---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002774"
form_type: "8-K"
ticker: "UFPT"
cik: "0000914156"
company_name: "UFP TECHNOLOGIES INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:26:49.450619+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# UFP Technologies Q1 net income $9.7M ($1.27 EPS), revenue up 37% to $97.8M

## Summary
- Medical market sales surged 59.5% to $83.8M, led by 112% growth in robotic surgery.
- Gross margin improved 530 bps to 29.4% from 24.1% a year ago, boosting profitability.
- Operating income rose 101.9% to $12.8M; adjusted operating income up 120.3% to $15.7M.
- EBITDA grew 64.8% to $15.5M; adjusted EBITDA jumped 78.7% to $19.5M.
- Company absorbed $2.85M contingent consideration charge for DAS acquisition, reflects strong performance.

## SEC filing metadata
- accession: 0001171843-23-002774
- form_type: 8-K
- ticker: UFPT
- cik: 0000914156
- company_name: UFP TECHNOLOGIES INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914156/000117184323002774/0001171843-23-002774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914156/000117184323002774/f8k_050223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002774
- JSON: https://secwatch.observer/filing/0001171843-23-002774.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002774.txt

## Key facts
- Earnings Releases
  UFP TECHNOLOGIES INC reported first quarter ended March 31, 2023 results: revenue $97.8 million, net income $9.7 million, EPS $1.27 per diluted common share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $97.8 million
  - Net income: $9.7 million
  - EPS: $1.27 per diluted common share
  - Result: reported results
  source text: UFP Technologies, Inc. (Nasdaq: UFPT), a designer and custom manufacturer of comprehensive solutions primarily for the medical market, today reported net income of $9.7 million or $1.27 per diluted common share outstanding for its first quarter ended March 31, 2023, compared to net income of $4.9 million or $0.64 per diluted common share outstanding for the first quarter of 2022. Net Sales for the first quarter were $97.8 million compared to 2022 first quarter sales of $71.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/914156/000117184323002774/0001171843-23-002774-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.