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Dec 31, 2021
UFP Technologies Q4 2021 Earnings Report
Reported net income and sales increase compared to the same period last year, with acquisitions expected to position the company for long-term success.
Key Takeaways
UFP Technologies reported a solid Q4 2021 with sales increasing to $56.3 million compared to $45.2 million in Q4 2020. Net income for the quarter was $3.2 million, or $0.42 per diluted share, compared to $4.2 million, or $0.55 per diluted share, in the same period of 2020. The company completed two acquisitions in Q4 and made progress on new operations in Tijuana, Mexico.
Q4 2021 sales increased to $56.3 million from $45.2 million in Q4 2020.
Q4 2021 net income was $3.2 million, or $0.42 per diluted share, compared to $4.2 million, or $0.55 per diluted share, in Q4 2020.
Two acquisitions were completed in Q4 2021 to enhance value to medical customers and expand factory locations.
Progress was made in setting up new operations in Tijuana, Mexico, expected to be operational by Q2.
Forward Guidance
The company anticipates robust pent-up demand, the impact of newly-acquired entities, and additional acquisition opportunities to drive future growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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