February 4, 2009 / 9:35 PM / 9 years ago

UPDATE 1-Universal Forest Products 4th-quarter loss narrows

* Q4 Loss $0.04 share vs loss of $0.58 share a year ago

* Q4 sales down 17.3 percent to $423.7 million

* Shares end down 2.9 percent at $20.58

NEW YORK, Feb 4 (Reuters) - Universal Forest Products Inc (UFPI.O) said on Thursday its fourth-quarter loss narrowed from year-ago levels, when results were hurt by severance costs and impairment charges.

The company posted a net loss of $793,000, or 4 cents a share, compared with a year-ago loss of $11 million, or 58 cents a share.

Quarterly net sales fell 17.3 percent to $423.7 million.

The company, which produces wood products used in the homebuilding industry, said it expects the current challenging conditions to prevail throughout 2009. (Reporting by Euan Rocha)

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