Universal Forest Products (UFPI) Tops Q4 EPS by 7c, Miss on Revenues

Note: EPS may not be comparable

Universal Forest Products (NASDAQ: UFPI) reported Q4 EPS of $0.51, $0.07 better than the analyst estimate of $0.44. Revenue for the quarter came in at $966.1 million versus the consensus estimate of $970.07 million.

Fourth Quarter 2017 Highlights (comparisons on a year-over-year basis, 13 weeks over 14 weeks):

• Diluted earnings per share were $0.51, an increase of 50 percent
• Net earnings attributable to controlling interest were $31.1 million, up 50 percent; changes to the corporate tax rate contributed $6.4 million or 10 cents per diluted share. Even excluding the tax benefit, net earnings for the quarter and year were records.
• EBITDA of $57 million, up 16 percent
• Net sales of $966.1 million represent a 12 percent increase
• Unit sales accounted for 5 percent of the Company’s gross sales growth due to acquired businesses; price increases accounted for almost 8 percent

For earnings history and earnings-related data on Universal Forest Products (UFPI) click here.

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