Forbes names Universal Forest Products (UFPI) the Best Performing Company in Michigan
June 29 2016 - 5:06PM
Universal Forest Products, Inc. (Nasdaq:UFPI) has been named by
Forbes magazine as the best performing company in Michigan, based
on total returns. For the rating, Forbes tracked every
publicly traded company, selecting the top performer in each of the
50 U.S. states by evaluating their returns from June 8, 2015, to
June 8, 2016 (with the exception of companies that did not trade
for the entire period). Universal had a total rate of return
of 65.6 percent.
“We’re grateful for the recognition of the hard work of our
people, who create success at the Universal family of companies,”
said CEO Matthew J. Missad. “We know this is just a point in time,
and we continue to be focused on creating new products and services
in order to keep delivering good returns for our shareholders,
employees and all of our stakeholders.”
UNIVERSAL FOREST PRODUCTS, INC.
(NASDAQ:UFPI)Universal Forest Products, Inc. is a holding company
that provides capital, management and administrative resources to
subsidiaries in three robust markets: retail, construction and
industrial. Founded in 1955, the Company is headquartered in Grand
Rapids, Mich., with affiliates throughout North America and
Australia. It posted annual net sales of $2.9 billion in 2015. For
more about Universal Forest Products, go to www.ufpi.com.
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act, as
amended, that are based on management’s beliefs, assumptions,
current expectations, estimates and projections about the markets
we serve, the economy and the Company itself. Words like
“anticipates,” “believes,” “confident,” “estimates,” “expects,”
“forecasts,” “likely,” “plans,” “projects,” “should,” variations of
such words, and similar expressions identify such forward-looking
statements. These statements do not guarantee future performance
and involve certain risks, uncertainties and assumptions that are
difficult to predict with regard to timing, extent, likelihood and
degree of occurrence. The Company does not undertake to update
forward-looking statements to reflect facts, circumstances, events,
or assumptions that occur after the date the forward-looking
statements are made. Actual results could differ materially from
those included in such forward-looking statements. Investors are
cautioned that all forward-looking statements involve risks and
uncertainty. Among the factors that could cause actual results to
differ materially from forward-looking statements are the
following: fluctuations in the price of lumber; adverse or unusual
weather conditions; adverse economic conditions in the markets we
serve; government regulations, particularly involving environmental
and safety regulations; and our ability to make successful business
acquisitions. Certain of these risk factors as well as other risk
factors and additional information are included in the Company's
reports on Form 10-K and 10-Q on file with the Securities and
Exchange Commission.
---------------AT THE COMPANY---------------
Lynn Afendoulis
Director, Corporate Communications
(616) 365-1502
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