UFP Technologies Announces Strong Q1 Results
UFP Technologies reported Q1 net sales of $154.2 million, up 4.1% year-over-year, driven by a 5.9% increase in medical sales that offset a 15% decline in non-medical revenue. Net income increased 1.8% to $17.5 million, with GAAP EPS of $2.24, though earnings growth lagged sales due to start-up costs and labor inefficiencies.
Key figures
- Eps
- 2.24
- Revenue
- 154200000
- Revenue Yoy
- 4.1%
- Net income
- 17500000
- Adjusted eps
- 2.48
- Organic sales growth
- 0.4%
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