---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-001525"
form_type: "8-K"
ticker: "UG"
cik: "0000101295"
company_name: "UNITED GUARDIAN INC"
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T08:55:21.653817+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# United-Guardian FY 2023 net income flat at $2.58M; net sales down 14% to $10.89M

## Summary
- Net sales of $10.89M decreased 14% from $12.70M in 2022; net income $2.58M ($0.56 EPS) unchanged.
- Cosmetic ingredients sales fell due to customer destocking and just-in-time ordering, led by largest distributor.
- Renacidin supply disruption at end of 2023; production has now resumed through contract manufacturer.
- Management sees brighter 2024 with Renacidin restocking, customer reordering, and distributor negotiations.
- No guidance or dividend change mentioned in the release.

## SEC filing metadata
- accession: 0001171843-24-001525
- form_type: 8-K
- ticker: UG
- cik: 0000101295
- company_name: UNITED GUARDIAN INC
- filed_at: 2024-03-22T23:59:59+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/101295/000117184324001525/0001171843-24-001525-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101295/000117184324001525/f8k_032024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-001525
- JSON: https://secwatch.observer/filing/0001171843-24-001525.json
- Plain text: https://secwatch.observer/filing/0001171843-24-001525.txt

## Key facts
- Earnings Releases
  UNITED GUARDIAN INC reported FY 2023 results: revenue $10,885,154, net income $2,581,370 ($0.56 per share).
  - Period: FY 2023
  - Revenue: $10,885,154
  - Net income: $2,581,370 ($0.56 per share)
  - Result: reported results
  source text: Net sales for the year decreased by 14% from $12,698,503 in 2022 to $10,885,154 in 2023, generating net income of $2,581,370 ($0.56 per share) in 2023 compared to $2,569,512 ($0.56 per share) in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101295/000117184324001525/0001171843-24-001525-index.htm

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