UFP Company profile
About UFP Technologies, Inc.
UFP Technologies, Inc. is a designer and custom manufacturer of components, subassemblies, products and packaging utilizing foams, films and plastics primarily for the medical market. The Company's single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods and orthopedic implant packaging. The Company also provides engineered products and components to customers in the automotive, aerospace and defense, consumer, electronics, and industrial markets. The applications of its products include military uniform and gear components, automotive interior trim, athletic padding, environmentally friendly protective packaging, air filtration, abrasive nail files, and protective cases and inserts. The Company's subsidiaries include Moulded Fibre Technology, Inc., Simco Industries, Inc., Dielectrics, Inc. and UFP Realty LLC.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, UFP Technologies, Inc. revenues increased 15% to $206.3M. Net income increased 19% to $15.9M. Revenues reflect Medical segment increase of 10% to $132.5M, Consumer segment increase of 43% to $26M. Net income benefited from Loss (gain) on disposal of fixed assets decrease from $459K (expense) to $14K (income), Other income (expense) increase from $366K (expense) to $26K (income).
Equity composition
Common Stock $.01 Par, 03/11, 20M auth., 6,382,060 issd. Insiders own 17.78%. IPO 12/17/93, 1.2M shs. @ $5.50 by the Company.
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