UFP Technologies (UFPT) FY2013 results: revenue $139 million, up 6.3% on the year
UFP Technologies Inc. (UFPT) reported revenue of $139 million for fiscal 2013, the year ended 31 December 2013, up 6.3% on the year before. Net income was $11 million, up 3.5%, and diluted earnings per share $1.59. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2014.
Revenue
$139 million
+6.3% on the year
FY2009FY2013
Operating margin
12.5%
12.7% a year earlier
FY2009FY2013
Net income
$11 million
+3.5% on the year
FY2009FY2013
Diluted EPS
$1.59
+2.6% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
139
131
127
+6.3%
Cost of revenue
98.2
92.8
91.0
+5.9%
Gross profit
41.0
38.3
36.2
+7.0%
Gross margin
29.5%
29.3%
28.5%
Research and development
1.2
1.3
1.2
-7.7%
Selling, general and administrative
23.6
21.7
21.4
+9.0%
Operating income
17.4
16.7
15.7
+4.4%
Operating margin
12.5%
12.7%
12.4%
Pre-tax income
17.2
16.6
15.7
+3.7%
Income tax
5.9
5.7
4.9
+4.2%
Effective tax rate
34.4%
34.3%
31.3%
Net income
11.3
10.9
10.3
+3.5%
Net margin
8.1%
8.3%
8.1%
Diluted EPS
$1.59
$1.55
$1.48
+2.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
16.1
16.2
11.7
-0.3%
Capital expenditure
5.8
12.0
3.7
-51.4%
Free cash flow
10.3
4.2
8.0
+146.5%
Free cash flow margin
7.4%
3.2%
6.3%
Depreciation and amortisation
4.1
2.9
2.8
+39.5%
Share-based compensation
0.9
0.9
1.1
+7.4%
Diluted shares, weighted
7m
7m
7m
+1.1%
Shares outstanding at period end
7m
7m
7m
+2.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
85.6
73.3
61.3
+16.8%
Non-controlling interest
n/a
n/a
0.7
Debt
3.8
9.9
6.2
-61.0%
Other liabilities
15.6
15.5
11.5
+0.6%
Total liabilities and equity
105
98.6
79.7
+6.5%
Fixed assets
25.5
23.3
13.3
+9.4%
Goodwill
7.3
7.0
6.5
+4.0%
Intangible assets
1.3
2.1
0.4
-35.4%
Cash and equivalents
37.3
33.5
29.8
+11.4%
Receivables
17.0
17.8
15.6
-4.5%
Inventory
11.0
9.7
9.8
+14.0%
Other assets
5.5
5.2
4.3
+5.7%
Total assets
105
98.6
79.7
+6.5%
10-K for the year ended 31 December 2013, filed 14 March 2014: the filing.