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
Wells Fargo's two former employees have filed a lawsuit against the bank, seeking $2.6 billion, on behalf of employees affected amid the unauthorized accounts scandal. The plaintiffs are seeking class-action status for the lawsuit. Former employees Alexander Polonsky and Brian Zaghi accuse Wells Fargo of wrongful termination. Tech entrepreneur Elon Musk unveiled plans for his space transport company SpaceX to build a rocket and spacecraft designed to start a self-sustaining city on Mars. The planned rocket system would be capable of taking people to Mars and supporting a permanent city on the red planet that could be achieved within 40 to 100 years. Amazon.com Inc. is launching free same-day delivery for its Prime members in Toronto and Vancouver as the busy holiday shopping season is fast approaching. Starting Tuesday, the online retailer will offer free same-day deliveries on orders over $25 of one million items in Toronto and 700,000 items in Vancouver. These items ranges from everyday household goods to toys, electronics and luggage.
comments powered by Disqus
RELATED NEWS
Trade UFPI now with 
Follow RTT