UFP Technologies, Inc. is a company that specializes in the design and manufacturing of custom engineered foam, plastic, and textile solutions
The company primarily serves a variety of markets, including medical, automotive, consumer products, and industrial sectors, by providing packaging, cushioning, and other components tailored to meet specific customer needs. UFP Technologies focuses on innovation and sustainability in its products, working closely with clients to develop solutions that enhance protection, reduce waste, and improve overall performance in the intended applications. Their commitment to quality and customer satisfaction drives their operations and product development initiatives.
Shares of medical products company UFP Technologies (NASDAQUFPT)
jumped 9.9% in the afternoon session after the company delivered an encouraging quarter, surpassing analysts' expectations for revenue, EPS, and EBITDA. Sales surged 41.9% y/y, driven by strong performance in the MedTech segment, which grew 48.6%, while other markets saw a modest decline. Profitability improved as gross margins expanded to 29.2%, helping the company deliver the earnings beat.
Medical products company UFP Technologies (NASDAQUFPT) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 41.9% year on year to $144.1 million. Its GAAP profit of $2.10 per share was 5.9% above analysts’ consensus estimates.
UFP Technologies acquires AJR Enterprises for $110 million, expanding their capabilities and positioning them for growth in the safe patient handling market.
UFP Techs (NASDAQUFPT) reported its Q3 earnings results on Wednesday, November 2, 2022 at 09:07 AM. Here's what investors need to know about the announcement. Earnings UFP Techs beat estimated earnings by 44.68%, reporting an EPS of $1.36 versus an estimate of $0.94.
