UFPT Investor News

UFP Technologies, Inc., an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today announced Jeff Bailly, Chairman & Chief Executive Officer, and Ron Lataille, Chief Financial Officer, will present at the virtual Southwest IDEAS Investor Conference on November 18, 2020. The Company’s presentation will be webcast and is scheduled to be available at 7:00 am CST on November 18th. Management will also be hosting one-on-one meetings with investors throughout the day. Investors interested in participating in the virtual conference or scheduling a meeting with the Company may reach out to Jeff Elliott with Three Part Advisors, LLC at 972-423-7070.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $3.0 million or $0.40 per diluted common share outstanding for its third quarter ended September 30, 2020, compared to net income of $5.6 million or $0.75 per diluted common share outstanding for the same period in 2019. Sales for the third quarter were $43.3 million compared to third quarter sales of $49.4 million in 2019. Net income for the nine-month period ended September 30, 2020 was $9.2 million or $1.22 per diluted common share outstanding compared to $14.0 million or $1.87 per diluted common share outstanding for the same period in 2019. Sales for the nine-month period ended September 30, 2020 were $134.2 million compared to sales of $148.1 million for the same period in 2019.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $2.3 million or $0.31 per diluted common share outstanding for its second quarter ended June 30, 2020, compared to net income of $4.6 million or $0.62 per diluted common share outstanding for the same period in 2019. Sales for the second quarter were $42.6 million compared to second quarter sales of $51.4 million in 2019. Net income for the six-month period ended June 30, 2020 was $6.2 million or $0.82 per diluted common share outstanding compared to $8.3 million or $1.11 per diluted common share outstanding for the same period in 2019. Sales for the six-month period ended June 30, 2020 were $90.9 million compared to sales of $98.7 million for the same period in 2019.

UFP Technologies (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today announced that Ron Lataille, Chief Financial Officer, will be hosting virtual one-on-one meetings with investors during the virtual East Coast IDEAS Investor Conference on June 23-24, 2020. Investors interested in participating in the virtual conference or scheduling a meeting with the Company may reach out to Jeff Elliott with Three Part Advisors, LLC at 972-423-7070.

UFP Technologies, Inc.  (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $3.9 million or $0.52 per diluted common share outstanding for its first quarter ended March 31, 2020, compared to net income of $3.7 million or $0.50 per diluted common share outstanding for the same quarter in 2019.  Sales for the first quarter were $48.3 million compared to 2019 first quarter sales of $47.3 million.  

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $19.8 million or $2.63 per diluted common share outstanding for its year ended December 31, 2019, compared to net income of $14.3 million or $1.93 per diluted common share outstanding for 2018. Sales for 2019 were $198.4 million compared to 2018 sales of $190.5 million.

UFP Technologies (UFPT), today announced that R. Jeffrey Bailly, Chairman & CEO, and Ron Lataille, Chief Financial Officer, will present at the Southwest IDEAS Investor Conference on Wednesday, November 20, 2019, at the Westin Dallas Downtown in Dallas-TX. UFPT’s presentation is scheduled to begin at 9:45am CT. The presentation will be webcast live and may be accessed at the conference website, www.IDEASConferences.com, or in the investor relations section of the company's website: http://www.ufpt.com.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $5.6 million or $0.75 per diluted common share outstanding for its third quarter ended Septem-ber 30, 2019, up 36.5% from net income of $4.1 million or $0.56 per diluted common share outstanding for the same period in 2018. Sales for the third quarter were $49.4 million, up 3.3% from third quarter sales of $47.8 million in 2018.

