NASDAQ$UFPT
UFP Technologies Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Net income and sales decreased compared to the same period in 2019, impacted by COVID-19.
UFP Technologies reported a decrease in net income and sales for Q2 2020 compared to Q2 2019, primarily due to the adverse impacts of COVID-19 on its various markets. Despite the challenges, the company's product development business showed strong growth, and the company maintained a solid cash balance.
- Net income for Q2 2020 was $2.3 million, or $0.31 per diluted share, compared to $4.6 million, or $0.62 per diluted share, for the same period in 2019.
- Q2 2020 sales were $42.6 million, compared to $51.4 million in Q2 2019.
- The product development business increased by 35% year-to-date.
- The company generated approximately $5 million in cash during the quarter, bringing the cash balance to over $12 million.
Headline financials
Revenue & EPS history
UFP Technologies · Revenue · Quarterly
$42.6M
Revenue by segment
UFP Technologies · $6.8M total across 1 segment · Q3 2023
- Medical$6.8M—100.0%
Forward guidance
The company anticipates continued near-term softness in elective procedures offsetting modest gains forecasted in non-medical markets.
Tailwinds
- Strong increase in development business bodes well for revenue growth in 2021 and beyond.
- Q2 generated approximately $5 million in cash.
- Cash balance to over $12 million.
- Substantial borrowing capacity.
- Continue to invest in both internal and external growth opportunities as well as efficiency improvements to enhance competitive position.
Headwinds
- Difficult to predict the impact of COVID-19 on future revenue.
- Anticipate continued near-term softness in elective procedures.
- Revenue for the quarter was down $8.8 million or 17% versus the prior year.
- Net income declined $2.3 million or 50%.
- Each of our markets has been adversely impacted by the pandemic.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+2.7%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+5.5%
Avg return
30 days after
66%
43 / 65 earnings
Positive
+24.0%
Q1 2024
Best reaction
-11.6%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.2% | -1.0% | +1.1% | |
| Q4 2025 | +0.3% | -15.1% | -21.2% | |
| Q3 2025 | +12.2% | +13.6% | +8.6% | |
| Q1 2025 | +11.2% | +19.8% | +23.6% | |
| Q4 2024 | +9.4% | -5.5% | -15.7% | |
| Q3 2024 | +23.8% | +24.2% | +4.5% | |
| Q2 2024 | +2.8% | -5.4% | +7.7% | |
| Q1 2024 | +24.0% | +24.5% | +26.4% | |
| Q4 2023 | +10.5% | +11.3% | +26.2% | |
| Q3 2023 | -11.6% | -8.0% | +6.9% | |
| Q2 2023 | -5.5% | -6.3% | -9.7% | |
| Q1 2023 | +5.8% | +2.0% | +13.9% | |
| Q4 2022 | +10.8% | +2.9% | +16.5% | |
| Q3 2022 | +16.4% | +21.5% | +31.6% | |
| Q2 2022 | +11.2% | +11.1% | +14.1% | |
| Q1 2022 | +5.9% | +3.1% | +14.2% | |
| Q4 2021 | -1.0% | -11.1% | +1.3% | |
| Q3 2021 | +4.1% | +6.8% | +7.6% | |
| Q2 2021 | +9.6% | +12.5% | +14.8% | |
| Q1 2021 | +8.1% | +8.8% | +15.4% | |
| Q4 2020 | +1.4% | -7.8% | -0.7% | |
| Q3 2020 | +13.2% | +18.9% | +25.0% | |
| Q2 2020 | +3.7% | +2.5% | -6.4% | |
| Q1 2020 | +1.3% | +7.1% | +10.0% | |
| Q4 2019 | +3.0% | -4.2% | -28.6% | |
| Q3 2019 | -0.2% | +1.3% | +7.7% | |
| Q2 2019 | +2.6% | -1.4% | -2.2% | |
| Q1 2019 | +2.8% | +3.6% | +5.0% | |
| Q4 2018 | -1.4% | -0.2% | +8.6% | |
| Q3 2018 | -0.8% | -1.8% | +5.1% | |
| Q2 2018 | +2.7% | +10.2% | +7.6% | |
| Q1 2018 | -0.6% | -3.2% | -6.2% | |
| Q4 2017 | -3.3% | -1.4% | +3.7% | |
| Q3 2017 | -10.1% | -11.1% | -9.0% | |
| Q2 2017 | -3.3% | -3.8% | -8.0% | |
| Q1 2017 | +1.7% | +1.1% | +4.9% | |
| Q4 2016 | +0.4% | +1.2% | +5.7% | |
| Q3 2016 | -4.6% | -3.5% | -4.6% | |
| Q2 2016 | +3.3% | +2.9% | +7.5% | |
| Q1 2016 | +1.3% | — | — | |
| Q4 2015 | +5.6% | — | — | |
| Q3 2015 | -0.6% | — | — | |
| Q2 2015 | +12.7% | — | — | |
| Q1 2015 | -2.7% | — | — | |
| Q4 2014 | -7.5% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | -2.1% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | +1.4% | — | — | |
| Q1 2013 | -3.4% | — | — | |
| Q4 2012 | -0.6% | — | — | |
| Q3 2012 | -2.5% | — | — | |
| Q2 2012 | +1.3% | — | — | |
| Q1 2011 | +2.5% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q4 2009 | -3.0% | — | — | |
| Q4 2011 | -3.0% | — | — | |
| Q3 2010 | +2.6% | — | — | |
| Q3 2011 | +2.6% | — | — | |
| Q4 2010 | +1.3% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q1 2010 | +0.5% | — | — |
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