Universal Forest Products Earnings Advance 10% In Q1

(RTTNews) - Universal Forest Products (UFPI) announced a profit for its first quarter that increased from last year.

The company said its bottom line climbed to $21.06 million, or $1.03 per share. This was higher than $19.21 million, or $0.95 per share, in last year's first quarter.

Analysts had expected the company to earn $1.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 24.0% to $846.13 million. This was up from $682.15 million last year.

Universal Forest Products earnings at a glance:

-Earnings (Q1): $21.06 Mln. vs. $19.21 Mln. last year. -Earnings Growth (Y-o-Y): 9.6% -EPS (Q1): $1.03 vs. $0.95 last year. -EPS Growth (Y-o-Y): 8.4% -Analysts Estimate: $1.03 -Revenue (Q1): $846.13 Mln vs. $682.15 Mln last year. -Revenue Change (Y-o-Y): 24.0%