,373 Other assets 323,382 289,347 Temporary equity 485 5,253 Intangible assets, net 481,563 494,495 Property, plant and equipment, net 1,080,777 946,041 Shareholders' equity 3,059,443 3,168,463 Total assets $ 4,104,864$ 4,097,388Total liabilities and equity$ 4,104,864$ 4,097,388 Page 11
Page 14
Exhibit 99.1 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED JUNE 2026/2025 (In thousands) 2026 2025 Cash flows from operating activities: Net earnings $ 134,268 $ 180,294 Adjustments to reconcile net earnings to net cash from operating activities: Depreciation 73,366 66,941 Amortization of intangibles 10,853 11,745 Expense associated with share-based and grant compensation arrangements 15,470 20,370 Deferred income taxes (2,443) (226) Unrealized gain on investment and other (4,036) (654) Impairment of investments 4,000 — Equity in earnings of investee (979) (794) Net (gain) loss on sale, disposition and impairment of assets (1,401) 3,754 Impairment of intangibles 51 — Gain from reduction of estimated earnout liability — (1,855) Changes in: Accounts receivable (245,592) (184,404) Inventories (2,324) 2,461 Accounts payable 86,514 32,887 Accrued liabilities and other (7,102) (17,381) Net cash from operating activities 60,645 113,138 Cash flows used in investing activities: Capital expenditures (86,576) (129,752) Proceeds from sale of property, plant and equipment 11,711 3,694 Acquisitions and purchases of non-controlling interest, net of cash received (122,008) (15,706) Purchases of investments (19,825) (16,873) Proceeds from sale of investments 10,801 7,467 Other 1,862 1,591 Net cash used in investing activities (204,035) (149,579) Cash flows used in financing activities: Borrowings under revolving credit facilities 23,703 13,357 Repayments under revolving credit facilities (19,033) (12,814) Contingent consideration payments and other (1,939) (221) Proceeds from issuance of common stock 1,241 1,294 Dividends paid to shareholders (40,390) (41,978) Distributions to noncontrolling interest (1,082) (285) Purchase of remaining noncontrolling interest of subsidiary (3,937) — Payments to taxing authorities in connection with shares directly withheld from employees (1,391) (9,560) Repurchase of common stock (140,457) (251,933) Other 52 (198) Net cash used in financing activities (183,233) (302,338) Effect of exchange rate changes on cash 419 2,176 Net change in cash and cash equivalents (326,204) (336,603) All cash and cash equivalents, beginning of period 925,071 1,179,594 All cash and cash equivalents, end of period $ 598,867 $ 842,991 Reconciliation of cash and cash equivalents and restricted cash: Cash and cash equivalents, beginning of period $ 914,199 $ 1,171,828 Restricted cash, beginning of period 10,872 7,766 All cash and cash equivalents, beginning of period $ 925,071 $ 1,179,594 Cash and cash equivalents, end of period $ 597,263 $ 841,930 Restricted cash, end of period 1,604 1,061 All cash and cash equivalents, end of period $ 598,867 $ 842,991 Page 12
Page 15
Exhibit 99.1 RECONCILIATION OF NET CASH FROM OPERATING ACTIVITIES TO FREE CASH FLOW (UNAUDITED) FOR THE SIX MONTHS ENDED JUNE 2026/2025 (In thousands) 2026 2025 Net cash from operating activities $ 60,645 $ 113,138 Increase in investment in net working capital 168,504 166,437 Maintenance capital expenditures(1) (34,640) (47,622) Interest expense, net of taxes 3,458 4,173 Free cash flow $ 197,967 $ 236,126 (1) Breakdown of Capital expenditures from the condensed consolidated statements of cash flows: Maintenance capital expenditures $ 34,640 $ 47,622 Expansionary and efficiency capital expenditures 51,936 82,130 Total Capital expenditures $ 86,576 $ 129,752 Page 13