Universal Forest Products (Nasdaq: UFPI) reported earnings on July 17. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Universal Forest Products beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share contracted.

Margins dropped across the board.

Revenue details
 Universal Forest Products tallied revenue of $738.4 million. The one analyst polled by S&P Capital IQ looked for net sales of $714.8 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $593.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.79. The two earnings estimates compiled by S&P Capital IQ averaged $0.67 per share. GAAP EPS of $0.79 for Q2 were 10% lower than the prior-year quarter's $0.88 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 10.9%, 120 basis points worse than the prior-year quarter. Operating margin was 3.7%, 10 basis points worse than the prior-year quarter. Net margin was 2.1%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $632.2 million. On the bottom line, the average EPS estimate is $0.49.

Next year's average estimate for revenue is $2.43 billion. The average EPS estimate is $1.53.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 79 members out of 101 rating the stock outperform, and 22 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Universal Forest Products a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Forest Products is buy, with an average price target of $46.00.

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