UFP: Q4 Financial Results Overview

UFP Technologies Reports Strong Fourth Quarter Results

UFP Technologies Inc., headquartered in Newburyport, Massachusetts, announced a net profit of $17.6 million for the fourth quarter.

The company’s earnings translated to $2.25 per share, with adjusted earnings—excluding certain one-time items—reaching $2.44 per share.

These results exceeded analysts’ expectations, as the consensus forecast from three Zacks Investment Research analysts was $2.26 per share.

During the quarter, the packaging and component manufacturing firm generated $148.9 million in revenue.

For the full year, UFP Technologies reported a total profit of $68.3 million, or $8.75 per share, on revenues amounting to $602.8 million.