Company: UFPT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001171843-25-005268
Chunk: 43

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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	Cost of sales

			107,633

			77,146

			213,629

			152,072

			Gross profit

			43,543

			33,031

			85,695

			63,114

			Selling, general & administrative expenses

			18,679

			13,900

			37,405

			27,812

			Acquisition costs

			283

			943

			320

			943

			Change in fair value of contingent consideration

			263

			238

			526

			476

			(Gain) loss on disposal of property, plant & equipment

			(11
			)

			(1
			)

			(11
			)

			7

			Operating income

			24,329

			17,951

			47,455

			33,876

			Interest expense, net

			2,671

			577

			5,480

			1,208

			Other expense (income)

			32

			2

			68

			(39
			)

			Income before income tax expense

			21,626

			17,372

			41,907

			32,707

			Income tax expense

			4,446

			3,820

			7,543

			6,462

			Net income

			$
			17,180

			$
			13,552

			$
			34,364

			$
			26,245

			Net income per share:

			Basic

			$
			2.23

			$
			1.77

			$
			4.46

			$
			3.43

			Diluted

			$
			2.21

			$
			1.75

			$
			4.42

			$
			3.38

			Weighted average common shares outstanding:

			Basic

			7,709

			7,672

			7,698

			7,662

			Diluted

			7,773

			7,753