OverviewSuggest Edit

UFP Technologies is a designer and manufacturer of custom devices, sub-assemblies, components, and packaging utilizing foams, films, and plastics. It manufactures its products by converting raw materials using laminating, molding, radiofrequency, and impulse welding, and fabricating manufacturing techniques. UFP Technologies' single-use and single-patient devices and components can be used in a range of medical devices, disposable wound care, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging. The company serves the automotive, aerospace and defense, consumer, electronics, and industrial sectors.
TypePublic
Founded1963
HQNewburyport, MA, US
Websiteufpt.com
Employee Ratings3.3
Overall CultureC

Latest Updates

Employees (est.) (Dec 2020)860(-12%)
Job Openings15
Revenue (FY, 2020)$179.4 M(-9%)
Share Price (Sept 2021)$62.8
Cybersecurity ratingCMore
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Key People/Management at UFP Technologies

R. Jeffrey Bailly

R. Jeffrey Bailly

Chairman, Chief Executive Officer, and President
Christopher P. Litterio

Christopher P. Litterio

General Counsel and Sr. Vice President of Human Resources
Ronald J. Lataille

Ronald J. Lataille

Sr. Vice President, Treasurer and Chief Financial Officer
Daniel J. Shaw

Daniel J. Shaw

Vice President, Research and Development
Mitchell C. Rock

Mitchell C. Rock

President, MedTech
Daniel C. Croteau

Daniel C. Croteau

Lead Director
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UFP Technologies Office Locations

UFP Technologies has offices in Newburyport, Chicopee, Clinton, Compton and in 7 other locations
Newburyport, MA, US (HQ)
100 Hale St
Chicopee, MA, US
300 Burnett Rd
Clinton, IA, US
1521 Windsor Dr
Compton, CA, US
20211 S Susana Rd
Denver, CO, US
707 Umatilla St
El Paso, TX, US
1400 Henry Brennan Dr
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UFP Technologies Financials and Metrics

UFP Technologies Revenue

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UFP Technologies's revenue was reported to be $179.37 m in FY, 2020 which is a 9.6% decrease from the previous period.
USD

Revenue (Q2, 2021)

50.7m

Gross profit (Q2, 2021)

13.4m

Gross profit margin (Q2, 2021), %

26.5%

Net income (Q2, 2021)

4.7m

EBIT (Q2, 2021)

6.2m

Market capitalization (23-Sept-2021)

476.4m

Closing stock price (23-Sept-2021)

62.8

Cash (30-Jun-2021)

30.3m

EV

448.1m
UFP Technologies's current market capitalization is $476.4 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

190.5m198.4m179.4m

Revenue growth, %

29%4%(10%)

Cost of goods sold

142.1m144.4m134.7m

Gross profit

48.3m54.0m44.7m
Quarterly
USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

47.8m47.3m51.4m49.4m48.3m42.6m43.3m48.6m50.7m

Cost of goods sold

35.4m34.8m37.0m36.1m35.5m32.7m32.8m36.0m37.2m

Gross profit

12.4m12.5m14.4m13.3m12.8m9.9m10.5m12.6m13.4m

Gross profit Margin, %

26%26%28%27%27%23%24%26%26%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

3.2m3.7m24.2m

Accounts Receivable

28.3m28.6m26.4m

Prepaid Expenses

2.2m2.3m2.6m

Inventories

19.6m18.3m18.6m
Quarterly
USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

5.1m2.5m5.2m11.4m7.3m12.3m17.4m125.4m30.3m

Accounts Receivable

30.1m29.8m30.7m28.8m29.4m27.3m27.4m30.0m31.2m

Prepaid Expenses

2.2m1.8m2.3m2.7m2.8m3.4m3.7m2.6m3.0m

Inventories

19.9m19.4m19.0m19.2m20.2m21.0m19.5m20.0m21.2m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

14.3m19.8m13.4m

Depreciation and Amortization

7.8m9.5m9.6m

Inventories

(2.3m)1.3m(366.0k)

Accounts Payable

1.1m(2.5m)(681.0k)
Quarterly
USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

9.9m3.7m8.3m14.0m3.9m6.2m9.2m4.2m8.9m

Depreciation and Amortization

5.8m2.0m4.1m6.1m2.1m4.2m6.2m2.1m4.2m

Inventories

(2.6m)139.0k538.0k357.0k(2.0m)(2.7m)(1.2m)(1.4m)(2.5m)

Accounts Payable

2.2m(907.0k)(1.2m)(220.0k)2.7m735.0k(255.0k)1.7m4.0m
USDQ3, 2018

EV/EBIT

50.8 x

EV/CFO

22.1 x

Debt/Equity

0.2 x

Debt/Assets

0.2 x

Financial Leverage

1.4 x

P/E Ratio

65.6
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UFP Technologies Operating Metrics

UFP Technologies's Backlog was reported to be $54.3m in FY, 2019.
FY, 2018FY, 2019FY, 2020Sep, 2021

Backlog

$53.8 m$54.3 m

Markets

5

Patents (US)

17

Trademarks (US)