UFP Technologies, Inc. (NASDAQ: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials primarily for the medical market, today announced that R. Jeffrey Bailly, Chairman & CEO, and Ron Lataille, SVP & CFO, will be presenting at the Midwest IDEAS Investor Conference on Wednesday, August 28, 2019, at the Gwen Hotel in Chicago, Illinois.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $4.6 million or $0.62 per diluted common share outstanding for its second quarter ended June 30, 2019, compared to net income of $4.0 million or $0.54 per diluted common share outstanding for the same period in 2018. Sales for the second quarter were $51.4 million compared to second quarter sales of $49.0 million in 2018.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $3.7 million or $0.50 per diluted common share outstanding for its first quarter ended March 31, 2019, compared to net income of $1.8 million or $0.24 per diluted common share outstanding for the same quarter in 2018. Sales for the first quarter were $47.3 million compared to 2018 first quarter sales of $42.9 million.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $14.3 million or $1.93 per diluted common share outstanding for its year ended December 31, 2018, compared to net income of $9.2 million or $1.26 per diluted common share outstanding for 2017. Sales for 2018 were $190.5 million compared to 2017 sales of $147.8 million.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials, today reported net income of $4.1 million or $0.56 per diluted common share outstanding for its third quarter ended September 30, 2018, more than double net income of $1.7 million or $0.23 per diluted common share outstanding for the same period in 2017.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials, today reported net income of $4.0 million or $0.54 per diluted common share outstanding for its second quarter ended June 30, 2018, compared to net income of $2.6 million or $0.36 per diluted common share outstanding for the same period in 2017. Sales for the second quarter were $49.0 million compared to second quarter sales of $37.9 million in 2017. Net income for the six-month period ended June 30, 2018 was $5.8 million or $0.78 per diluted common share outstanding compared to $4.8 million or $0.66 per diluted common share outstanding for the same period in 2017. Sales for the six-month period ended June 30, 2018 were $91.9 million compared to sales of $74.9 million for the same period in 2017.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, composites, and natural fiber materials, today reported net income of $1.8 million or $0.24 per diluted common share outstanding for its first quarter ended March 31, 2018. This compares to net income of $2.2 million or $0.30 per diluted common share outstanding for the same period in 2017. Sales for the first quarter, including sales from Dielectrics, Inc. from February 1, 2018, the date it was acquired, were $42.9 million compared to 2017 first quarter sales of $37.1 million.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, composites, and natural fiber materials, today reported net income of $9.2 million or $1.26 per diluted common share outstanding for its fiscal year ended December 31, 2017, compared to net income of $8.0 million or $1.10 per diluted common share outstanding for its 2016 fiscal year. Sales for 2017 were $147.8 million compared to 2016 sales of $146.1 million. For its fourth quarter ended December 31, 2017, the Company reported net income of $2.7 million or $0.37 per diluted common share outstanding, compared to net income of $1.5 million or $0.20 per diluted common share outstand¬ing in the same period of 2016. Sales for the fourth quarter 2017 were $37.2 million versus 2016 fourth quarter sales of $36.5 million.

