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Universal narrows loss margin

Published: May 18, 2009

Universal Forest Products, Inc. (Nasdaq: UFPI) recently announced a loss of $1.2 million, or ($0.06) per diluted share, on net sales of $361.7 million for the first quarter of 2009. That favorably compares to a loss of $4.6 million, or ($0.24) per diluted share, on net sales of $489.5 million for the first quarter of 2008. First quarter 2009 sales results reflect a lumber market composite price that was 19% lower than the previous year, which impacted selling prices; weak consumer spending; and the ongoing challenges of a depressed economy.

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