UFP Technologies(UFPT)

Search documents
UFP Technologies(UFPT) - 2022 Q2 - Quarterly Report
2022-08-09 17:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended JUNE 30, 2022 Commission File Number: 001-12648 UFP Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 04-2314970 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15( ...
UFP Technologies (UFPT) Investor Presentation _ Slideshow
2022-06-24 16:57
Welcome Investors June 16, 2022 音 UFP TECHNOLOGIES Forward Looking Statements Certain statements in this presentation may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or the Company's future financial or operating performance and may be identified by words such as "may," "should," "expect," "intend," "will," "estimate," "anticipate ...
UFP Technologies(UFPT) - 2022 Q1 - Quarterly Report
2022-05-10 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended MARCH 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-12648 UFP Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 04-2314970 (State or oth ...
UFP Technologies(UFPT) - 2021 Q4 - Annual Report
2022-03-14 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 001-12648 UFP Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 04-2314970 (State or oth ...
UFP Technologies(UFPT) - 2021 Q3 - Quarterly Report
2021-11-05 13:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended SEPTEMBER 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-12648 UFP Technologies, Inc. (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Iden ...
UFP Technologies (UFPT) Investor Presentation - Slideshow
2021-09-26 16:33
Welcome Investors September 2021 W UFP TECHNOLOGIES® Safe Harbor Statement This presentation contains forward-looking information that involves risks and uncertainties, including statements about the Company's prospects, anticipated advantages the Company expects to realize from its acquisition strategies, the Company's financial performance, targets, goals, and metrics, participation in multiple markets, its engineering and product development resources, the benefits of the Company's product development bu ...
UFP Technologies(UFPT) - 2021 Q2 - Quarterly Report
2021-08-06 13:01
Sales Performance - Sales for the three-month period ended June 30, 2021 increased approximately 18.8% to $50.7 million from $42.6 million for the same period in 2020[79] - Sales for the six-month period ended June 30, 2021 increased approximately 9.2% to $99.3 million from $90.9 million for the same period in 2020[80] Gross Margin - Gross margin for the three-month period ended June 30, 2021 increased to 26.5% from 23.3% for the same period in 2020[81] - Gross margin for the six-month period ended June 30, 2021 increased to 26.2% from 25.0% for the same period in 2020[82] Expenses - Selling, general, and administrative expenses (SG&A) increased approximately 8.4% to $7.2 million for the three-month period ended June 30, 2021[83] - SG&A as a percentage of sales decreased to 14.3% for the three-month period ended June 30, 2021, from 15.6% for the same period in 2020[83] Interest and Tax - Net interest income was approximately $21 thousand for the three-month period ended June 30, 2021, compared to net interest expense of approximately $33 thousand for the same period in 2020[85] - The Company recorded tax expense of approximately 24.2% for the three-month period ended June 30, 2021, compared to 20.8% for the same period in 2020[88] - The effective tax rate for the six-month period ended June 30, 2021, was approximately 22.9%, an increase from 18.9% in the same period of 2020[89] Cash Flow - Net cash provided by operations for the six-month period ended June 30, 2021, was approximately $9.9 million, primarily driven by net income of approximately $8.9 million[91] - Net cash used in investing activities during the same period was approximately $3.3 million, mainly for additions of manufacturing machinery and equipment[92] - Net cash used in financing activities was approximately $0.6 million, primarily due to payments for stock options exercised and restricted stock units vested[94] - The Company generated cash of approximately $9.9 million in operations during the six months ended June 30, 2021, but future cash generation cannot be guaranteed[102] Credit and Financing - The Company has an unsecured $70 million Amended and Restated Credit Agreement, with a maturity date extended to December 31, 2025[97] - As of June 30, 2021, the Company had no amounts outstanding under the Restated Credit Agreement, with an applicable interest rate of approximately 1.09%[99] Future Plans and Challenges - The Company plans to continue its strategy of organic growth and growth through strategic acquisitions[71] - The Company expects to face ongoing challenges due to the COVID-19 pandemic, impacting its business and financial results[72] - The Company plans to continue adding capacity to enhance operating efficiencies and may consider additional acquisitions[103] - Approximately $9.4 million remains available for future stock repurchases under the authorized program[105] Market Risks - There have been no material changes in market risks as previously disclosed in the Annual Report for the year ended December 31, 2020[108]
UFP Technologies(UFPT) - 2021 Q1 - Quarterly Report
2021-05-07 13:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended MARCH 31, 2021 Delaware 04-2314970 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 100 Hale Street, Newburyport, MA 01950, USA (Address of principal executive offices) (Zip Code) (978) 352-2200 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15( ...
UFP Technologies(UFPT) - 2020 Q4 - Annual Report
2021-03-12 13:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 001-12648 UFP Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 04-2314970 (State or oth ...
UFP Technologies(UFPT) - 2020 Q3 - Quarterly Report
2020-11-06 13:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended SEPTEMBER 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-12648 UFP Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 04-2314970 (State or ...