UFP Industries: Q1 Earnings Snapshot

GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — UFP Industries, Inc. (UFPI) on Tuesday reported first-quarter profit of $120.8 million.

The Grand Rapids, Michigan-based company said it had profit of $1.96 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.

The wood and materials provider for the construction industry posted revenue of $1.64 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.68 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

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