1020
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UFP Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
Packaging AlternativesDecember 31, 2012
Advanced Materials GroupSeptember 03, 2009
E.N. MurrayJuly 08, 2009
Foamade IndustriesMarch 12, 2009
Simco Industries, Inc.January 04, 2000
Pacific FoamDecember 01, 1998
FCE IndustriesFebruary 04, 1997
Moulded Fibre Technology, Inc.January 01, 1993
Dielectrics, Inc.
Patterson Properties Corporation
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UFP Technologies Revenue Breakdown

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UFP Technologies revenue breakdown by business segment: 8.1% from Automotive, 67.0% from Medical, 10.2% from Consumer, 7.0% from Aerospace & Defense and 7.6% from Other

UFP Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

UFP Technologies Online and Social Media Presence

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UFP Technologies Company Culture

  • Overall Culture

    C

    67/100

  • CEO Rating

    D-

    57/100

  • Compensation

    D-

    49/100

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UFP Technologies News and Updates

UFP Technologies To Present Virtually And Host 1x1 Investor Meetings At Sidoti Virtual Investor Conference

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials primarily for the medical market, today announced that R. Jeffrey Bailly, Chairman and Chief Executive Officer, and Ron Lataille, Chief Financial Officer, will present a…

Insights on the Mobile Phones Packaging Global Market to 2026 - Featuring Plastic Ingenuity, Pragati Pack and UFP Technologies Among Others

Dublin, Aug. 30, 2021 (GLOBE NEWSWIRE) -- The "Mobile Phones Packaging Market Research Report by Application, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering. The Global Mobile Phones Packaging Market size was estimate…

UFP Technologies, Inc. to Present Virtually and Host 1x1 Investor Meetings at the 12th Annual Midwest IDEAS Investor Conference on August 26, 2021

NEWBURYPORT, Mass., Aug. 25, 2021 (GLOBE NEWSWIRE) -- UFP Technologies (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today announced that Jeff Bailly, Chief Executive Officer, and Ron Lataille,…

UFP Technologies, Inc. to Present Virtually and Host 1x1 Investor Meetings

UFP Technologies (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today announced that Jeff Bailly, Chief Executive Officer, and Ron Lataille, Chief Financial Officer, will be presenting virtually a…

UFP Technologies Announces Strong Q2 2021 Results

NEWBURYPORT, Mass., Aug. 03, 2021 (GLOBE NEWSWIRE) -- UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $4.7 million or $0.62 per diluted common …

Worldwide Molded Pulp Packaging Industry to 2028 - Featuring Brodrene Hartmann, Huhtamaki Oyj & UFP Technologies Among Others

DUBLIN, July 5, 2021 /PRNewswire/ -- The "Molded Pulp Packaging Market Size, Share & Trends Analysis Report by Source (Wood, Non-Wood), Molded Type (Thermoformed, Transfer), Product (Clamshells, Trays), Application, and Segment Forecasts, 2021-2028" report has been added to...
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UFP Technologies Blogs

UFP Technologies Named One of West Michigan’s 2021 “Best & Brightest Companies to Work For®”

UFP Technologies’ Grand Rapids, MI facility has been named as one of West Michigan’s 2021 "Best & Brightest Companies to Work For®" for the fourth year in a row.

UFP Technologies Named A 2020 Winner Of "The Best and Brightest Companies to Work For® in the Nation"

UFP Technologies has been named a 2020 winner of "The Best and Brightest Companies to Work For® In The Nation.”

UFP Technologies Named One of West Michigan’s 2020 “Best & Brightest Companies to Work For®”

UFP Technologies’ Grand Rapids, MI facility has been named as one of West Michigan’s 2020 "Best & Brightest Companies to Work For®" for the third year in a row.

UFP Technologies Named One of Boston’s 2020 “Best & Brightest Companies to Work For®”

UFP Technologies has been recognized as one of Boston’s 2020 "Best and Brightest Companies to Work For®” for the third year in a row.

COVID-19 (Coronavirus) Update - 3.16.20

With the rapidly evolving COVID-19 situation, we are executing on our two highest priorities: health and safety and continuity of supply.

Visit UFP Technologies at MD&M West 2020 - Free Expo Pass Available

UFP Technologies a producer of innovative, custom-engineered medical devices, sub-assemblies, components, and packaging will be exhibiting at MD&M West from Feb. 11-13 at booth 2326. Free expo pass available.
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UFP Technologies Frequently Asked Questions

  • When was UFP Technologies founded?

    UFP Technologies was founded in 1963.

  • Who are UFP Technologies key executives?

    UFP Technologies's key executives are R. Jeffrey Bailly, Christopher P. Litterio and Ronald J. Lataille.

  • How many employees does UFP Technologies have?

    UFP Technologies has 860 employees.

  • What is UFP Technologies revenue?

    Latest UFP Technologies annual revenue is $179.4 m.

  • What is UFP Technologies revenue per employee?

    Latest UFP Technologies revenue per employee is $208.6 k.

  • Who are UFP Technologies competitors?

    Competitors of UFP Technologies include Survitec, Raven Industries and DeRoyal Industries.

  • Where is UFP Technologies headquarters?

    UFP Technologies headquarters is located at 100 Hale St, Newburyport.

  • Where are UFP Technologies offices?

    UFP Technologies has offices in Newburyport, Chicopee, Clinton, Compton and in 7 other locations.

  • How many offices does UFP Technologies have?

    UFP Technologies has 11 offices.