Question-and-Answer Session Operator Operator Instructions Your first question comes from Will Green for Trey Grooms – Stephens Inc. Will Green for Trey Grooms – Stephens Inc. I wanted to try to get a sense for where head count stood right now and what kind of unit sales level...
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Sales of new houses fell in September sending many builders’ stocks lower Wednesday. It seems the market wrote checks based on previous good news from the sector that the economy can’t yet cash.The US Commerce Department said new-home sales in September fell 3.6% to an annual pace of 402 000. Sales of new houses were forecast to rise to a 440 000 annual rate. Sales of new houses fell 11% in the West and 10% in the South while increasing 34% in the Midwest and remaining flat in the Northeast. Sales of new houses represent about 10% of the ...
Universal Forest Products, Inc. (UFPI) yesterday announced its third quarter results. Net earnings were $10.1 million, compared to a loss of $2.0 million in the prior-year quarter. Earnings per share stood at 51 cents versus a loss of 10 cents in the same period a year ago. The improvement in earnings reflects the company’s focus [...]
Universal Forest Products Inc. (UFPI) is moving higher as analysts upgrade earnings forecasts in anticipation of a housing bottom.
Company Description
Universal Forest Products, Inc. engages in the engineering, treatment and distribution of lumber, composite wood and plastic to “do-it yourself” to retail and industrial markets in the United States. The company was founded in 1955 and [...]
Highlighted stocks include The Boeing Company (BA), General Motors Corporation (GM), TRW Automotive Holdings Corporation (TRW), Universal Forest Products, Inc. (UFPI) and Weyerhaeuser Company (WY) Industrial production dropped 2.0% in December, following a 1.3% drop in November. (The November figure was revised sharply lower from an original indication of a 0.6%[More...]
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