Detail akcie UFP Tech online

Business Summary: UFP Technologies, Inc. is a designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other engineered custom products. The Company’s single-use and single-patient devices and components are used in a range of medical devices and packaging for minimally invasive surgery, infection prevention, surfaces and support, wound care, wearables, orthopedic soft goods, and orthopedic implants. The Company is diversified by also providing engineered products and components to customers in the automotive, aerospace and defense, and industrial/other markets. Typical applications of its products include military uniform and gear components, automotive interior trim, air filtration, and protective cases and inserts. It also engineers’ components for automotive use, such as interior trim and structural applications. These components are produced using a compression molding process to create functional composites consisting of various materials.
Financial Summary: BRIEF: For the three months ended 31 March 2024, UFP Technologies Inc revenues increased 7% to $105M. Net income increased 30% to $12.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Change in fair value of contingent consi decrease of 92% to $238K (expense), Other (income) expense increase from $77K (expense) to $42K (income).