Universal Forest Products (UFPI) Tops Q4 EPS by 29c, Revenues Beat

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Go back to Universal Forest Products (UFPI) Tops Q4 EPS by 29c, Revenues Beat

UFP Industries Reports Record Earnings for Fourth Quarter and Year

February 24, 2021 4:05 PM EST

GRAND RAPIDS, Mich., Feb. 24, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced record net sales and net earnings for the fourth quarter and fiscal year 2020. The company, while surpassing the $5 billion mark in annual net sales for the first time, also reported record EPS of $4.00 per diluted share for fiscal 2020, a 37 percent increase over the previous year. During the fourth quarter of fiscal 2020, net sales were $1.39 billion, a 40 percent increase over the fourth quarter of 2019, while EPS was $1.02 per diluted share, a 67 percent increase over the fourth quarter of 2019.

Despite the... More