Universal Forest Products (UFPI) Tops Q4 EPS by 2c, Revenues Miss

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Go back to Universal Forest Products (UFPI) Tops Q4 EPS by 2c, Revenues Miss

UFP Industries Reports Record Profits for Fourth Quarter and Year

February 19, 2020 4:05 PM EST

GRAND RAPIDS, Mich., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Universal Forest Products, Inc. (n/k/a UFP Industries)   (Nasdaq: UFPI), today announced record net sales and profits for the fourth quarter of 2019, as well as record EPS of $2.91 per diluted share for fiscal 2019 compared to $2.40 for fiscal 2018, a 21 percent increase.

The hard-working employees of UFP Industries marked our 65th year in business by producing the best fourth quarter and year in our history, stated CEO Matthew J. Missad.  Our record profitability is the result of increased unit sales, our ability to leverage fixed costs, and increased sales of our... More