UFPI

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UFPI Q1 Net Earnings Up 41%

Net sales up over 14% From Q1 in 2014 Read more

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Higher Lumber Prices Drive UFPI's 4Q 2012 Sales

Universal Forest Products Inc.'s building-material sales dipped 3.5% to $159.5 million during the fourth quarter compared with the same period a year earlier. Read more

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UFPI Refinances Debt, Will Use $35 Mln To Fund Growth
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UFPI Net Earnings Fall 69% During 2Q; Names New CEO

Net earnings at Universal Forest Products, Inc. fell 69%, compared with the same period a year ago, during the second quarter to finish at $4.3 million, the company reported. Net sales also fell 15% to $544.1 million during the quarter. The company also introduced Matthew Missad as CEO. He will replace Michael Glenn who handed in his resignation last month citing health concerns as his reason for departure. Read more

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UFPI Announces Plans to Align Costs with Current Business

Universal Forest Products Inc. announced plans to align its costs with its current business following a weak start to this year. Net sales through May were down 9.5%, to $765 million, compared with the same period in 2010. That decline includes a 15% fall in net sales to retail customers. Read more

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Universal Forest Products CEO Resigns

Universal Forest Products Inc. announced that chief executive officer Michael G. Glenn resigned "for health reasons and to make way for new leadership." Glenn will remain at the job while the board of directors evaluates candidates to take his place, UFPI said. Read more

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Universal Forest Products Slips Into 1Q Loss

Universal Forest Products slipped into a net loss of $3.7 million in the first quarter from net earnings of $1 million a year before. Sales slipped 1.5% to $387.2 million due to a rough winter, lower retail sales, and last year's rise in lumber prices. Read more

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UFPI Posts Huge 4Q Net Earnings Swing

Universal Forest Products Inc. announced net earnings of $124,000 for the fourth quarter 2010, which was a huge swing from the $663,000 loss the company took during the same period in 2009. The company also posted net sales of $378.7 million for the quarter, an increase of 12% over fourth quarter 2009's numbers. Read more

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