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UFPI

Universal Forest

$39.99

-0.61 (-1.50%)

07:34
08/12/19
08/12
07:34
08/12/19
07:34

Universal Forest organizes structure around markets rather than geography

Universal Forest Products announced a new organizational structure that is designed to position the Company for accelerated sales and profit growth in the coming years and provide more opportunity for its employees. As of Jan. 1, 2020, the Company will be known as UFP Industries, Inc. The Company will seek to ratify the name change at its April 22, 2020, shareholder meeting. Under the new structure, also effective Jan. 1, 2020, the Company will be organized around the markets it serves rather than geography. Among other benefits, this will allow for a more specialized and consistent sales approach among all Universal companies, more efficient use of resources and capital, and quicker introduction of new products and services. UFP Industries will continue to trade under the ticker symbol UFPI. The company will be organized so that each business segment aligns with the market it currently serves: UFP Retail, UFP Construction and UFP Industrial. These segments will each consist of multiple business units led by entrepreneurial members of the UFP team. Each profit center will have a general manager who will continue to operate his or her facility to enhance customer service, create manufacturing and transportation synergies and improve overall profitability. Each of these three segments currently exceeds $1B in annual revenue. The leaders of these segments will be tasked with doubling sales and profits of their segment over the next 10 years. Those leaders include: Allen Peters, who will become the president and COO of UFP Retail, Patrick Benton, who will become president of UFP Construction, and Scott Worthington, who will become president of UFP Industrial. During a transition period, Pat Webster will maintain his duties as COO of UFPI and will take on COO responsibility for UFP Construction and UFP Industrial. Jonathan West will become executive vice president of Factory Built Housing in the construction segment. Chad Eastin will become executive vice president of ProWood.

  • 13

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MYGN

Myriad Genetics

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2.14 (9.22%)

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RDS.A

Royal Dutch Shell

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BP

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$36.27

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Exxon Mobil

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TGT

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AEO

American Eagle

$15.40

0.63 (4.27%)

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ANGI

Angi Homeservices

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MTCH

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AAPL

Apple

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MAT

Mattel

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AGR

Avangrid

$49.29

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JPM

JPMorgan

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BAC

Bank of America

$27.04

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C

Citi

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2.13 (3.47%)

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NCLH

Norwegian Cruise Line

$50.48

1.38 (2.81%)

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RM

Regional Management

$27.12

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RTN

Raytheon

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-0.42 (-0.24%)

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WEN

Wendy's

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  • 13

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BRY

Berry Petroleum

$8.59

0.39 (4.76%)

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CSWI

CSW Industrials

$70.20

1.92 (2.81%)

17:52
08/16/19
08/16
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CSW Industrials CEO sells 25K shares of common stock »

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OAS

Oasis Petroleum

$3.03

0.135 (4.66%)

17:49
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EE

El Paso Electric

$66.41

0.005 (0.01%)

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El Paso Electric director Wertheimer sells 25K shares of common stock »

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HON

Honeywell

$165.07

2.81 (1.73%)

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Honeywell CEO sells 7.1K shares of common stock »

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MBRX

Moleculin Biotech

$1.08

0.01 (0.93%)

17:37
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VIVE

Viveve

$0.13

0.0046 (3.59%)

17:35
08/16/19
08/16
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Breaking Syndicate news story on Viveve »

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PRGO

Perrigo

$46.21

0.535 (1.17%)

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  • 01

    Oct

UAL

United Continental

$82.96

1.36 (1.67%)

17:28
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United Continental director Shapiro buys 10K shares of common stock »

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  • 04

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    Sep

MBIO

Mustang Bio

$3.88

0.19 (5.15%)

17:26
08/16/19
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Breaking Syndicate news story on Mustang Bio »

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  • 04

    Sep

BCLI

BrainStorm

$3.63

0.055 (1.54%)

17:24
08/16/19
08/16
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Syndicate
Breaking Syndicate news story on BrainStorm »

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WLK

Westlake Chemical

$61.27

0.66 (1.09%)

17:15
08/16/19
08/16
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17:15
Hot Stocks
Westlake Chemical raises quarterly dividend by 5% to 26.25c per share »

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GIG

GigCapital

$10.30

(0.00%)

17:10
08/16/19
08/16
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17:10
Hot Stocks
GigCapital receives noncompliance notice from NYSE »

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