Stock Analysis
- United States
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- Medical Equipment
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- NasdaqCM:UFPT
UFP Technologies Full Year 2023 Earnings: EPS Beats Expectations
UFP Technologies (NASDAQ:UFPT) Full Year 2023 Results
Key Financial Results
- Revenue: US$400.1m (up 13% from FY 2022).
- Net income: US$44.9m (up 7.5% from FY 2022).
- Profit margin: 11% (in line with FY 2022).
- EPS: US$5.89 (up from US$5.53 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
UFP Technologies EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are up 3.0% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for UFP Technologies that you need to take into consideration.
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About NasdaqCM:UFPT
UFP Technologies
UFP Technologies, Inc. designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products.
Flawless balance sheet and fair value.