UFP Technologies, Inc. (UFPT)

UFP Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	400.07	353.79	206.32	179.37	198.38
Revenue Growth (YoY)	13.08%	71.48%	15.02%	-9.58%	4.16%
Cost of Revenue	287.85	263.53	155.21	134.69	144.42
Gross Profit	112.23	90.26	51.11	44.68	53.96
Selling, General & Admin	50.89	45.8	29.48	27.49	29.25
Other Operating Expenses	0.15	-20.77	0.42	0.46	0
Operating Expenses	51.03	25.02	29.9	27.95	29.25
Operating Income	61.19	65.24	21.22	16.73	24.71
Interest Expense / Income	3.65	2.76	0.04	0.08	0.67
Other Expense / Income	3.64	9.76	-0.03	0.37	0.39
Pretax Income	53.9	52.72	21.21	16.28	23.65
Income Tax	8.98	10.93	5.32	2.91	3.9
Net Income	44.92	41.79	15.89	13.37	19.75
Net Income Growth	7.50%	163.06%	18.83%	-32.31%	38.01%
Shares Outstanding (Basic)	8	8	8	7	7
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change	0.50%	0.63%	0.62%	0.69%	1.16%
EPS (Basic)	5.89	5.52	2.11	1.79	2.66
EPS (Diluted)	5.83	5.45	2.09	1.77	2.63
EPS Growth	6.97%	160.77%	18.08%	-32.70%	36.27%
Free Cash Flow	30.85	10.68	9.01	20.78	25.46
Free Cash Flow Per Share	4.05	1.41	1.20	2.78	3.43
Gross Margin	28.05%	25.51%	24.77%	24.91%	27.20%
Operating Margin	15.29%	18.44%	10.28%	9.33%	12.45%
Profit Margin	11.23%	11.81%	7.70%	7.45%	9.96%
Free Cash Flow Margin	7.71%	3.02%	4.37%	11.58%	12.83%
Effective Tax Rate	16.66%	20.73%	25.08%	17.90%	16.48%
EBITDA	68.95	67.37	29.65	24.63	32.49
EBITDA Margin	17.24%	19.04%	14.37%	13.73%	16.38%
Depreciation & Amortization	11.41	11.89	8.41	8.27	8.17
EBIT	57.55	55.48	21.24	16.37	24.32
EBIT Margin	14.38%	15.68%	10.30%	9.12%	12.26%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).