---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-000970"
form_type: "8-K"
ticker: "UFPT"
cik: "0000914156"
company_name: "UFP TECHNOLOGIES INC"
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T16:20:42.110117+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# UFP Technologies reports record 2023; EPS up 7% to $5.83, sales +13.1%

## Summary
- FY2023 net sales $400.1M (+13.1% YoY); net income $44.9M ($5.83 diluted EPS) vs $41.8M ($5.45).
- Q4 sales $101.5M (+11.2%); net income $11.6M ($1.51) vs $8.5M ($1.10) year ago.
- MedTech sales grew 21% to $346.4M; adjusted operating income +37.9% to $61.3M.
- Adjusted net income per diluted share up 41.0% for full year; adjusted EBITDA $77.3M.
- Added 70% capacity for robotic surgery with new clean rooms in Ireland, Costa Rica, Dominican Republic.

## SEC filing metadata
- accession: 0001171843-24-000970
- form_type: 8-K
- ticker: UFPT
- cik: 0000914156
- company_name: UFP TECHNOLOGIES INC
- filed_at: 2024-02-26T23:59:59+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/914156/000117184324000970/0001171843-24-000970-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914156/000117184324000970/f8k_022324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000970
- JSON: https://secwatch.observer/filing/0001171843-24-000970.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000970.txt

## Key facts
- Earnings Releases
  UFP TECHNOLOGIES INC reported fourth quarter ended December 31, 2023 results: revenue $101.5 million, net income $11.6 million, EPS $1.51 per diluted common share outstanding.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: $101.5 million
  - Net income: $11.6 million
  - EPS: $1.51 per diluted common share outstanding
  - Result: reported results
  source text: per diluted common share outstanding, compared to $8.5 million or $1.10 per diluted common share outstanding in the same period of 2022. Sales for the fourth quarter 2023 were $101.5 million, 11.2% higher than 2022 fourth quarter sales of $91.2 million. “I am very pleased with our fourth quarter and full year 2023 results,” said R. Jeffrey Bailly, Chairman & CEO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/914156/000117184324000970/0001171843-24-000970-index.htm
- Earnings Releases
  UFP TECHNOLOGIES INC reported year ended December 31, 2023 results: revenue $400.1 million, net income $44.9 million, EPS $5.83 per diluted common share outstanding.
  - Period: year ended December 31, 2023
  - Revenue: $400.1 million
  - Net income: $44.9 million
  - EPS: $5.83 per diluted common share outstanding
  - Result: reported results
  source text: share outstanding for its year ended December 31, 2023, compared to net income of $41.8 million or $5.45 per diluted common share outstanding for 2022. Net sales for 2023 were $400.1 million, 13.1% higher than 2022 sales of $353.8 million. For its fourth quarter ended December 31, 2023, the Company reported net income of $11.6 million or $1.51 per diluted common
  evidence_url: https://www.sec.gov/Archives/edgar/data/914156/000117184324000970/0001171843-24-000970-index.htm

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