OverviewSuggest Edit

UFP Technologies is a producer of custom-engineered components, products, and specialty packaging. The Company's applications include custom components, products, commodity packaging, and specialty packaging primarily for the medical, automotive, aerospace, defense, electronics, consumer, and industrial markets. It also develops a number of products, including FlexShield, a medical device pouch for protecting small instruments and tools, and BioShell, a pharmaceutical bag protection system.

TypePublic
Founded1963
HQNewburyport, US
Websiteufpt.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Jan 2019)1,051(+33%)
Job Openings4
Revenue (FY, 2018)$190.5 M(+29%)
Share Price (Jun 2019)$39.8 (+2%)

Key People/Management at UFP Technologies

R. Jeffrey Bailly

R. Jeffrey Bailly

Chairman, Chief Executive Officer, and President
Ronald J. Lataille

Ronald J. Lataille

Sr. Vice President, Treasurer and Chief Financial Officer
Christopher P. Litterio

Christopher P. Litterio

General Counsel and Sr. Vice President of Human Resources
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UFP Technologies Office Locations

UFP Technologies has offices in Newburyport, Kissimmee, Kentwood, Georgetown and in 7 other locations
Newburyport, US (HQ)
100 Hale St
Chicopee, US
300 Burnett Rd
Clinton, US
1521 Windsor Dr
Compton, US
20211 S Susana Rd
Denver, US
707 Umatilla St
El Paso, US
1400 Henry Brennan Dr
Show all (11)

UFP Technologies Financials and Metrics

UFP Technologies Revenue

UFP Technologies's revenue was reported to be $190.46 m in FY, 2018 which is a 28.8% increase from the previous period.
USD

Revenue (Q2, 2019)

51.4m

Gross profit (Q2, 2019)

14.4m

Gross profit margin (Q2, 2019), %

28%

Net income (Q2, 2019)

4.6m

EBIT (Q2, 2019)

6.6m

Market capitalization (10-Jun-2019)

295.4m

Closing stock price (10-Jun-2019)

39.8

Cash (30-Jun-2019)

5.2m

EV

293.7m
UFP Technologies's current market capitalization is $295.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

139.2m139.3m138.9m146.1m147.8m190.5m

Revenue growth, %

0%0%5%1%29%

Cost of goods sold

98.6m101.4m111.5m112.4m142.1m

Gross profit

40.6m37.5m34.7m35.5m48.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

34.7m34.6m34.0m35.4m34.0m36.5m34.4m34.5m37.9m37.2m37.1m37.9m35.7m42.9m91.9m47.8m47.3m51.4m

Cost of goods sold

24.5m25.6m24.5m25.7m25.3m26.2m24.9m26.8m27.6m28.8m27.5m27.9m27.5m32.7m68.8m35.4m34.8m37.0m

Gross profit

10.2m9.0m9.5m9.7m8.6m10.3m9.5m7.7m10.3m8.5m9.5m9.9m8.2m10.2m23.2m12.4m12.5m14.4m

Gross profit Margin, %

29%26%28%27%25%28%28%22%27%23%26%26%23%24%25%26%26%28%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

37.3m34.1m29.8m31.4m38.0m3.2m

Accounts Receivable

21.2m21.4m28.3m

Prepaid Expenses

2.3m1.8m2.2m

Inventories

11.0m12.9m14.2m14.2m12.9m19.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

38.2m34.6m32.0m33.0m24.4m29.2m29.4m25.5m27.0m30.1m33.8m34.5m37.2m7.1m5.9m5.1m2.5m5.2m

Inventories

9.9m12.2m13.4m13.5m12.9m12.8m13.5m13.2m13.9m14.6m14.4m14.1m13.1m18.3m18.7m19.9m19.4m19.0m

Current Assets

68.0m69.2m67.6m68.2m61.3m64.8m65.6m62.4m67.0m69.6m73.0m73.4m75.6m58.1m57.5m58.3m55.0m57.9m

Goodwill

7.3m7.3m7.3m7.3m7.3m7.3m7.3m7.3m7.3m7.3m7.3m7.3m7.3m51.8m51.8m51.8m51.8m51.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

8.0m9.2m14.3m

Depreciation and Amortization

4.1m4.4m4.8m5.6m5.6m7.8m

Inventories

(1.4m)(1.8m)(1.3m)51.0k1.3m(2.3m)

Accounts Payable

(1.0m)2.3m(800.0k)(596.0k)93.0k1.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

2.9m2.1m1.9m2.1m1.7m3.9m2.0m1.1m3.8m2.7m2.2m4.8m6.5m1.8m5.8m9.9m3.7m8.3m

Depreciation and Amortization

1.2m2.3m1.4m2.7m2.8m4.2m1.8m3.9m5.8m2.0m4.1m

Inventories

13.4m13.5m(32.0k)61.0k13.5m984.0k318.0k14.6m14.4m56.0k1.0m(977.0k)(1.5m)(2.6m)139.0k538.0k

