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Stock impact report

UFP Technologies Announces Record Q3 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., Nov. 01, 2018 (GLOBE NEWSWIRE) -- UFP Technologies, Inc.  (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials, today reported net income of $4.1 million or $0.56 per diluted common share outstanding for its third quarter ended September 30, 2018, more than double net income of $1.7 million or $0.23 per diluted common share outstanding for the same period in 2017.  Sales for the third quarter were $47.8 million, 34% higher than third quarter sales of $35.7 million in 2017.  Net income for the nine-month period ended September 30, 2018 was $9.9 million or $1.34 per diluted common share outstanding compared to $6.5 million or $0.89 per diluted common share outstanding for the same period in 2017.  Sales for the nine-month period ended September 30, 2018 were $139.8 million compared to sales of $110.6 million for the same period in 2017. “I am very pleased with our results and continuing progress,” said R. Show less Read more
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