UFP Technologies (UFPT) FY2014 results: revenue $139 million, up 0.1% on the year
UFP Technologies Inc. (UFPT) reported revenue of $139 million for fiscal 2014, the year ended 31 December 2014, up 0.1% on the year before. Net income was $8 million, down 33.0%, and diluted earnings per share $1.05. The figures are the company's own, from the 10-K it filed with the SEC on 13 March 2015.
Revenue
$139 million
+0.1% on the year
FY2009FY2014
Operating margin
8.3%
12.5% a year earlier
FY2009FY2014
Net income
$8 million
-33.0% on the year
FY2009FY2014
Diluted EPS
$1.05
-34.0% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
139
139
131
+0.1%
Cost of revenue
102
98.2
92.8
+4.3%
Gross profit
36.9
41.0
38.3
-10.1%
Gross margin
26.5%
29.5%
29.3%
Research and development
1.4
1.2
1.3
+16.7%
Selling, general and administrative
23.8
23.6
21.7
+1.0%
Operating income
11.6
17.4
16.7
-33.5%
Operating margin
8.3%
12.5%
12.7%
Interest expense
0.2
n/a
n/a
Pre-tax income
11.8
17.2
16.6
-31.6%
Income tax
4.2
5.9
5.7
-28.9%
Effective tax rate
35.8%
34.4%
34.3%
Net income
7.6
11.3
10.9
-33.0%
Net margin
5.4%
8.1%
8.3%
Diluted EPS
$1.05
$1.59
$1.55
-34.0%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
11.1
16.1
16.2
-30.9%
Capital expenditure
13.4
5.8
12.0
+130.5%
Free cash flow
-2.3
10.3
4.2
Free cash flow margin
-1.7%
7.4%
3.2%
Depreciation and amortisation
4.4
4.1
2.9
+7.1%
Share-based compensation
1.1
0.9
0.9
+21.1%
Diluted shares, weighted
7m
7m
7m
+1.0%
Shares outstanding at period end
7m
7m
7m
+2.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
95.0
85.6
73.3
+11.0%
Debt
2.9
3.8
9.9
-25.4%
Other liabilities
14.7
15.6
15.5
-5.8%
Total liabilities and equity
113
105
98.6
+7.2%
Fixed assets
34.8
25.5
23.3
+36.6%
Goodwill
7.3
7.3
7.0
0.0%
Intangible assets
1.0
1.3
2.1
-29.2%
Cash and equivalents
34.1
37.3
33.5
-8.7%
Receivables
16.5
17.0
17.8
-3.3%
Inventory
12.9
11.0
9.7
+16.7%
Other assets
6.0
5.5
5.2
+10.1%
Total assets
113
105
98.6
+7.2%
10-K for the year ended 31 December 2014, filed 13 March 2015: the filing.