UFP Technologies reports record 2024 revenue of $504.4M, adj. EPS $8.68, up 31%

UFP TECHNOLOGIES INC

2024-FY EPS reported $7.58 revenue$504,421,000

Full-year net income $59.0M (+31.3%); adjusted net income $67.6M (+32.5%); GAAP EPS $7.58, adj. EPS $8.68.
Q4 sales $144.1M (+41.9%); Q4 adj. net income $19.2M (+51.6%); Q4 adj. EPS $2.46.
MedTech sales grew 48.6% in Q4 and 30.2% for full year; gross margin improved to 29.1% from 28.1%.
Adjusted EBITDA for 2024 reached $107.3M, up 39.1% from $77.2M in 2023.
CEO cites acquisitions performing ahead, Dominican Republic expansion, and two major programs launching H2 2025.

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