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UFP Technologies Inc reports results for the quarter ended September 30 - Earnings Summary

UFP Technologies reported adjusted earnings of $2.88 per share for the quarter ended September 30, up from $2.11 a year earlier and above analysts’ $2.69 average expectation. Revenue rose 11.6% to $172.43 million, also exceeding the $166.89 million analysts expected; reported earnings per share were $2.64.

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What happened

UFP Technologies reported third-quarter revenue of $172.43 million, up 11.6% from a year earlier and above analysts’ expectations. Adjusted profit was $2.88 per share, also above expectations; reported profit was $2.64 per share. MedTech sales rose 12.5%, while operating margin stayed at 16%.

Global impact / market context

The company’s revenue and adjusted profit were higher than analysts expected, and sales grew from a year earlier. These figures give investors information about this quarter, but the supplied facts do not show how markets reacted or what happens next.

What to watch

  1. Check the company’s next revenue report to see whether year-over-year growth continues; this quarter’s revenue grew 11.6%.
  2. Check the next adjusted profit per share against $2.88 to see whether the result holds up.
  3. Check next-quarter MedTech sales and operating margin; sales rose 12.5%, while the margin stayed at 16% this quarter.

Affected assets

  • UFP Technologies Inc

Evidence