UFP Technologies (UFPT) FY2016 results: revenue $146 million, up 5.2% on the year
UFP Technologies Inc. (UFPT) reported revenue of $146 million for fiscal 2016, the year ended 31 December 2016, up 5.2% on the year before. Net income was $8 million, up 5.0%, and diluted earnings per share $1.10. The figures are the company's own, from the 10-K it filed with the SEC on 10 March 2017.
Revenue
$146 million
+5.2% on the year
FY2009FY2016
Operating margin
8.4%
8.4% a year earlier
FY2009FY2016
Net income
$8 million
+5.0% on the year
FY2009FY2016
Diluted EPS
$1.10
+4.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
146
139
139
+5.2%
Cost of revenue
111
101
102
+9.9%
Gross profit
34.6
37.5
36.9
-7.5%
Gross margin
23.7%
27.0%
26.5%
Research and development
1.3
1.3
1.4
0.0%
Selling, general and administrative
24.1
24.0
23.8
+0.4%
Operating income
12.2
11.7
11.6
+4.5%
Operating margin
8.4%
8.4%
8.3%
Interest expense
0.1
0.1
0.2
-20.7%
Pre-tax income
12.3
11.7
11.8
+4.9%
Income tax
4.3
4.1
4.2
+4.8%
Effective tax rate
35.3%
35.3%
35.8%
Net income
8.0
7.6
7.6
+5.0%
Net margin
5.5%
5.5%
5.4%
Diluted EPS
$1.10
$1.05
$1.05
+4.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
9.3
12.5
11.1
-25.7%
Capital expenditure
7.2
15.7
13.4
-54.2%
Free cash flow
2.1
-3.2
-2.3
Free cash flow margin
1.4%
-2.3%
-1.7%
Cash from investing
-7.2
-15.7
n/a
Cash from financing
-0.6
-1.1
n/a
Depreciation and amortisation
5.6
4.8
4.4
+16.3%
Share-based compensation
1.1
1.1
1.1
-1.2%
Buybacks
n/a
0.6
n/a
Diluted shares, weighted
7m
7m
7m
+0.8%
Shares outstanding at period end
7m
7m
7m
+0.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
113
104
95.0
+9.2%
Debt
0.9
1.9
2.9
-54.2%
Other liabilities
14.0
14.2
14.7
-1.2%
Total liabilities and equity
128
120
113
+6.9%
Fixed assets
48.5
46.6
34.8
+4.2%
Goodwill
7.3
7.3
7.3
0.0%
Intangible assets
0.3
0.6
1.0
-50.0%
Cash and equivalents
31.4
29.8
34.1
+5.2%
Receivables
21.2
17.5
16.5
+21.6%
Inventory
14.2
14.2
12.9
-0.4%
Other assets
5.0
3.6
6.0
+38.1%
Total assets
128
120
113
+6.9%
10-K for the year ended 31 December 2016, filed 10 March 2017: the filing.