UFP Technologies (UFPT) Reports 2021 Sales of $206.3M, EPS of $2.09

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UFP Technologies Announces 2021 Results

March 8, 2022 9:25 AM EST

NEWBURYPORT, Mass., March 08, 2022 (GLOBE NEWSWIRE) -- UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $15.9 million or $2.09 per diluted common share outstanding for its year ended December 31, 2021, compared to net income of $13.4 million or $1.77 per diluted common share outstanding for 2020. Sales for 2021 were $206.3 million compared to 2020 sales of $179.4 million.

For its fourth quarter ended December 31, 2021, the Company reported net income of $3.2 million or $0.42 per diluted common share outstanding, compared to... More