Posted 四月 29, 2016
Apr 29, 2016. /Lesprom Network/. Universal Forest Products, Inc. (UFPI) announced 1Q net earnings attributable to controlling interest of $19.2 million, up 89% over the same period of 2015. Net sales for the 1Q were $682.2 million, up 7.8% over the 1Q 2015, as the company said in the press release received by Lesprom Network.
“The record-breaking results we have enjoyed since the 3Q 2015 are a testament to the outstanding efforts of our people and the strategies we have implemented to grow and improve the business,” said CEO Matt Missad.
The 1Q sales growth is attributable to increases in the Company’s retail and construction markets, which grew 17% and 9.3%, respectively, despite a 12% decline in year-over-year lumber prices in the 1Q.
Universal Forest Products, Inc. is a holding company that provides capital, management and administrative resources to subsidiaries in three robust markets: retail, construction and industrial.