UFPI to Report Q2 Earnings Report

IstockAnalyst tells MHProNews.com Universal Forest Products, Inc. (UFPI) is anticipated by Wall Street to announce a $0.71 per share earnings report for second quarter, 2012 before the market opens Fri. July 20 with a conference by management immediately following. But iStockAnalyst‘s Rich Bieglmeier expects the report will be $0.84 per share because UFPI has a history of surprises. The company has posted gains of 6.8%, 10.3%, and 26% in three of the last four quarters. One possible barrier may be the increase in the price of lumber in the second quarter, but the author says the company manages its inventory well. UFPI supplies the manufactured housing industry with wood and wood alternative products.

(Photo credit: Tim Saville/General Truss)

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