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Universal Forest posts 4Q profit

GRAND RAPIDS, Mich. (AP) _ Universal Forest Products Inc. (UFPI) on Wednesday reported fourth-quarter earnings of $20.8 million.

On a per-share basis, the Grand Rapids, Michigan-based company said it had profit of $1.02.

The wood and materials provider for the construction industry posted revenue of $859.6 million in the period.

For the year, the company reported profit of $101.2 million, or $4.96 per share. Revenue was reported as $3.24 billion.

Universal Forest shares have risen 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $105.44, a climb of 49 percent in the last 12 months.


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


Keywords: Universal Forest Products, Earnings Report