The 2020 Mid-Year Economic Update_long

Universal Forest Products Sales Up 24% in First Quarter

Profit up 9.6 percent year-over-year.

Universal Forest Products Inc. (Nasdaq: UFPI), Grand Rapids, MI, reported sales for the first quarter of $846.1 million, up 24 percent over the same period a year ago. Profit increased 9.6 percent to $21 million.

First quarter sales in the company’s retail ($311.8 million) and industrial ($277.2 million) businesses improved year-over-year, with increases of 15 percent and 37 percent, respectively. Sales for the construction ($267.8 million) business increased 21 percent

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