Earnings per diluted share were $1.26 in Q3 of 2015, up from $0.96 in the same period of 2014. Net sales of $762.3 million for the third quarter were up 6.8 percent over the same period of 2014. Year-to-date sales of new products by the end of the third quarter totaled $181.2 million versus $143.6 million for the same period last year. The Company intends to produce $250 million in annual new product sales by the end of 2017.
Retail gross sales hit $295.3 million, an increase of 9.2 percent over Q3 2014 results. Industrial sales were up 10.9 percent over the same period of 2014 to $236.0 million. And, construction sales rose 0.7 percent over Q3 2014 to $241.8 million.
UFPI is a component supplier to the manufactured home industry. MHProNews covers its daily stock report. The stock closed at $6104 in today’s (Oct. 14) trading.
UFPI will conduct a conference call hosted by CEO Matthew J. Missad and CFO Michael Cole Thursday morning, 8:30, Oct 15. The call will be available to analysts and institutional investors domestically at (877) 703-6105 and internationally at (857) 244-7304. Use conference pass code 12126975. ##
(Photo credit: Universal Forest Products, Inc.)
