DA Davidson Upgrades Universal Forest Products (UFPI) to Buy

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Go back to DA Davidson Upgrades Universal Forest Products (UFPI) to Buy

UFPI Reports Q3 Record Results: Net Earnings of $27.8 Million; Net Sales of $826.7 Million

October 18, 2016 5:24 PM EDT

GRAND RAPIDS, Mich., Oct. 18, 2016 (GLOBE NEWSWIRE) -- Universal Forest Products, Inc. (Nasdaq: UFPI) today announced recording-breaking 2016 third-quarter results, including net earnings attributable to controlling interests of $27.8 million, an increase of 8.9 percent over the same period of 2015. Year-to-date net earnings attributable to controlling interests were $80.4 million, up 30 percent over 2015. Earnings per diluted share were $1.36 in the third quarter of 2016, up from $1.26 in the third quarter of 2015. Net sales of $826.7 million also a record for the third quarter were up 8.4 percent over the same period of 2015.

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