UFP TECHNOLOGIES Reports FY2023 Second Quarter Earnings Results

August 17, 2023

🌥️Earnings Overview

UFP TECHNOLOGIES ($NASDAQ:UFPT) reported their financial results for their second quarter of FY2023, ending June 30, 2023, which showed a 6.0% year-on-year rise in total revenue to USD 100.0 million with a 33.0% increase in net income to USD 11.9 million.

Share Price

The company’s stock opened at $187.2 and closed at $182.4, down by 2.2% from its prior closing price of $186.5. Overall, UFP TECHNOLOGIES reported a mixed quarter, with some areas of growth and other areas of decline. Despite the decline in revenue and net income, the company reported strong cash flow and lower debt levels. Investors will be closely watching the company’s future performance to see if it can continue its positive momentum. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Ufp Technologies. More…

    Total Revenues Net Income Net Margin
    386 49.62 11.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Ufp Technologies. More…

    Operations Investing Financing
    22.68 1.29 -25.89
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Ufp Technologies. More…

    Total Assets Total Liabilities Book Value Per Share
    397.99 137.71 32.37
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Ufp Technologies are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    26.5% 39.9% 17.2%
    FCF Margin ROE ROA
    2.3% 16.9% 10.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale we have analysed UFP TECHNOLOGIES to assess its wellbeing. Our star chart shows that UFP TECHNOLOGIES has a high health score of 9/10 with regard to its cashflows and debt, indicating it is capable to sustain future operations in times of crisis. Additionally, UFP TECHNOLOGIES is classified as a ‘gorilla’, a type of company we conclude has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This makes UFP TECHNOLOGIES an attractive option for investors looking for promising firms with good growth prospects. In terms of other categories, UFP TECHNOLOGIES is strong in growth, profitability and medium in asset, but relatively weak in dividend. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Armm Inc, Integer Holdings Corp, Pace Medical Inc are its competitors.

    – Armm Inc ($OTCPK:ARMM)

    Fidelity National Information Services, Inc. is a financial services technology company. It provides technology solutions to the banking, payments, asset and wealth management industries. The company has a market cap of $34.19 billion and a return on equity of 5.18%.


    UFP TECHNOLOGIES reported an impressive financial performance in the second quarter of FY2023, with total revenues increasing by 6.0% and net income increasing by 33.0%. This is a positive sign for potential investors as it suggests that the company is in a solid financial position and has the potential to generate a strong return on investment. Moving forward, investors should carefully evaluate UFP TECHNOLOGIES’ performance relative to their peers in order to inform their investment decisions. Analysts should pay special attention to the company’s ability to continue to generate growth and deliver strong returns over the long term.

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