Universal Forest Products®, Inc. Honored as 'Michigan Superstar 10 Company'
GRAND RAPIDS, Mich., Dec. 1 /PRNewswire/ -- Universal Forest Products® (Nasdaq: UFPI) was honored as one of Michigan's top 10 performing companies at the seventh annual "Michigan Superstar 10" reception sponsored by Raymond James and Associates, Crain's Detroit Business, and WWJ Newsradio 950.
Compiled from a list of top 50 stocks in Michigan, the "Superstar 10" companies were chosen based on combined rankings, which measure one-year total return, 1998 net-income growth, 1998 revenue growth, and 1998 return on equity. Governor John Engler delivered the keynote address and made the company presentations.
"We are honored to be included in this outstanding group of companies, and especially gratified to be ranked fifth out of fifty Michigan companies," said William G. Currie, UFPI's chief executive officer. "Our performance is a direct reflection on the dedication and hard work of our management team and employees."
Universal Forest Products® markets include pressure treated and manufactured products for DIY retail home centers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market, and specialty wood packaging for various industries. For information about Universal Forest Products® on the Internet, please contact the company's investor relations web site at www.ufpi.com , or call 1-888-Buy-UFPI.
Included in this report are certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are based on the beliefs of the Company's management as well as on assumptions made by and information currently available to the Company at the time such statements were 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. These risk factors and additional information are included in the company's reports on Form 10K and 10Q on file with the Securities and Exchange Commission.
SOURCE Universal Forest Products
CONTACT: Charles R. Felix, Sr. V.P. Development, Elizabeth A. Nickels, Chief Financial Officer, 616-364-6161, both of Universal Forest Products; or General, Tad Gage, 312-640-6745, or Analysts, Claire Koeneman, 312-640-6784, both of The Financial Relations Board/