Universal Forest Products (UFPI) Tops Q4 EPS by 2c, Revenues Miss
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UFP Industries Reports Record Profits for Fourth Quarter and Year
February 19, 2020 4:05 PM ESTGRAND RAPIDS, Mich., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Universal Forest Products, Inc. (n/k/a UFP Industries) Â Â (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. Â Our record profitability is the result of increased unit sales, our ability to leverage fixed costs, and increased sales of our... More
