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Dec 31, 2023
UFP Technologies Q4 2023 Earnings Report
UFP Technologies reported record results in Q4 2023, with sales and net income increasing compared to the same period in 2022.
Key Takeaways
UFP Technologies reported strong Q4 2023 results, with sales reaching $101.5 million, an 11.2% increase year-over-year, and net income of $11.6 million, up from $8.5 million in the same period last year. The company's full-year performance was also impressive, driven by organic growth and strategic acquisitions.
Q4 sales increased by 11.2% year-over-year, reaching $101.5 million.
Net income for Q4 2023 was $11.6 million, compared to $8.5 million in Q4 2022.
Full-year sales grew by 13.1% to $400.1 million.
The company increased production capacity, particularly for robotic surgery customers, and added 450 new associates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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