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Article: UFPI earns $0.51 per share in 3rd quarter 2009; compares to a $0.10 loss in 3rd quarter 2008.(Financial report)
- Article from:
- Business Wire
- Article date:
- October 15, 2009
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Focus on Business Basics is Yielding Results; Balance Sheet Remains Strong
Sales Affected by Continued Weak Economy and Soft Lumber Market
GRAND RAPIDS, Mich. -- Universal Forest Products, Inc. (Nasdaq: UFPI) today announced net earnings of $10.1 million for the third quarter of 2009, which compares to a loss of
$2.0 million in the third quarter of 2008. Diluted earnings per share of $0.51 in the third quarter of 2009 compare with a loss of $0.10 per diluted share for the same period of 2008. Net sales for the third quarter of 2009 were $457.8 million; net sales in the third quarter of 2008 were $610.7 million. The improved earnings reflect the ...