Universal Forest Products Announces Financials

According to cnnmoney.com, Universal Forest Products, Inc. (NYSE:UFPI) announced 2013 net sales of $2.5 billion, an increase of 20.2 percent over 2012, and net earnings of $43.1 million, $2.15 per diluted share, compared to net earnings in 2012 of $23.9 million, or $1.21 per diluted share. Net sales for Q4 2013 totaled 525.7 million, up 11.7 percent over the fourth quarter of 2012. Net earnings in the fourth quarter of 2013 were $8.0 million, or $.40 per diluted share, compared to a loss of $1.9 million, or ($.10) per diluted share, in the fourth quarter of 2012. Meanwhile, UFPI has decided not to pursue its recently announced intent to acquire National Fiber, a leading manufacturer of cellulose insulation located in Belchertown, Mass. As MHProNews.com has learned, the sector of the company that provides lumber to the manufactured housing industry hit sales for the year of $865.6 million, up 31.3 percent over 2012, while sales for the fourth quarter 2013 increased 14.5 percent over the same period 2012 to $203.3 million. A conference call will be held Thurs., Feb. 14 at 8:30 AM eastern standard time for analysts and institutional investors. Interested parties may listen in to the webcast at http://www.ufpi.com.

(Image credit: Universal Forest Products, Inc.)

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