Company: UFPT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050425
Chunk: 11

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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ITEM 1:    FINANCIAL STATEMENTS

UFP Technologies, Inc.

Condensed Consolidated Balance Sheets

(In thousands, except share data)

(Unaudited)

September 30,2025December 31,2024AssetsCurrent assets:Cash and cash equivalents$18,226 $13,450 Receivables, net85,176 84,677 Inventories86,149 87,536 Prepaid expenses and other current assets6,604 4,303 Refundable income taxes1,816 4,979 Total current assets197,971 194,945 Property, plant and equipment, net77,540 70,564 Goodwill197,302 189,657 Intangible assets, net143,261 144,252 Non-qualified deferred compensation plan7,333 6,174 Right of use assets18,928 16,148 Deferred income taxes72 - Equity method investment6,941 6,808 Other assets3,473 447 Total assets$652,821 $628,995 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$29,442 $24,269 Accrued expenses30,280 30,410 Deferred revenue4,833 4,667 Lease liabilities4,952 4,226 Income taxes payable219 223 Current portion of long-term debt12,500 12,500 Total current liabilities82,226 76,295 Long-term debt, excluding current installments133,620 176,875 Deferred income taxes7,567 3,296 Non-qualified deferred compensation plan6,781 6,193 Lease liabilities14,437 12,432 Other liabilities4,277 11,144 Total liabilities248,908 286,235 Commitments and contingenciesStockholders’ equity:Preferred stock, $0.01 par value, 1,000,000 shares authorized; no shares issued— — Common stock, $.01 par value, 20,000,000 shares authorized; 7,742,003 and 7,712,444 shares issued and outstanding, respectively at September 30, 2025; 7,706,344 and 7,676,785 shares issued and outstanding, respectively, at December 31, 202477 77 Additional paid-in capital43,670