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Stock impact report

UFP Technologies Announces 2018 Results

UFP Technologies, Inc. (UFPT) 
Last ufp technologies, inc. earnings: 3/4 08:35 am Check Earnings Report
US:NASDAQ Investor Relations: ufpt.com/investors
Company Research Source: GlobeNewswire
NEWBURYPORT, Mass., March 06, 2019 (GLOBE NEWSWIRE) -- UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $14.3 million or $1.93 per diluted common share outstanding for its year ended December 31, 2018, compared to net income of $9.2 million or $1.26 per diluted common share outstanding for 2017. Sales for 2018 were $190.5 million compared to 2017 sales of $147.8 million. For its fourth quarter ended December 31, 2018, the Company reported net income of $4.4 million or $0.59 per diluted common share outstanding, compared to net income of $2.7 million or $0.37 per diluted common share outstanding in the same period of 2017. Sales for the fourth quarter 2018 were $50.7 million versus 2017 fourth quarter sales of $37.2 million. "I am pleased with our 2018 results and with our progress executing our strategic plan," said R. Jeffrey Bai Show less Read more
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