UFP Industries: Q1 Earnings Snapshot

April 21, 2022 GMT

GRAND RAPIDS, Mich. (AP) _ UFP Industries, Inc. (UFPI) on Thursday reported first-quarter net income of $189.7 million.

The Grand Rapids, Michigan-based company said it had profit of $3 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.

The wood and materials provider for the construction industry posted revenue of $2.49 billion in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UFPI at https://www.zacks.com/ap/UFPI