GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — UFP Industries, Inc. (UFPI) on Monday reported first-quarter earnings of $78.8 million.
The Grand Rapids, Michigan-based company said it had net income of $1.30 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The wood and materials provider for the construction industry posted revenue of $1.6 billion in the period.
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