Company: UFPT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001171843-25-003049
Chunk: 72

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 72
---
083

			Selling, general & administrative expenses

			18,725

			13,912

			Acquisition costs

			37

			-

			Change in fair value of contingent consideration

			263

			238

			Loss on disposal of property, plant & equipment

			-

			9

			Operating income

			23,126

			15,924

			Interest expense, net

			2,809

			631

			Other expense (income)

			36

			(42
			)

			Income before income tax expense

			20,281

			15,335

			Income tax expense

			3,097

			2,642

			Net income

			$
			17,184

			$
			12,693

			Net income per share:

			Basic

			$
			2.24

			$
			1.66

			Diluted

			$
			2.21

			$
			1.64

			Weighted average common shares outstanding:

			Basic

			7,688

			7,651

			Diluted

			7,776

			7,737

			Comprehensive Income

			Net Income

			$
			17,184

			$
			12,693

			Other comprehensive income (loss) :

			Foreign currency translation gain (loss)

			2,325

			(584
			)

			Other comprehensive gain (loss)

			2,325

			(584
			)

			Comprehensive income

			$
			19,509

			$
			12,109

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

4

UFP TECHNOLOGIES, INC.

Condensed Consolidated Statements of Stockholders’ Equity

(In thousands)

(Unaudited)

			Three Months Ended March 31, 2025

			Accumulated 

			Additional

			other

			Total

			Common Stock

			Paid-in

			Retained

			comprehensive

			Treasury Stock

			Stockholders'

			Shares

			Amount

			Capital

			Earnings

			income (loss