UFP Industries: Q4 Earnings Snapshot

GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — UFP Industries, Inc. (UFPI) on Tuesday reported fourth-quarter net income of $132.6 million.

The Grand Rapids, Michigan-based company said it had net income of $2.10 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.

The wood and materials provider for the construction industry posted revenue of $1.91 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.83 billion.

For the year, the company reported profit of $692.7 million, or $10.97 per share. Revenue was reported as $9.63 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UFPI at https://www.zacks.com/ap/UFPI

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up