UFP Technologies (UFPT) FY2017 results: revenue $148 million, up 1.2% on the year
UFP Technologies Inc. (UFPT) reported revenue of $148 million for fiscal 2017, the year ended 31 December 2017, up 1.2% on the year before. Net income was $9 million, up 15.6%, and diluted earnings per share $1.26. The figures are the company's own, from the 10-K it filed with the SEC on 16 March 2018.
Revenue
$148 million
+1.2% on the year
FY2010FY2017
Operating margin
7.9%
8.4% a year earlier
FY2010FY2017
Net income
$9 million
+15.6% on the year
FY2010FY2017
Diluted EPS
$1.26
+14.5% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
148
146
139
+1.2%
Cost of revenue
112
111
101
+0.8%
Gross profit
35.5
34.6
37.5
+2.4%
Gross margin
24.0%
23.7%
27.0%
Research and development
5.0
1.3
1.3
+284.6%
Selling, general and administrative
23.7
24.1
24.0
-1.6%
Operating income
11.7
12.2
11.7
-4.4%
Operating margin
7.9%
8.4%
8.4%
Interest expense
0.1
0.1
0.1
-27.5%
Pre-tax income
11.9
12.3
11.7
-3.7%
Income tax
2.6
4.3
4.1
-39.1%
Effective tax rate
22.3%
35.3%
35.3%
Net income
9.2
8.0
7.6
+15.6%
Net margin
6.2%
5.5%
5.5%
Diluted EPS
$1.26
$1.10
$1.05
+14.5%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
17.5
9.3
12.5
+87.7%
Capital expenditure
10.4
7.2
15.7
+44.1%
Free cash flow
7.1
2.1
-3.2
+237.5%
Free cash flow margin
4.8%
1.4%
-2.3%
Cash from investing
-10.4
-7.2
-15.7
Cash from financing
-0.5
-0.6
-1.1
Depreciation and amortisation
5.6
5.6
4.8
+0.0%
Share-based compensation
1.1
1.1
1.1
+1.1%
Buybacks
n/a
n/a
0.6
Diluted shares, weighted
7m
7m
7m
+0.9%
Shares outstanding at period end
7m
7m
7m
+0.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
124
113
104
+9.4%
Debt
0.0
0.9
1.9
Other liabilities
14.5
14.0
14.2
+3.4%
Total liabilities and equity
138
128
120
+8.0%
Fixed assets
53.7
48.5
46.6
+10.6%
Goodwill
7.3
7.3
7.3
0.0%
Intangible assets
n/a
0.3
0.6
Cash and equivalents
38.0
31.4
29.8
+21.1%
Receivables
21.4
21.2
17.5
+0.6%
Inventory
12.9
14.2
14.2
-9.1%
Other assets
5.0
5.0
3.6
-0.2%
Total assets
138
128
120
+8.0%
10-K for the year ended 31 December 2017, filed 16 March 2018: the filing.