UFP Industries Reports Record Net Earnings for Second Quarter

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Go back to UFP Industries Reports Record Net Earnings for Second Quarter

Universal Forest Products (UFPI) Tops Q2 EPS by 50c, Revenues Beat

July 22, 2020 4:13 PM EDT

Universal Forest Products (NASDAQ: UFPI) reported Q2 EPS of $1.08, $0.50 better than the analyst estimate of $0.58. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.08 billion.

Second Quarter 2020 Highlights (comparisons on a year-over-year basis):

Earnings from operations of $92.4 million were up 24 percent, and net earnings attributable to controlling interest of $66.5 million were up 22 percentEBITDA of $110.4 million increased by 22 percentNet sales of $1.24 billion; higher lumber prices contributed 3 percent in net sales which was substantially offset by a 3 percent... More