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UFP TECHNOLOGIES INC (UFPT)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Geographic Distribution, Foreign  56.6       
    One Customer  74.3       
    Medical  286.2132.5120.3128.9110.370.164.757.3
    Other   73.859.169.580.277.881.481.6
Total revenues  353.8206.3179.4198.4190.5147.8146.1138.9
            Revenue growth   [+]71.5%15.0%-9.6%4.2%28.8%1.2%5.2%-0.3%
Cost of goods sold  263.5155.2134.7144.4142.1112.4111.5101.4
Gross profit  90.351.144.754.048.335.534.737.5
            Gross margin  25.5%24.8%24.9%27.2%25.4%24.0%23.7%27.0%
Selling, general and administrative  45.829.527.529.327.723.724.124.0
Equity in earnings          
Other operating expenses  19.7       
EBITDA   [+]36.730.025.532.928.517.416.218.3
            EBITDA margin  10.4%14.6%14.2%16.6%15.0%11.8%11.1%13.2%
Depreciation  7.57.17.06.96.65.35.34.5
EBITA  29.222.918.526.021.912.110.813.8
            EBITA margin  8.3%11.1%10.3%13.1%11.5%8.2%7.4%9.9%
Amortization of intangibles  4.41.31.31.31.20.30.30.3
EBIT   [+]24.821.617.224.720.711.810.513.4
            EBIT margin  7.0%10.5%9.6%12.5%10.8%8.0%7.2%9.7%
Non-recurring items   [+]-30.60.40.5 1.00.1-1.71.7
Interest expense, net   [+]2.80.00.10.71.3-0.2-0.10.0
Other income (expense), net  0.10.0-0.4-0.40.1   
Pre-tax income  52.721.216.323.618.411.912.311.7
Income taxes  10.95.32.93.94.12.64.34.1
            Tax rate  20.7%25.1%17.9%16.5%22.2%22.3%35.3%35.3%
Net income  41.815.913.419.814.39.28.07.6
            Net margin  11.8%7.7%7.5%10.0%7.5%6.2%5.5%5.5%
   
Basic EPS   [+]$5.52$2.11$1.79$2.66$1.95$1.27$1.11$1.07
Diluted EPS   [+]$5.45$2.09$1.77$2.63$1.93$1.26$1.10$1.05
   
Shares outstanding (basic)   [+]7.67.57.57.47.37.27.27.1
Shares outstanding (diluted)   [+]7.77.67.67.57.47.37.37.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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