---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006922"
form_type: "8-K"
ticker: "UFPT"
cik: "0000914156"
company_name: "UFP TECHNOLOGIES INC"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:22:58.082277+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# UFP Technologies Q3 adjusted net income up 13.8% to $11.9M; sales $100.8M

## Summary
- Sales Q3 $100.8M (+3.9% YoY); YTD $298.6M (+13.7%). Organic growth 5.6% in Q3.
- Adjusted net income Q3 $11.9M (+13.8%); YTD $35.8M (+44.4%). Adjusted EBITDA $19.3M.
- Medical sales Q3 $87.1M (+6.8%); gross margin improved to 27.5% from 26.3% YoY.
- CEO notes customer inventory softness short-term; expansion in Dominican Republic (+40k sq ft) and Costa Rica (+15k sq ft) to boost capacity.
- GAAP net income Q3 $11.7M down from $19.5M due to prior-year gain on Molded Fiber sale.

## SEC filing metadata
- accession: 0001171843-23-006922
- form_type: 8-K
- ticker: UFPT
- cik: 0000914156
- company_name: UFP TECHNOLOGIES INC
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914156/000117184323006922/0001171843-23-006922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914156/000117184323006922/f8k_110923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006922
- JSON: https://secwatch.observer/filing/0001171843-23-006922.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006922.txt

## Key facts
- Earnings Releases
  UFP TECHNOLOGIES INC reported the nine-month period ended September 30, 2023 results: revenue $298.6 million, net income $33.3 million.
  - Period: the nine-month period ended September 30, 2023
  - Revenue: $298.6 million
  - Net income: $33.3 million
  - Result: reported results
  source text: Sales for the nine-month period ended September 30, 2023 were $298.6 million compared to sales of $262.6 million in the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/914156/000117184323006922/0001171843-23-006922-index.htm
- Earnings Releases
  UFP TECHNOLOGIES INC reported the third quarter of 2023 results: revenue $100.8 million, net income $11.7 million.
  - Period: the third quarter of 2023
  - Revenue: $100.8 million
  - Net income: $11.7 million
  - Result: reported results
  source text: reported that adjusted net income increased 13.8% to $11.9 million in the third quarter of 2023 from $10.4 million in the third quarter of 2022. Sales for the third quarter were $100.8 million compared to 2022 third quarter sales of $97.0 million. Adjusted net income increased 44.4% to $35.8 million for the nine-month period ended September 30, 2023 from $24.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/914156/000117184323006922/0001171843-23-006922-index.htm

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