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
Senate Republicans released a draft of their version of legislation to repeal and replace Obamacare on Thursday, with a vote on the 142-page bill expected as soon as next week. The bill, called the Better Care Reconciliation Act, repeals Obamacare's individual and employer mandates as well as the... A local cable and broadband provider in Texas has filed a lawsuit against Comcast Corp., alleging that the cable giant and its contractors drove it out of business by severing its business cable lines after it rejected Comcast's buyout offer. The lawsuit was filed last week in Harris County, Texas, court by Anthony Luna, owner of Telecom Cable LLC. John Oliver, the host of HBO's Sunday Show "Last Week Tonight," HBO and Time Warner have been sued by coal baron Robert Murray for mocking him and his coal company on the show's most recent episode. Murray had previously sent the show its first cease-and-desist letter.
comments powered by Disqus
RELATED NEWS
Trade UFPI now with 
Follow RTT