logo
Share SHARE
FONT-SIZE Plus   Neg

Universal Forest Products Swings To Q1 Profit

Universal Forest Products, Inc. (UFPI) reported net income for the first quarter of $4.2 million or $0.21 per share, compared to a net loss of $3.7 million or $0.19 per share for the year-ago quarter.

Analysts polled by Thomson Reuters expected the company to earn $0.03 per share for the first quarter.

Net sales for the first quarter rose 18% to $457.11 million from $387.23 million a year ago. Net sales increased in each of the Company's five markets, with double-digit increases in four.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon-owned Twitch plans to start selling game downloads from players' live broadcasts. The platform will allow its around 17,000 game-broadcasting partners to sell games and in-game content directly from their pages when they are live-streaming gameplay, starting this spring. Women's specialty-clothing retailer J. Jill Inc. said it has launched an initial public offering of 11.67 million shares of its common stock. All shares are being sold by an existing stockholder and J. Jill will not receive any proceeds from the offering. Long queues at peak dining hours at Wendy's may be a history, as the company is planning to introduce automated self ordering kiosks at its more than 1000 retail locations by this year end. The automation will also help in cutting labor costs.
comments powered by Disqus
RELATED NEWS
Trade UFPI now with 
Follow RTT