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Universal Forest Products Earnings Advance 10% In Q1

Universal Forest Products (UFPI) announced a profit for its first quarter that increased from last year.

The company said its bottom line climbed to $21.06 million, or $1.03 per share. This was higher than $19.21 million, or $0.95 per share, in last year's first quarter.

Analysts had expected the company to earn $1.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 24.0% to $846.13 million. This was up from $682.15 million last year.

Universal Forest Products earnings at a glance:

-Earnings (Q1): $21.06 Mln. vs. $19.21 Mln. last year.
-Earnings Growth (Y-o-Y): 9.6%
-EPS (Q1): $1.03 vs. $0.95 last year.
-EPS Growth (Y-o-Y): 8.4%
-Analysts Estimate: $1.03
-Revenue (Q1): $846.13 Mln vs. $682.15 Mln last year.
-Revenue Change (Y-o-Y): 24.0%

by RTTNews Staff Writer

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