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 $186.5. Overall, UFP TECHNOLOGIES reported a mixed quarter, with some areas of growth and other areas of decline. Despite the decline in revenue and net income, the company reported strong cash flow and lower debt levels. Investors will be closely watching the company’s future performance to see if it can continue its positive momentum. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ufp Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 386 | 49.62 | 11.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ufp Technologies. More…
| Operations | Investing | Financing |
| 22.68 | 1.29 | -25.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ufp Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 397.99 | 137.71 | 32.37 |
Key Ratios Snapshot
Some of the financial key ratios for Ufp Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.5% | 39.9% | 17.2% |
| FCF Margin | ROE | ROA |
| 2.3% | 16.9% | 10.4% |
Analysis
At GoodWhale we have analysed UFP TECHNOLOGIES to assess its wellbeing. Our star chart shows that UFP TECHNOLOGIES has a high health score of 9/10 with regard to its cashflows and debt, indicating it is capable to sustain future operations in times of crisis. Additionally, UFP TECHNOLOGIES is classified as a ‘gorilla’, a type of company we conclude has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This makes UFP TECHNOLOGIES an attractive option for investors looking for promising firms with good growth prospects. In terms of other categories, UFP TECHNOLOGIES is strong in growth, profitability and medium in asset, but relatively weak in dividend. More…
Peers
Armm Inc, Integer Holdings Corp, Pace Medical Inc are its competitors.
– Armm Inc ($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%.
Summary
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.
Related Posts
Recent Posts
