GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — UFP Industries, Inc. (UFPI) on Tuesday reported fourth-quarter earnings of $103.4 million.

The Grand Rapids, Michigan-based company said it had profit of $1.62 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.

The wood and materials provider for the construction industry posted revenue of $1.52 billion in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.75 billion.

For the year, the company reported profit of $514.3 million, or $8.07 per share. Revenue was reported as $7.22 billion.

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