UFP Technologies Inc
NASDAQ:UFPT
Income Statement
Earnings Waterfall
UFP Technologies Inc
Revenue
|
400.1m
USD
|
Cost of Revenue
|
-287.8m
USD
|
Gross Profit
|
112.2m
USD
|
Operating Expenses
|
-54.4m
USD
|
Operating Income
|
57.8m
USD
|
Other Expenses
|
-12.9m
USD
|
Net Income
|
44.9m
USD
|
Income Statement
UFP Technologies Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
139
N/A
|
140
+1%
|
138
-1%
|
139
+1%
|
139
+0%
|
139
0%
|
141
+2%
|
140
-1%
|
139
-1%
|
139
+0%
|
141
+1%
|
144
+2%
|
146
+2%
|
149
+2%
|
149
N/A
|
147
-1%
|
148
+0%
|
154
+4%
|
165
+7%
|
177
+7%
|
191
+8%
|
195
+2%
|
197
+1%
|
199
+1%
|
198
0%
|
199
+1%
|
191
-4%
|
185
-3%
|
179
-3%
|
180
+0%
|
188
+5%
|
195
+4%
|
206
+6%
|
229
+11%
|
273
+19%
|
319
+17%
|
354
+11%
|
380
+7%
|
386
+1%
|
390
+1%
|
400
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(98)
|
(99)
|
(98)
|
(99)
|
(102)
|
(102)
|
(104)
|
(103)
|
(101)
|
(103)
|
(104)
|
(106)
|
(109)
|
(110)
|
(111)
|
(111)
|
(112)
|
(117)
|
(126)
|
(133)
|
(142)
|
(144)
|
(145)
|
(146)
|
(144)
|
(145)
|
(141)
|
(138)
|
(135)
|
(135)
|
(140)
|
(146)
|
(155)
|
(173)
|
(206)
|
(239)
|
(264)
|
(279)
|
(279)
|
(281)
|
(288)
|
|
Gross Profit |
41
N/A
|
41
+1%
|
40
-3%
|
40
-1%
|
37
-7%
|
37
-1%
|
37
+2%
|
37
-1%
|
38
+1%
|
37
-3%
|
37
+1%
|
38
+2%
|
37
-2%
|
39
+5%
|
38
-2%
|
36
-5%
|
36
-1%
|
36
+2%
|
39
+8%
|
44
+11%
|
48
+11%
|
51
+5%
|
52
+3%
|
53
+2%
|
54
+2%
|
54
+1%
|
50
-8%
|
47
-6%
|
45
-5%
|
44
-1%
|
48
+8%
|
49
+3%
|
51
+3%
|
56
+9%
|
67
+20%
|
80
+20%
|
90
+13%
|
102
+13%
|
107
+5%
|
109
+2%
|
112
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(25)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(26)
|
(27)
|
(28)
|
(29)
|
(29)
|
(30)
|
(29)
|
(30)
|
(29)
|
(28)
|
(27)
|
(27)
|
(28)
|
(28)
|
(30)
|
(32)
|
(43)
|
(51)
|
(56)
|
(62)
|
(56)
|
(53)
|
(54)
|
|
Selling, General & Administrative |
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(25)
|
(24)
|
(24)
|
(24)
|
(24)
|
(26)
|
(26)
|
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(30)
|
(29)
|
(28)
|
(28)
|
(27)
|
(28)
|
(28)
|
(30)
|
(32)
|
(37)
|
(42)
|
(46)
|
(49)
|
(49)
|
(50)
|
(51)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(9)
|
(10)
|
(13)
|
(7)
|
(4)
|
