Company: UFPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001171843-25-001192
Chunk: 0

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
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Index to Consolidated Financial Statements and Financial Statement Schedule

			Page

			Reports of Independent Registered Public Accounting Firm (PCAOB ID Number 248)
			
			F-3

			Consolidated Balance Sheets as of December 31, 2024, and 2023
			
			F-7

			Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023 and 2022
			
			F-8

			Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2024, 2023 and 2022
			
			F-9

			Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022
			
			F-10

			Notes to Consolidated Financial Statements
			
			F-11

			Schedule II - Valuation and Qualifying Accounts
			
			F-40

F-2

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Stockholders

UFP Technologies, Inc.

Opinion on the financial statements 

We have audited the accompanying consolidated balance sheets of UFP Technologies, Inc. (a Delaware corporation) and subsidiaries (the “Company”) as of December 31, 2024 and 2023, the related consolidated statements of comprehensive income, stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2024, and the related notes and financial statement schedule included under Item 15(a) (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in the 2013 Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”), and our report dated March 3, 202