UFPI reports record net earnings
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Universal Forest Products (UFPI) Tops Q2 EPS by 7c, Revenues Miss
July 24, 2019 4:09 PM EDTUniversal Forest Products (NASDAQ: UFPI) reported Q2 EPS of $0.88, $0.07 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.32 billion.
Second Quarter 2019 Highlights (comparisons on a year-over-year basis):
Operating profit of $74.2 million was up 22 percent and net earnings of $54.5 million was up 24 percentEBITDA of $90.8 million was up 18 percentNet sales of $1.24 billion represented a 4 percent decrease; lower lumber prices contributed... More