Universal Forest Products, Inc. (UFPI) announced record net earnings and net sales for the 4Q and full year 2017. 4Q 2017 EBITDA was $57 million, up 16 % compared to 4Q 2016. Net sales of $966.1 million represent a 12% increase in 4Q 2017.

木材

UFPI 4Q EBITDA up 16% to $57 million

Universal Forest Products, Inc. (UFPI) announced record net earnings and net sales for the 4Q and full year 2017. The Company posted these results in a quarter and year that had one less operational week compared to 2016. In 2016, the extra week accounted for over $60 million in net sales and over $2 million in operating profit, as the company said in the press release received by Lesprom Network.

4Q 2017 EBITDA was $57 million, up 16 % compared to 4Q 2016. Net sales of $966.1 million represent a 12% increase in 4Q 2017.

FY 2017 net sales were $3.94 billion, up 22%. Net earnings attributable to controlling interest were $119.5 million. EBITDA of $238 million, or up 13% in 2017.

“The employees of Universal did a great job managing our business through a challenging lumber market that pressured margins for our products at different periods throughout the year,” said CEO Matthew J. Missad. In 2017, average prices for framing lumber and southern yellow pine rose 20% and 7%, respectively, over 2016, but fell during the Company’s peak selling times, reducing margins on certain products.”

Universal Forest Products, Inc. is a holding company whose subsidiaries supply wood, wood composite and other products to three robust markets: retail, construction and industrial.