Company: UFPT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050425
Chunk: 12

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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40,934 Retained earnings357,248 306,501 Accumulated other comprehensive income (loss)3,505 (4,165)Treasury stock at cost, 29,559 shares at September 30, 2025 and 29,559 shares at December 31, 2024(587)(587)Total stockholders’ equity403,913 342,760 Total liabilities and stockholders' equity$652,821 $628,995 

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

3

Condensed Consolidated Statements of Comprehensive Income

(In thousands, except per share data)

(Unaudited)

Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Net sales$154,558 $145,165 $453,882 $360,351 Cost of sales111,811 103,642 325,440 255,714 Gross profit42,747 41,523 128,442 104,637 Selling, general & administrative expenses19,069 15,789 56,474 43,601 Acquisition costs14 732 334 1,676 Change in fair value of contingent consideration263 238 789 714 Loss on disposal of property, plant & equipment22 — 11 7 Operating income23,379 24,764 70,834 58,639 Interest expense, net2,393 3,475 7,873 4,683 Other (income) expense(78)70 (10)30 Income before income tax expense21,064 21,219 62,971 53,926 Income tax expense4,681 4,858 12,224 11,320 Net income$16,383 $16,361 $50,747 $42,606 Net income per share:Basic$2.12 $2.13 $6.59 $5.56 Diluted$2.11 $2.11 $6.52 $5.49 Weighted average common shares outstanding:Basic7,712 7,674 7,703 7,666 Diluted7,780 7,772 7,783 7,763 Comprehensive IncomeNet Income$16,383 $16,361 $50,