Content about Matthew J. Missad

July 17, 2014

A more stable lumber market boosted the second-quarter performance of Universal Forest Products, even as the company was forced to pay higher duties for Chinese nails. 

Universal reported second-quarter net earnings of $21.8 million, up 38.1% over net earnings of $15.8 million for the second quarter of 2013. Net sales were $773 million, up 4.6% from $738 million in the same quarter last year.

April 17, 2014

Universal Forest Products, Inc. announced its first-quarter 2014 results Wednesday, which showed marked improvement in bottom-line earnings but relatively stagnant revenues.

Net sales for the quarter came in at $554.0 million, barely changed since last year's $554.5 million. Net earnings for the peiod came in at $7.2 million, which is up 38% year-over-year.

February 13, 2014

Universal Forest Products, Inc. made a strong comeback in the fourth quarter of 2013, with net sales and earnings up considerably across the board.

Fourth-quarter net sales for the company were $525.7 million, up 11.7% year-over-year. Net sales for the year were $2.5 billion, a 20.2% improvement.

Meanwhile, net earnings for the quarter swung to a profit of $8.0 million after a loss of $1.9 million in the fourth quarter of 2012. For the year, net earnings nearly doubled, with 2013's $43.1 million beating out 2012's $23.9 million.

July 19, 2013

Universal Forest Products (UFP) reported 2013 second-quarter net sales of $738.4 million, a 24.4% increase over 2012 second-quarter net sales of $593.7 million.

The company saw significant double-digit gains in each of its five markets, but net earnings declined 10.8% to $15.8 million in the quarter.

January 4, 2013

Universal Forest Products closed on the acquisition of Custom Caseworks, a high-precision business-to-business manufacturer of engineered wood products.

"Custom Caseworks is a proven manufacturer and distributor with a reputation for superior products and service, and we're pleased to add them to the Universal portfolio of companies," said Universal Forest Products CEO Matthew J. Missad.