Company: UFPT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001171843-25-005268
Chunk: 20

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 20
---
13)

			Segment Data

The Company consists of a single operating and reportable segment and uses consolidated net income as its measure of segment profit and loss. The chief operating decision maker of the Company is the Chairman and Chief Executive Officer (CEO). The Chairman and CEO reviews consolidated operating results to make decisions about how to allocate resources to the segment and assess its performance as a whole. The Company has identified the following significant segment expenses (SSEs) due to their relevance to the overall consolidated operating results (in thousands):

			Three months ended June 30,

			Six months ended June 30,

			2025

			2024

			2025

			2024

			Net sales from external customers

			$
			151,176

			$
			110,177

			$
			299,324

			$
			215,186

			Significant segment expenses:

			Materials

			62,510

			48,721

			123,876

			96,443

			Salaries and Benefits

			42,911

			27,796

			86,873

			55,186

			Depreciation and amortization

			4,719

			3,032

			9,353

			6,031

			Interest expense, net

			2,671

			577

			5,480

			1,208

			Other segment items (a)

			16,739

			12,679

			31,835

			23,611

			Income before income tax provision

			21,626

			17,372

			41,907

			32,707

			Income tax provision

			4,446

			3,820

			7,543

			6,462

			Segment net income

			$
			17,180

			$
			13,552

			$
			34,364

			$
			26,245

			Segment total assets (b)

			$
			634,659

			(a)

			Other segment items include (production overhead, stock compensation, professional fees, and other SG&A expenses)

			(b)

			See Condensed Consolidated Balance Sheet for details

Information