UFPI Releases Financials for Second Quarter

Yahoo! Finance says Universal Forest Products, Inc. (UFPI) released the following statement of earnings as a percentage of net sales, comparing Q2 2011 to Q2 2012: The company reports gross profit of 12.1% for the second quarter of 2012 versus 10.4% for the same period 2011; earnings from operations increased from 1.4% for Q2 2011 to 5.0% for the quarter ending 6-30-2012; net earnings were 3.0% for Q2 2012 as compared to 0.8% for the same period in 2011. In the manufactured housing market, gross sales were up 25% in the second quarter of 2012 over the same period of 2011, due to increased demand for HUD-Code manufactured housing, as well as demand for temporary housing related to oil and gas exploration in certain parts of the country. In their filing, the company notes its strongest sales increases were in the MH and industrial markets. MHProNews knows UFPI provides structural lumber and wood alternative products to the manufactured housing industry.

(Photo credit: Tim Saville/General Truss)

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