OverviewSuggest Edit

UFP Technologies is a producer of custom-engineered components, products, and specialty 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. Besides, it offers engineered products and components to customers in the automotive, aerospace and defense, consumer, electronics, and industrial markets.

TypePublic
Founded1963
HQNewburyport, US
Websiteufpt.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Jan 2020)986(-6%)
Job Openings9
Revenue (FY, 2019)$198.4 M(+5%)
Share Price (Sept 2020)$40.8
Cybersecurity ratingDMore

Key People/Management at UFP Technologies

R. Jeffrey Bailly

R. Jeffrey Bailly

Chairman, Chief Executive Officer, and President; Director
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
Mitchell C. Rock

Mitchell C. Rock

Sr. Vice President, Sales and Marketing
Daniel J. Shaw

Daniel J. Shaw

Vice President, Research and Development
W. David Smith

W. David Smith

Sr. Vice President, Operations
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UFP Technologies Office Locations

UFP Technologies has offices in Newburyport, Chicopee, Clinton, Compton 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
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UFP Technologies Financials and Metrics

UFP Technologies Revenue

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UFP Technologies's revenue was reported to be $198.38 m in FY, 2019
USD

Revenue (Q2, 2020)

42.6m

Gross profit (Q2, 2020)

9.9m

Gross profit margin (Q2, 2020), %

23.3%

Net income (Q2, 2020)

2.3m

EBIT (Q2, 2020)

3.0m

Market capitalization (16-Sept-2020)

306.1m

Closing stock price (16-Sept-2020)

40.8

Cash (30-Jun-2020)

12.3m

EV

296.5m
UFP Technologies's current market capitalization is $306.1 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

146.1m147.8m190.5m198.4m

Revenue growth, %

5%1%29%

Cost of goods sold

111.5m112.4m142.1m144.4m

Gross profit

34.7m35.5m48.3m54.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

37.1m37.9m35.7m42.9m49.0m47.8m47.3m51.4m49.4m48.3m42.6m

Cost of goods sold

27.5m27.9m27.5m32.7m36.0m35.4m34.8m37.0m36.1m35.5m32.7m

Gross profit

9.5m9.9m8.2m10.2m13.0m12.4m12.5m14.4m13.3m12.8m9.9m

Gross profit Margin, %

26%26%23%24%26%26%26%28%27%27%23%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

31.4m38.0m3.2m3.7m

Accounts Receivable

21.2m21.4m28.3m28.6m

Prepaid Expenses

2.3m1.8m2.2m2.3m

Inventories

14.2m12.9m19.6m18.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

33.8m34.5m37.2m7.1m5.9m5.1m2.5m5.2m11.4m7.3m12.3m

Accounts Receivable

21.9m22.3m22.0m29.3m30.2m30.1m29.8m30.7m28.8m29.4m27.3m

Prepaid Expenses

2.9m2.5m2.2m2.7m2.1m2.2m1.8m2.3m2.7m2.8m3.4m

Inventories

14.4m14.1m13.1m18.3m18.7m19.9m19.4m19.0m19.2m20.2m21.0m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

8.0m9.2m14.3m19.8m

Depreciation and Amortization

5.6m5.6m7.8m9.5m

Inventories

51.0k1.3m(2.3m)1.3m

Accounts Payable

(596.0k)93.0k1.1m(2.5m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

2.2m4.8m6.5m1.8m5.8m9.9m3.7m8.3m14.0m3.9m6.2m

Depreciation and Amortization

1.4m2.8m4.2m1.8m3.9m5.8m2.0m4.1m6.1m2.1m4.2m

Inventories

(260.0k)56.0k1.0m(977.0k)(1.5m)(2.6m)139.0k538.0k357.0k(2.0m)(2.7m)

Accounts Payable

1.5m(103.0k)429.0k(290.0k)2.9m2.2m(907.0k)(1.2m)(220.0k)2.7m735.0k
USDFY, 2016

Revenue/Employee

202.4k

Financial Leverage

1.1 x
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UFP Technologies Operating Metrics

UFP Technologies's Backlog was reported to be $53.8m in FY, 2018.
FY, 2016FY, 2017FY, 2018

Backlog

$43.70 m$46.90 m$53.80 m

Manufacturing Facilities Leased

4 4 3

Manufacturing Facilities Owned

9 9 9

Trademarks (US)

10 10 10
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

D

66/100

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UFP Technologies Revenue Breakdown

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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

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UFP Technologies News and Updates

UFP Technologies Announces Q2 Results

NEWBURYPORT, Mass., Aug. 04, 2020 (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 $2.3 million or $0.31 per diluted common…

UFP Technologies to Host Virtual 1x1 Investor Meetings at the 10th Annual East Coast IDEAS Investor Conference on June 23 & 24

NEWBURYPORT, Mass., June 22, 2020 (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 Ron Lataille, Chief Financial Officer, will be hosting …

UFP Technologies Announces Record 2019 Results

NEWBURYPORT, Mass., March 04, 2020 (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 $19.8 million or $2.63 per diluted comm…

UFP Technologies Announces Record 2019 Results

NEWBURYPORT, Mass., March 04, 2020 (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 $19.8 million or $2.63 per diluted comm…

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 …
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UFP Technologies Blogs

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.

Protect Critical Equipment With UFP’s Case and Insert Solutions on Display at Quad A’s Cribbins/ASE Symposium

UFP Technologies, a producer of innovative, custom-engineered case and inserts and tool control kits, will be exhibiting at Quad A’s Cribbins/ASE Symposium from November 13-16 at booth 201.

UFP and Dielectrics’ Solutions to Improve Patient Outcomes on Display at Compamed 2018

UFP Technologies, a producer of innovative, custom-engineered packaging and components for medical devices, orthopedic implants, fixation devices, and surgical instruments will be exhibiting at Compamed from November 12-15 in hall 8B at booth G28-2.

Improve Patient Outcomes with UFP Technologies and Dielectrics’ Custom Manufactured Solutions – Visit Us At MD&M Minneapolis 2018

UFP Technologies, a producer of innovative, custom-engineered packaging and components for medical devices, orthopedic implants, fixation devices, and surgical instruments will be exhibiting at MD&M Minneapolis from October 31 – November 1 at booth #2628.
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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 986 employees.

  • What is UFP Technologies revenue?

    Latest UFP Technologies annual revenue is $198.4 m.

  • What is UFP Technologies revenue per employee?

    Latest UFP Technologies revenue per employee is $201.2 k.

  • Who are UFP Technologies competitors?

    Competitors of UFP Technologies include Survitec, Sonoco Products Company and Greif.

  • 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.