Company: UFPT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001171843-25-003049
Chunk: 73

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 73
---
247,520

			$
			268

			$
			(587
			)
			 
			$
			286,091

			Share-based compensation

			48

			1

			1,512

			-

			-

			-

			-

			1,513

			Exercise of stock options net of shares presented for exercise

			4

			-

			54

			-

			-

			-

			-

			54

			Net share settlement of RSU's

			(22
			)

			-

			(4,751
			)

			-

			-

			-

			-

			(4,751
			)

			Other comprehensive income

			-

			-

			-

			-

			(584
			)

			-

			-

			(584
			)

			Net income

			-

			-

			-

			12,693

			-

			-

			-

			12,693

			Balance at March 31, 2024

			7,670

			$
			77

			$
			35,629

			$
			260,213

			$
			(316
			)

			$
			(587
			)
			 
			$
			295,016

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

5

UFP Technologies, Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

			Three Months Ended

			March 31, 

			2025

			2024

			Cash flows from operating activities:

			Net income

			$
			17,184

			$
			12,693

			Adjustments to reconcile net income to net cash provided by  operating activities:

			Depreciation and amortization

			4,634

			2,999

			Loss on disposal of property, plant & equipment

			-

			9

			Share-based compensation

			2,212

			1,513

			Change in fair value of contingent consideration

			263

			238

			Equity method investment net earnings

			(