secwatch.observer — SEC 8-K summary
======================================

Issuer:     UFP TECHNOLOGIES INC (UFPT)
CIK:        0000914156
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001171843-23-001594
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UFP Technologies reports record 2022 revenue $353.8M, EPS $5.45 (+160% YoY)
---------------------------------------------------------------------------

- Full-year 2022 revenue $353.8M (+71.5% YoY); net income $41.8M ($5.45 diluted EPS) vs $15.9M ($2.09) in 2021.
- Q4 2022 revenue $91.2M (+61.9% YoY); net income $8.5M ($1.10 diluted EPS) vs $3.2M ($0.42) in Q4 2021.
- Medical market sales grew 116% to $286.2M for the year; acquisitions (DAS, Contech, Advant Medical) performed above expectations.
- Organic base business grew 18.6% in 2022; adjusted operating income $44.5M vs $21.6M in 2021.
- Ended year with ~$55M debt; management bullish on synergies and new investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914156/000117184323001594/0001171843-23-001594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914156/000117184323001594/f8k_031023.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-001594

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer