Universal Forest: 1Q Earnings Snapshot

GRAND RAPIDS, Mich. (AP) _ Universal Forest Products Inc. (UFPI) on Wednesday reported first-quarter profit of $35.5 million.

On a per-share basis, the Grand Rapids, Michigan-based company said it had profit of 58 cents.

The wood and materials provider for the construction industry posted revenue of $1.02 billion in the period.

Universal Forest shares have risen 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.17, a decline of nearly 5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UFPI at https://www.zacks.com/ap/UFPI

Categories: Business News