UFP Industries, Inc. (UFPI) reported a profit for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $78.75 million, or $1.30 per share. This compares with $120.79 million, or $1.96 per share, last year.
Analysts on average had expected the company to earn $1.57 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.6% to $1.595 billion from $1.638 billion last year.
UFP Industries, Inc. earnings at a glance (GAAP) :
-Earnings: $78.75 Mln. vs. $120.79 Mln. last year.
-EPS: $1.30 vs. $1.96 last year.
-Revenue: $1.595 Bln vs. $1.638 Bln last year.
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