UFP Technologies, Inc. ( UFPT ) announced on Tuesday a 41.1 percent year-over-year increase in fourth quarter earnings.
Net income for the quarter totaled $16.38 million, an increase from $11.61 million a year ago. Earnings per share amounted to USD 2.10, an increase compared to USD 1.51 in the previous year. Adjusted earnings amounted to 19.16 million US dollars or 2.46 US dollars per share, an increase compared to 12.64 million US dollars or 1.64 US dollars per share in the previous year.
Net sales increased by 41.9 percent from USD 101.49 million in the previous year to USD 144.07 million.
