QUOTE AND NEWS
DailyFinance  Apr 14  Comment 
How desperate can a deck get? That’s what ProWood, the leader in professional-grade treated lumber, wants to know. ProWood, a brand of Universal Forest Products, Inc. (Nasdaq: UFPI), is giving desperate deck owners across...
Benzinga  Apr 2  Comment 
Universal Forest Products, Inc. (NASDAQ: UFPI) today announced that one of its subsidiaries has purchased certain assets of High Level Components, LLC, a building component manufacturer based in Locust, N.C. The transaction closed on March 31,...
DailyFinance  Mar 31  Comment 
Universal Forest Products, Inc. (NASDAQ: UFPI) today announced that one of its subsidiaries has purchased a 50 percent ownership interest in Upshur Forest Products, LLC, which owns sawmill operations in Gilmer, Texas. The...
SeekingAlpha  Feb 13  Comment 
Universal Forest Products (UFPI) Q4 2013 Earnings Call February 13, 2014 8:30 am ET Executives Lynn Afendoulis - Director of Corporate Communications Matthew J. Missad - Chief Executive Officer and Director Michael R. Cole - Chief...
DailyFinance  Jan 15  Comment 
Universal Forest Products Inc. (NASDAQ: UFPI) today announced that one of its subsidiaries has agreed to purchase the assets of National Fiber, a leading manufacturer of cellulose insulation located in Belchertown, Mass., that...
Market Intelligence Center  Nov 20  Comment 
Universal Forest (UFPI) presents a trading opportunity that offers a 3.22% return in just 59 days. A covered call on Universal Forest at the $50.00 level expiring on Jan. '14 offers an assigned return rate of 3.22% or 19.92% annualized. This...
Benzinga  Oct 18  Comment 
In a report published Friday, Sterne Agee analyst Jay McCanless downgraded the rating on Universal Forest Products (NASDAQ: UFPI) from Buy to Neutral, but reiterated the $47.00 price target. In the report, Sterne Agee noted, “We are...
StreetInsider.com  Oct 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Universal+Forest+Products+%28UFPI%29+Tops+Q3+EPS+by+17c/8783460.html for the full story.
Benzinga  Oct 8  Comment 
Universal Forest Products (NASDAQ: UFPI) today announced that one of its subsidiaries has agreed to purchase certain assets of SE Panel and Lumber Supply, a South Daytona, Fla.-based distributor of Olympic Panel® overlay concrete forming panels...
Market Intelligence Center  Oct 8  Comment 
After Monday’s trading in Universal Forest (UFPI) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 7.12% or 25.49% (for comparison purposes only), while providing 6.86% downside...




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Headquartered in Grand Rapids, Michigan, Universal Forest Products, Inc. (UFPI) engineers, manufacturers, treats, distributes, and installs lumber, composite wood, plastic and other building products to the do-it-yourself (DIY), site-built construction (homebuilders), manufactured housing, and industrial markets. The company has approximately 8,000 employees across approximately 100 locations in North America. In the DIY market, the company sells dimensional lumber, composite wood, and plastic products to national home center retailers, such as Home Depot and Lowes, retail-oriented lumberyards, and contractor-oriented lumberyards. The proximity of its regional facilities to customers reduces lead times, increases turnarounds, and generates a competitive advantage relative to peers. By the end of the third quarter of 2007, sales to the DIY segment/market totaled 41% of net sales (39% of Q307 sales), up from 37% in the same period a year ago (35% of Q306 sales).

Universal Forest Products manufactures building products for the site-built construction market as well. The company sells engineered wood components, such as roof and floor trusses, wall panels, and I-joists and lumber packages to small and large residential homebuilders as well as multi-family and commercial builders. Management plans to expand manufacturing capacity, increase framing capabilities, and develop a national presence. By the end of the third quarter of 2007, sales to this segment/market totaled 22% of net sales (23% of Q307 sales), down from 29% in the same period a year ago (30% of Q306 sales). Site built revenue made up a lower percentage of total revenue on account of the plunge in U.S housing starts. We expect other business units, such as Industrial, to pick-up the slack.

The Industrial segment sells products to industrial manufacturers that use pallets, crates, and wooden boxes for shipping, packaging, and material handling purposes. By the end of the third quarter of 2007, sales to this segment/market totaled 22% of net sales (22% of Q307 sales), up from 20% in the same period a year ago (21% of Q306 sales). The Manufactured Housing market segment comprises the mobile, modular, and prefrabricated builders. The company sells roof trusses, plywood, particle board, and dimensional lumber to its customers. By the end of the third quarter of 2007, sales to this segment/market totaled 15% of net sales (16% of Q307 sales), up from 14% in the same period a year ago (14% of Q306 sales).




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