Company: UFPT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001171843-25-003049
Chunk: 71

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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176,875

			Deferred income taxes

			4,917

			3,296

			Non-qualified deferred compensation plan

			6,441

			6,193

			Lease liabilities

			11,668

			12,432

			Other liabilities

			8,818

			11,144

			Total liabilities

			281,968

			286,235

			Commitments and contingencies

			Stockholders’ equity:

			Preferred stock, $.01 par value, 1,000,000 shares authorized; no shares issued

			-

			-

			Common stock, $.01 par value, 20,000,000 shares authorized; 7,736,384 and 7,706,825 shares issued and outstanding, respectively,  at March 31, 2025; 7,706,344 and 7,676,785 shares issued and  outstanding, respectively, at December 31, 2024

			77

			77

			Additional paid-in capital

			39,339

			40,934

			Retained earnings

			323,685

			306,501

			Accumulated other comprehensive loss

			(1,840
			)

			(4,165
			)

			Treasury stock at cost, 29,559 shares at March 31, 2025 and 29,559 shares at December 31, 2024

			(587
			)

			(587
			)

			Total stockholders’ equity

			360,674

			342,760

			Total liabilities and stockholders' equity

			$
			642,642

			$
			628,995

The accompanying notes are an integral part of these condensed consolidated financial statements.

3

UFP Technologies, Inc.

Condensed Consolidated Statements of Comprehensive Income

(In thousands, except per share data)

(Unaudited)

			Three Months Ended 

			March 31,

			2025

			2024

			Net sales

			$
			148,148

			$
			105,009

			Cost of sales

			105,997

			74,926

			Gross profit

			42,151

			30,