UFP Technologies, a designer and custom converter of foams, plastics and specialty materials, today announced the acquisition of Dielectrics, Inc. Founded in 1954 and based in Chicopee, Massachusetts, Dielectrics is a leader in the design, development, and manufacture of medical devices using thermoplastic materials. Sales in 2017 were approximately $43 million.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials, today reported net income of $1.7 million or $0.23 per diluted common share outstanding for its third quarter ended September 30, 2017, compared to net income of $2.7 million or $0.37 per diluted common share outstanding for the same period in 2016. Sales for the third quarter were $35.7 million, compared to third quarter sales of $37.2 million in 2016. Net income for the nine-month period ended September 30, 2017, was $6.5 million or $0.89 per diluted common share outstanding compared to $6.5 million or $0.89 per diluted common share outstanding for the same period in 2016. Sales for the nine-month period ended September 30, 2017, were $110.6 million compared to sales of $109.6 million for the same period in 2016.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials, today reported net income of $2.6 million or $0.36 per diluted common share outstanding for its second quarter ended June 30, 2017, compared to net income of $2.7 million or $0.38 per diluted common share outstanding for the same period in 2016. Sales for the second quarter were $37.9 million, consistent with second quarter sales of $37.9 million in 2016. Net income for the six-month period ended June 30, 2017, was $4.8 million or $0.66 per diluted common share outstanding compared to $3.8 million or $0.53 per diluted common share outstanding for the same period in 2016. Sales for the six-month period ended June 30, 2017, were $74.9 million compared to sales of $72.4 million for the same period in 2016.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, composites, and natural fiber materials, announced today that it has elected Cynthia Feldmann to its Board of Directors; she will also serve as Chair of the Audit Committee and member of the Nominating Committee.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, composites, and natural fiber materials, today reported net income of $2.2 million or $0.30 per diluted common share outstanding for its first quarter ended March 31, 2017, doubling net income of $1.1 million or $0.15 per diluted common share outstanding for the same period in 2016. Sales for the first quarter were $37.1 million compared to 2016 first quarter sales of $34.5 million.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, composites, and natural fiber materials, today reported net income of $8.0 million or $1.10 per diluted common share outstanding for its fiscal year ended December 31, 2016, compared to net income of $7.6 million or $1.05 per diluted common share outstanding for its 2015 fiscal year. Sales for 2016 were $146.1 million compared to 2015 sales of $138.9 million. For its fourth quarter ended December 31, 2016, the Company reported net income of $1.5 million or $0.20 per diluted common share outstanding, compared to net income of $1.7 million or $0.23 per diluted common share outstand¬ing in the same period of 2015. Sales for the fourth quarter 2016 were $36.5 million versus 2015 fourth quarter sales of $33.9 million.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials, today reported net income of $2.7 million or $0.37 per diluted common share outstanding for its third quarter ended September 30, 2016, compared to net income of $2.0 million or $0.28 per diluted common share outstanding for the same period in 2015. Sales for the third quarter were $37.2 million, 8.1% higher than third quarter sales of $34.4 million in 2015.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, composites, and natural fiber materials, today reported net income of $2.7 million or $0.38 per diluted common share outstanding for its second quarter ended June 30, 2016, a 20.4% increase over net income of $2.3 million or $0.32 per diluted common share outstanding for the same period in 2015. Sales for the second quarter were $37.9 million, 3.8% higher than second quarter sales of $36.5 million in 2015.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, and natural fiber materials, today reported net income of $1.1 million or $0.15 per diluted common share outstanding for its first quarter ended March 31, 2016, compared to net income of $1.7 million or $0.23 per diluted common share outstanding for the same period in 2015. Sales for the first quarter were $34.5 million, compared to first quarter 2015 sales of $34.0 million.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, composites, and natural fiber materials, today reported net income of $7.6 million or $1.05 per diluted common share outstanding for its fiscal year ended December 31, 2015, consistent with net income of $7.6 million or $1.05 per diluted common share outstanding for its 2014 fiscal year. Excluding restructuring costs of approximately $1.8 million, 2015 net income was $8.7 million or $1.21 per diluted common share outstanding. Sales for 2015 were $138.9 million, as compared to 2014 sales of $139.3 million.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, announced today it has expanded its Board of Directors to eight members with the appointment of Dan Croteau.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.0 million or $0.28 per diluted common share outstanding for its third quarter ended September 30, 2015, compared to net income of $2.1 million or $0.29 per diluted common share outstanding for the same period in 2014. Sales for the third quarter were $34.4 million, 2.7% lower than third quarter sales of $35.4 million in 2014.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.3 million or $0.32 per diluted common share outstanding for its second quarter ended June 30, 2015, 22% greater than net income of $1.9 million or $0.26 per diluted common share outstanding for the same period in 2014. Sales for the second quarter were $36.5 million, 7.3% higher than second quarter sales of $34.0 million in 2014.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today announced that its Board of Directors has authorized a stock repurchase program of up to $10 million of the Company's common stock.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $1.7 million or $0.23 per diluted common share outstanding for its first quarter ended March 31, 2015, as compared to net income of $2.1 million or $0.29 per diluted common share outstanding for the same period in 2014. Sales for the first quarter were $34.0 million, as compared to first quarter 2014 sales of $34.6 million.

UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom converter of foams, plastics, composites and natural fiber materials, today reported net income of $7.6 million or $1.05 per diluted common share outstanding for its fiscal year ended December 31, 2014, as compared to net income of $11.3 million or $1.59 per diluted common share outstanding for its 2013 fiscal year. Excluding restructuring costs of approximately $1.6 million, net income was $8.7 million or $1.21 per diluted common share outstanding. Sales for 2014 were $139.3 million, as compared to 2013 sales of $139.2 million.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.1 million or $0.29 per diluted common share outstanding for its third quarter ended September 30, 2014, compared to net income of $2.9 million or $0.41 per diluted common share outstanding for the same period in 2013. Sales for the third quarter were $35.4 million compared to third quarter 2013 sales of $34.7 million.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $1.9 million or $0.26 per diluted common share outstanding for its second quarter ended June 30, 2014, compared to net income of $3.0 million or $0.42 per diluted common share outstanding for the same period in 2013. Sales for the second quarter were $34.0 million compared to second quarter 2013 sales of $35.8 million.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.1 million or $0.29 per diluted common share outstanding for its first quarter ended March 31, 2014, consistent with net income of $2.0 million or $0.29 per diluted common share outstanding for the same period in 2013. Sales for the first quarter were $34.6 million, 2.7% higher than first quarter 2013 sales of $33.7 million.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $11.3 million or $1.59 per diluted common share outstanding for its fiscal year ended December 31, 2013, 3.5% higher than net income of $10.9 million or $1.55 per diluted common share outstanding for its 2012 fiscal year. Sales for 2013 were $139.2 million, 6.3% higher than 2012 sales of $131.0 million.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.9 million or $0.41 per diluted common share outstanding for its third quarter ended September 30, 2013, 11.2% higher than net income of $2.6 million or $0.37 per diluted common share outstanding for the same period in 2012.

Georgetown, Mass., August 1, 2013. UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $3.0 million or $0.42 per diluted common share outstanding for its second quarter ended June 30, 2013, 8.6% higher than net income of $2.7 million or $0.39 per diluted common share outstanding for the same period in 2012.

Georgetown, Mass., May 3, 2013. UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.0 million or $0.29 per diluted common share outstanding for its first quarter ended March 31, 2013, 13.6% less than net income of $2.3 million or $0.33 per diluted common share outstanding for the same period in 2012. Sales for the first quarter of 2013 were $33.7 million or 5.5% greater than 2012 first quarter sales of $32.0 million.

UFP Technologies, Inc., a manufacturer of packaging and component products, today reported net income of $10.9 million or $1.55 per diluted common share outstanding for its fiscal year ended December 31, 2012, 5.3% higher than net income of $10.3 million or $1.48 per diluted common share outstanding for its 2011 fiscal year. Sales for 2012 were $131.0 million, 2.9% higher than 2011 sales of $127.2 million.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.6 million or $0.37 per diluted common share outstanding for its third quarter ended September 30, 2012, 6.6% higher than net income of $2.4 million or $0.35 per diluted common share outstanding for the same period in 2011.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.7 million or $0.39 per diluted common share outstanding for its second quarter ended June 30, 2012, consistent with net income of $2.7 million or $0.39 per diluted common share outstanding for the same period in 2011.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.3 million or $0.33 per diluted common share outstanding for its first quarter ended March 31, 2012, 6.5% greater than net income of $2.2 million or $0.32 per diluted common share outstanding for the same period in 2011.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $10.3 million or $1.48 per diluted common share outstanding for its fiscal year ended December 31, 2011, 11.9% higher than net income of $9.2 million or $1.37 per diluted common share outstanding for its 2010 fiscal year.

