---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003200"
form_type: "8-K"
ticker: "UG"
cik: "0000101295"
company_name: "UNITED GUARDIAN INC"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:19:38.898096+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# United-Guardian reports Q1 net sales down 34% YoY; EPS $0.16 vs $0.20

## Summary
- Net sales $2.57M, down 34% from $3.89M in Q1 2022.
- Net income $756K ($0.16 per share), down 17% from $911K ($0.20).
- Decline driven by lower cosmetic ingredient and medical lubricant sales; pharma and industrial products increased.
- Main Lubrajel distributor saw decreased demand in China and Asia due to COVID-19 policies and destocking.

## SEC filing metadata
- accession: 0001171843-23-003200
- form_type: 8-K
- ticker: UG
- cik: 0000101295
- company_name: UNITED GUARDIAN INC
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101295/000117184323003200/0001171843-23-003200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101295/000117184323003200/f8k_050523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003200
- JSON: https://secwatch.observer/filing/0001171843-23-003200.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003200.txt

## Key facts
- Earnings Releases
  UNITED GUARDIAN INC reported the first quarter of fiscal year 2023, which ended on March 31, 2023 results: revenue $2,570,324, net income $756,081 ($0.16 per share).
  - Period: the first quarter of fiscal year 2023, which ended on March 31, 2023
  - Revenue: $2,570,324
  - Net income: $756,081 ($0.16 per share)
  - Result: reported results
  source text: for the first quarter of fiscal year 2023, which ended on March 31, 2023. Net sales decreased 34% compared to the prior year’s first quarter, decreasing from $3,892,358 to $2,570,324. Net income for the quarter decreased by 17% from $911,465 ($0.20 per share) in 2022 to $756,081 ($0.16 per share) this year. Beatriz Blanco, President of United-Guardian,
  evidence_url: https://www.sec.gov/Archives/edgar/data/101295/000117184323003200/0001171843-23-003200-index.htm

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