UFP Techs Q4 2023 Adj EPS $1.53 Beats $1.14 Estimate, Sales $101.50M Beat $94.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
UFP Technologies (UFPT) reported Q4 2023 adjusted EPS of $1.53, surpassing the $1.14 estimate, with sales of $101.50M also beating the $94.55M estimate. This represents an 11.25% increase in sales compared to the same period last year.
February 21, 2024 | 2:09 pm
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POSITIVE IMPACT
UFP Technologies reported a significant beat on both earnings and sales estimates for Q4 2023, with adjusted EPS at $1.53 and sales reaching $101.50M.
Beating both EPS and sales estimates significantly, especially by 34.21% for EPS, indicates strong financial health and operational efficiency. This outperformance, particularly with an 11.25% increase in sales year-over-year, is likely to instill investor confidence and could lead to a positive short-term impact on UFPT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100