UFP Technologies, Inc., a manufacturer of packaging and component products, today reported net income of $2.435 million or $0.35 per diluted common share outstanding for its third quarter ended September 30, 2011, 3% higher than net income of $2.365 million or $0.35 per diluted common share outstanding for the same period in 2010.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.7 million or $0.39 per diluted common share outstanding for its second quarter ended June 30, 2011, 18.4% higher than net income of $2.3 million or $0.34 per diluted common share outstanding for the same period in 2010.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.2 million or $0.32 per diluted common share outstanding for its first quarter ended March 31, 2011, 46% higher than net income of $1.5 million or $0.23 per diluted common share outstanding for the same period in 2010.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $9.2 million or $1.37 per diluted common share outstanding for its fiscal year ended December 31, 2010, 56% higher than net income of $5.9 million or $0.94 per diluted common share outstanding for its 2009 fiscal year.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.4 million or $0.35 per diluted common share outstanding for its third quarter ended September 30, 2010, compared to $2.1 million or $0.34 per diluted common share outstanding for the same period in 2009.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.3 million or $0.34 per diluted common share outstanding for its second quarter ended June 30, 2010, compared to $566,000 or $0.09 per diluted common share outstanding for the same period in 2009.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, announced today that it has been added to the broad-market Russell Microcap® Index.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $1.5 million or $0.23 per diluted common share outstanding for its first quarter ended March 31, 2010, approximately four times higher than net income of $345,000 or $0.06 per diluted common share outstanding for the same period in 2009.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $5.9 million or $0.94 per diluted common share outstanding for its fiscal year ended December 31, 2009, 16% higher than net income of $5.1 million or $0.82 per diluted common share outstanding for its fiscal year 2008.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $2.1 million or $0.34 per diluted share outstanding for its third quarter ended September 30, 2009, compared to 2008 third quarter net income of $1.2 million or $0.20 per diluted share outstanding.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today announced that it has purchased certain assets of Advanced Materials Group (“AMI”) in Rancho Dominguez, California

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $566,000 or $0.09 per diluted share outstanding for its second quarter ended June 30, 2009, compared to 2008 second quarter net income of $1,574,000 or $0.25 per diluted share outstanding.

UFP Technologies, Inc. (NASDAQ: UFPT), a manufacturer of packaging and specialty component products, today announced the acquisition of E.N. Murray Co.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $345,000 or $0.06 per diluted share outstanding for its first quarter ended March 31, 2009, compared to 2008 first quarter net income of $1.1 million or $0.19 per diluted share outstanding.

UFP Technologies, Inc. (NASDAQ: UFPT), a manufacturer of packaging and component products, today announced that it has purchased certain assets of Foamade Industries, Inc., in Hillsdale, Michigan.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported record net income of $5.1 million or $0.82 per diluted common share outstanding for its fiscal year ended December 31, 2008, or 23% higher than net income of $4.2 million or $0.71 per diluted common share outstanding for its fiscal year 2007.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $1.2 million or $0.20 per diluted common share outstanding for its third quarter ended September 30, 2008, compared to net income of $883,000 or $0.15 per diluted common share outstanding for the third quarter of 2007.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $1,574,000 or $0.25 per diluted common share outstanding for its second quarter ended June 30, 2008, compared to net income of $977,000 or $0.17 per diluted common share outstanding for the second quarter of 2007.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $1.1 million or $0.19 per diluted share outstanding for its first quarter ended March 31, 2008, more than double the 2007 first quarter net income of $521,000 or $0.09 per diluted share outstanding.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today reported net income of $4.2 million, or $0.71 per diluted common share outstanding for its fiscal year ended December 31, 2007.

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and specialty component products, today announced the acquisition of Stephenson & Lawyer, Inc. located in Grand Rapids, Michigan.