Universal Forest Products (UFPI) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $1.64 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $1.48. The company posted revenue of $872.09 million in the period, compared to analysts expectations of $903.33 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.
Universal Forest Products opened for trading at $99.48 and hit $101.995 on the upside on Monday, eventually ending the session at $100.99, with a gain of 1.20% or 1.2 points. The heightened volatility saw the trading volume jump to 1,23,584 shares. Company has a market cap of $2,050 M.
In a different news, on Mar 8, 2016, David A. Tutas (VP Legal, Gen Csl, Secty) sold 265 shares at $79.50 per share price. According to the SEC, on Oct 29, 2015, Charles Scott Greene (Exec. VP Marketing) sold 1,500 shares at $74.47 per share price. On Oct 19, 2015, Robert D Coleman (Exec Vice Pres Manufacturing) sold 2,500 shares at $71.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Universal Forest Products Inc. is a holding company. The Company capital management and administrative resources to subsidiaries that supply wood wood composite and other products to three primary markets: retail housing and construction and industrial. The Companys retail market comprises building materials sold primarily to national home center retailers retail-oriented regional lumber yards and contractor-oriented lumber yards. Its housing and construction market comprises three submarkets manufactured housing customers residential construction customers and commercial construction customers. Its industrial market is defined as industrial manufacturers and other customers for packaging material handling and other applications. The Companys segments include Eastern Western Site-Built Consumer Products Distribution and Pinelli Universal.