Universal Forest Products (UFPI) Tops Q4 EPS by 1c

Universal Forest Products (NASDAQ: UFPI) reported Q4 EPS of $0.46, $0.01 better than the analyst estimate of $0.45. Revenue for the quarter came in at $620.1 million versus the consensus estimate of $565.53 million.

“Our people continue to impress with their results. Although 2014 started slow, we were able to finish strong with double-digit growth in both sales and profits,” said CEO Matthew J. Missad. “We are seeing growth both with existing customers and with new customers as we continue to build our new product pipeline. I’m pleased that our focus on bringing new products to market resulted in approximately $150 million in new product sales in 2014.”

“In addition, we closed on five acquisitions in 2014, including two in the industrial market in the fourth quarter, which contributed positively to our results. We are committed to executing our growth strategies to drive more value for our shareholders,” Missad added.

For earnings history and earnings-related data on Universal Forest Products (UFPI) click here.

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