(4)
|
|
Operating Income |
17
N/A
|
18
+2%
|
16
-9%
|
15
-4%
|
13
-15%
|
12
-6%
|
13
+4%
|
13
+2%
|
13
+3%
|
13
-5%
|
14
+6%
|
14
+1%
|
13
-7%
|
14
+12%
|
14
-2%
|
12
-12%
|
12
-3%
|
12
+3%
|
14
+14%
|
17
+24%
|
21
+19%
|
22
+9%
|
23
+4%
|
24
+1%
|
25
+5%
|
25
-1%
|
21
-13%
|
19
-11%
|
17
-9%
|
17
+1%
|
20
+17%
|
22
+7%
|
22
-1%
|
24
+9%
|
24
N/A
|
29
+22%
|
35
+21%
|
40
+16%
|
51
+27%
|
56
+9%
|
58
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
|
Non-Reccuring Items |
0
|
(0)
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
5
|
21
|
21
|
22
|
16
|
(0)
|
(0)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
17
N/A
|
17
+2%
|
16
-10%
|
15
-8%
|
12
-19%
|
11
-5%
|
12
+5%
|
12
-1%
|
12
N/A
|
11
-7%
|
12
+6%
|
13
+9%
|
12
-2%
|
14
+12%
|
14
-1%
|
12
-11%
|
12
-2%
|
11
-7%
|
12
+12%
|
15
+24%
|
18
+19%
|
21
+13%
|
22
+4%
|
22
+1%
|
24
+7%
|
24
0%
|
20
-14%
|
18
-11%
|
16
-9%
|
17
+3%
|
20
+20%
|
22
+7%
|
21
-1%
|
22
+4%
|
27
+25%
|
48
+73%
|
53
+11%
|
59
+11%
|
63
+8%
|
52
-18%
|
54
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(7)
|
(11)
|
(11)
|
(12)
|
(13)
|
(10)
|
(9)
|
|
Income from Continuing Operations |
11
|
11
|
10
|
10
|
8
|
7
|
8
|
8
|
8
|
7
|
8
|
8
|
8
|
9
|
9
|
8
|
8
|
7
|
9
|
11
|
14
|
16
|
17
|
18
|
20
|
20
|
18
|
15
|
13
|
14
|
16
|
17
|
16
|
17
|
21
|
37
|
42
|
47
|
50
|
42
|
45
|
|
Net Income (Common) |
11
N/A
|
11
+1%
|
10
-10%
|
10
-8%
|
8
-20%
|
7
-4%
|
8
+5%
|
8
-1%
|
8
N/A
|
7
-7%
|
8
+6%
|
8
+9%
|
8
-2%
|
9
+14%
|
9
-1%
|
8
-11%
|
9
+15%
|
9
-4%
|
10
+16%
|
13
+24%
|
14
+13%
|
16
+13%
|
17
+4%
|
18
+9%
|
20
+8%
|
20
+1%
|
18
-12%
|
15
-15%
|
13
-11%
|
14
+2%
|
16
+18%
|
17
+5%
|
16
-6%
|
17
+4%
|
21
+25%
|
37
+75%
|
42
+15%
|
47
+11%
|
50
+6%
|
42
-16%
|
45
+7%
|
|
EPS (Diluted) |
1.59
N/A
|
1.59
N/A
|
1.43
-10%
|
1.31
-8%
|
1.05
-20%
|
1
-5%
|
1.06
+6%
|
1.05
-1%
|
1.05
N/A
|
0.98
-7%
|
1.04
+6%
|
1.13
+9%
|
1.1
-3%
|
1.26
+15%
|
1.24
-2%
|
1.1
-11%
|
1.26
+15%
|
1.18
-6%
|
1.37
+16%
|
1.7
+24%
|
1.93
+14%
|
2.16
+12%
|
2.24
+4%
|
2.43
+8%
|
2.63
+8%
|
2.65
+1%
|
2.34
-12%
|
1.99
-15%
|
1.77
-11%
|
1.81
+2%
|
2.12
+17%
|
2.22
+5%
|
2.09
-6%
|
2.18
+4%
|
2.73
+25%
|
4.79
+75%
|
5.42
+13%
|
6.05
+12%
|
6.44
+6%
|
5.43
-16%
|
5.83
+7%
|