Filing Flows › UFP Technologies (UFPT) › Q1 2025
UFP Technologies (UFPT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
UFP Technologies (UFPT) reported revenue of $148M for the first quarter 2025 (Q1 2025), +41% from a year earlier and +3% from the quarter before. Operating margin was 15.6%, net earnings $17.2M (11.6% of revenue).
UFP Technologies, Q1 2025: revenue $148M (+41% year over year), operating margin 15.6%, net earnings $17.2M, operating cash flow $13.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $148M | +3% | +41% |
| Gross profit | $42.2M | +0.2% | +40% |
| Operating profit | $23.1M | +4% | +45% |
| Net earnings | $17.2M | +5% | +35% |
| Operating cash flow | $13.8M | -43% | +30% |
| Free cash flow | $11.0M | -49% | +23% |
What changed
Revenue was $148.1M in Q1 2025, up 41% year over year and up 3% from the previous quarter. Product was the largest line at 98% of revenue. Product added $45.3M year over year (up 45%), 105% of the total change. Tooling and Machinery declined 65%.
Gross margin was 28.5%, down 0.2 points from a year earlier. Operating profit was $23.1M, a 15.6% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 15% margin then. Operating expenses grew 34% against revenue growth of 41%. The fastest-growing cost line was SG&A (+35%). Net earnings were $17.2M, up 35% year over year. The effective tax rate was 15.3%.
Operating cash flow was $13.8M (up 30% year over year), 80% of net earnings. Non-cash charges added back $4.6M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $10.2M. Capital expenditures of $2.8M left free cash flow of $11.0M.
Questions
What was UFP Technologies' revenue in the first quarter 2025?
UFP Technologies (UFPT) reported revenue of $148M for the first quarter 2025 (Q1 2025), +41% from a year earlier and +3% from the quarter before.
Was UFP Technologies profitable in the first quarter 2025?
Operating profit was $23.1M (15.6% of revenue) and net earnings $17.2M.
Source: UFP Technologies 10-Q on SEC EDGAR.