Earnings ·
UFP Technologies reports Q2 net sales up 15.1% to $174.0M, net income rises 21.4% to $20.9M
UFPTUfp Technologies Inc
UFP Technologies reported record financial results for the second quarter ended June 30, 2026. Net sales increased 15.1% to $174.0 million from $151.2 million in the prior year period, while net income rose 21.4% to $20.9 million from $17.2 million. GAAP diluted earnings per share reached $2.68 compared to $2.21 in Q2 2025, and adjusted diluted EPS was $2.92 versus $2.50. Gross margin expanded to 29.3% from 28.8%, and operating income grew 15.5% to $28.1 million. For the first half of 2026, net sales totaled $328.2 million with net income of $38.3 million. The company operates in the medical device contract development and manufacturing industry.