UFP Industries: Fourth Quarter Earnings Overview

UFP Industries Announces Fourth-Quarter Earnings

UFP Industries, headquartered in Grand Rapids, Michigan, revealed on Monday that it earned $40 million in profit during the fourth quarter.

The company reported earnings of 70 cents per share for the quarter.

These results did not meet analysts' forecasts, as a consensus of three analysts polled by Zacks Investment Research had anticipated earnings of $1.03 per share.

During the quarter, the supplier of wood and construction materials generated $1.33 billion in revenue.

For the full year, UFP Industries posted a total profit of $294.8 million, translating to $5 per share, with annual revenue reaching $6.32 billion.

Report compiled by Automated Insights using information from Zacks Investment Research.