Universal Forest Products Earnings Advance 29% In Q2

(RTTNews) - Universal Forest Products (UFPI) announced a profit for its second quarter that increased compared to the same period last year.

The company said its bottom line rose to $33.40 million, or $1.64 per share. This was up from $25.98 million, or $1.28 per share, in last year's second quarter.

Analysts had expected the company to earn $1.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.0% to $872.09 million. This was up from $838.17 million last year.

Universal Forest Products earnings at a glance:

-Earnings (Q2): $33.40 Mln. vs. $25.98 Mln. last year. -Earnings Growth (Y-o-Y): 28.6% -EPS (Q2): $1.64 vs. $1.28 last year. -EPS Growth (Y-o-Y): 28.1% -Analysts Estimate: $1.48 -Revenue (Q2): $872.09 Mln vs. $838.17 Mln last year. -Revenue Change (Y-o-Y): 4.0%