UFPI Releases Q3 Financials

Universal Forest Products, Inc. (UFPI) reported an increase of 13.7 percent net sales Q3 2012 over Q3 2011, $533.4 million over $486.9 million. Due to a $2 million one time, pretax charge for a loss contingency, net earnings were $4.2 million in 2012 versus $5.6 million in the same period 2011. According to 4-traders, the company saw double-digit sales growth in four of five markets, boosted in part by higher lumber prices. In its recreational vehicle and manufactured housing sector, gross sales rose to $89 million on the quarter, a 35.5 percent increase over the same quarter last year. The report notes manufactured housing shipments increased 14.6 percent in July and 7.8 percent in Aug. 2012. As MHProNews has learned, UFPI, based in Grand Rapids, Mich., held a conference call this morning to discuss the financial results. A replay of the call will be available thru Fri., Nov. 16, 2012 at (888) 286 8010 domestically, using replay pass code 14438073. In today’s trading, UFPI closed up +0.11% at 41.91.

(Photo credit: UFPI)

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