Universal Forest Products (UFPI) Tops Q2 EPS by 16c

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Go back to Universal Forest Products (UFPI) Tops Q2 EPS by 16c

UFPI posts record net earnings, net sales; retail and construction markets lead sales gains

July 20, 2016 4:05 PM EDT

GRAND RAPIDS, Mich., July 20, 2016 (GLOBE NEWSWIRE) -- Universal Forest Products, Inc. (Nasdaq: UFPI) today reported net earnings attributable to controlling interest of $33.4 million for the second quarter of 2016, up 28.6 percent over net earnings attributable to controlling interest of $26.0 million for the same period of 2015. Second-quarter 2016 diluted earnings per share were $1.64, compared to diluted earnings per share of $1.28 for the second quarter of 2015. Net sales of $872.1 million in the second quarter of 2016 represent an increase of 4.0 percent over net sales of $838.2 for the same period of 2015. The net earnings... More