Universal Forest Products (UFPI) Tops Q1 EPS by 2c

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UFP Industries Reports Record Sales and Profits for First Quarter

April 22, 2020 4:41 PM EDT

GRAND RAPIDS, Mich., April 22, 2020 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced record net sales and net earnings for the first quarter of 2020, as well as record EPS of $0.65 per diluted share, a 12 percent increase over the same period of 2019.

Our team jumped out of the gates quickly, extending our record-setting performance from 2019 while delivering an excellent first quarter, stated CEO Matthew J. Missad. The realignment we announced last year is going very well, and we are seeing additional opportunities for improvement as a result of these... More