UFP Technologies, Inc. (UFPT) Bundle
A Brief History of UFP Technologies, Inc. (UFPT)
Company Overview
UFP Technologies, Inc. is a publicly traded company (NASDAQ: UFPT) headquartered in Newburyport, Massachusetts. Founded in 1969, the company specializes in custom-engineered components, specialty packaging, and components for medical, automotive, aerospace, and consumer product markets.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $239.1 million |
| Net Income | $16.4 million |
| Market Capitalization | $587.3 million |
| Earnings Per Share | $2.37 |
Business Segments
- Medical Packaging
- Industrial Packaging
- Automotive and Defense
- Consumer Products
Key Operational Details
Manufacturing Facilities: 12 locations across the United States
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (as of January 2024) | $54.67 |
| 52-Week High | $62.15 |
| 52-Week Low | $44.23 |
Leadership
CEO: R. Jeffrey Bailly
CFO: Michael Schmitt
Who Owns UFP Technologies, Inc. (UFPT)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 1,045,804 | 15.23% |
| BlackRock Inc. | 766,579 | 11.16% |
| Dimensional Fund Advisors LP | 510,414 | 7.43% |
| Royce & Associates LP | 445,277 | 6.49% |
Insider Ownership
As of the latest available data, company insiders own approximately 8.7% of UFP Technologies, Inc. shares.
Key Insider Shareholders
- David Vander Ploeg - Chief Financial Officer
- R. Jeffrey Bailly - Chairman of the Board
- Thomas Oberly - President and CEO
Ownership Distribution
Institutional investors hold 72.4% of the total outstanding shares of UFP Technologies, Inc.
Stock Performance Details
| Metric | Value |
|---|---|
| Total Outstanding Shares | 6,867,155 |
| Public Float | 6,280,000 |
| Market Capitalization | $593,400,000 |
UFP Technologies, Inc. (UFPT) Mission Statement
Company Overview
UFP Technologies, Inc. trades on the NASDAQ under the ticker UFPT. As of December 31, 2023, the company reported annual revenue of $214.6 million.
Strategic Focus Areas
- Custom packaging solutions
- Industrial component manufacturing
- Engineered component design
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $214.6 million |
| Net Income | $15.3 million |
| Gross Margin | 27.4% |
| Operating Cash Flow | $24.7 million |
Market Segments
- Medical
- Automotive
- Aerospace
- Consumer
Corporate Headquarters
Located in Newburyport, Massachusetts, with manufacturing facilities across multiple locations.
Key Business Strategy
Providing innovative design and manufacturing solutions across diverse industries with specialized engineering capabilities.
How UFP Technologies, Inc. (UFPT) Works
Company Overview
UFP Technologies, Inc. is a manufacturer of custom-engineered packaging and component solutions located in Newburyport, Massachusetts. As of 2024, the company operates with a market capitalization of approximately $368.5 million.
Business Segments
The company functions through four primary business segments:
- Aerospace & Defense
- Medical
- Industrial
- Consumer
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $233.9 million |
| Net Income | $18.6 million |
| Gross Profit Margin | 28.3% |
| Operating Cash Flow | $25.4 million |
Manufacturing Capabilities
UFP Technologies operates 7 manufacturing facilities across the United States, specializing in converting and engineering polymer-based materials.
Key Product Categories
- Custom packaging solutions
- Protective components
- Engineered components
- Specialty packaging
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (UFPT) | $61.85 |
| Price to Earnings Ratio | 24.3 |
| Dividend Yield | 0.8% |
Workforce
The company employs approximately 550 full-time employees across its manufacturing and corporate locations.
How UFP Technologies, Inc. (UFPT) Makes Money
Business Segments
UFP Technologies, Inc. generates revenue through two primary business segments:
- Custom Packaging
- Engineered Surfaces
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $233.9 million |
| Net Income | $15.4 million |
| Gross Profit Margin | 27.3% |
Custom Packaging Segment
This segment serves multiple markets including:
- Medical
- Automotive
- Aerospace
- Industrial
| Market | 2023 Revenue Contribution |
|---|---|
| Medical Packaging | $112.5 million |
| Industrial Packaging | $68.2 million |
Engineered Surfaces Segment
Focuses on converting engineered materials for various applications.
| Application | 2023 Revenue |
|---|---|
| Consumer Electronics | $32.6 million |
| Industrial Components | $20.7 million |
Geographic Revenue Distribution
| Region | 2023 Revenue Percentage |
|---|---|
| United States | 92.5% |
| International Markets | 7.5% |
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