Accounts Payable

4.2m5.3m(1.1m)(925.0k)4.7m(218.0k)865.0k5.1m5.9m(103.0k)429.0k(290.0k)2.9m2.2m(907.0k)(1.2m)
USDY, 2019

EV/EBIT

45.5 x

EV/CFO

24.2 x

Financial Leverage

1.3 x
Show all financial metrics

UFP Technologies Operating Metrics

UFP Technologies's Backlog was reported to be $53.8m in Y, 2019.
Y, 2017Y, 2018Y, 2019

Backlog

$43.70 m$46.90 m$53.80 m
Show all operating metrics

UFP Technologies Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Dielectrics, Inc.
Moulded Fibre Technology, Inc.
Patterson Properties Corporation
Simco Industries, Inc.
Stephenson & Lawyer, Inc.

UFP Technologies Revenue Breakdown

Embed Graph

UFP Technologies revenue breakdown by business segment: 6.9% from Aerospace & Defense, 6.0% from Electronics, 13.1% from Consumer, 5.6% from Industrial, 57.9% from Medical and 10.5% from Automotive

UFP Technologies Online and Social Media Presence

Embed Graph

UFP Technologies News and Updates

UFP Technologies to Present at the East Coast IDEAS Investor Conference in Boston

NEWBURYPORT, Mass., June 07, 2019 (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 announced that Chairman & CEO R. Jeffrey Bailly and SVP &amp…

UFP Technologies Announces Q1 2019 Results

NEWBURYPORT, Mass., May 07, 2019 (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 $3.7 million or $0.50 per diluted common …

UFP Technologies Announces 2018 Results

NEWBURYPORT, Mass., March 06, 2019 (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 $14.3 million or $1.93 per diluted commo…

UFP Technologies Announces Record Q3 Results

NEWBURYPORT, Mass., Nov. 01, 2018 (GLOBE NEWSWIRE) -- UFP Technologies, Inc.  (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials, today reported net income of $4.1 million or $0.56 per diluted common share outstanding for its third quarter e…

UFP Technologies Announces Record Q2 Results

NEWBURYPORT, Mass., Aug. 02, 2018 (GLOBE NEWSWIRE) -- UFP Technologies, Inc.  (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials, today reported net income of $4.0 million or $0.54 per diluted common share outstanding for its second quarter …

UFP Technologies Blogs

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

UFP Technologies’ Grand Rapids, MI facility has been named as one of West Michigan’s Best & Brightest Companies to Work For®.

High Performance Case and Inserts and Uniform Gear on Display at Shot Week Supplier Showcase 2019

UFP Technologies, a producer of innovative, custom-engineered case and inserts, tool control kits, and uniform gear, will be exhibiting at the Shot Week Supplier Showcase from January 21-22, at booth #1941.

Custom Medical Devices, Sub-Assemblies, Components, and Packaging on Display at MD&M West 2019

UFP Technologies, a producer of innovative, custom-engineered medical devices, sub-assemblies, components, and packaging will be exhibiting at MD&M West from February 5-7 at booth #2326.

UFP Technologies Named “Best & Brightest Companies to Work For In The Nation®”

UFP Technologies has been named one of the “Best & Brightest Companies to Work For In The Nation®.” UFP Technologies was one of only 101 companies to receive the award for 2018.

UFP Technologies’ Grand Rapids Facility Named “Best & Brightest Companies to Work For In The Nation®”

UFP Technologies’ Grand Rapids, MI facility has been named one of the “Best & Brightest Companies to Work For In The Nation®.” UFP Technologies was one of only 101 companies to receive the award for 2018.

Innovative, Custom-Engineered Medical Devices, Components, and Packaging on Display at BIOMEDevice San Jose

UFP Technologies, a producer of innovative, custom-engineered medical devices, components, and packaging technologies will be exhibiting at BIOMEDevice San Jose from December 5-6 at booth #212.
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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, Ronald J. Lataille and Christopher P. Litterio.

  • How many employees does UFP Technologies have?

    UFP Technologies has 1,051 employees.

  • What is UFP Technologies revenue?

    Latest UFP Technologies annual revenue is $190.5 m.

  • What is UFP Technologies revenue per employee?

    Latest UFP Technologies revenue per employee is $181.2 k.

  • Who are UFP Technologies competitors?

    Competitors of UFP Technologies include Hexcel, Raven Industries and Park Electrochemical.

  • 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, Kissimmee, Kentwood, Georgetown and in 7 other locations.

  • How many offices does UFP Technologies have?

    UFP Technologies has 11 offices.