UFP Technologies Announces Record Q2 Results

Newburyport, MA, August 8, 2026 — UFP Technologies, Inc. (Nasdaq: UFPT), a trusted contract development and manufacturing organization specializing in comprehensive solutions for medical devices, sterile packaging and other highly engineered custom products, today reported net income of $20.9 million for its second quarter ended June 30, 2026, 21.4% higher than net income of $17.2 million for the second quarter of 2025. Net sales for the quarter ended June 30, 2026 were $174.0 million, 15.1% higher than 2025 second quarter sales of $151.2 million. Generally accepted accounting principles (“GAAP”) and adjusted earnings per diluted common share outstanding (“EPS”) for the quarter ended June 30, 2026 were $2.68 and $2.92, respectively. Net sales, net income, and EPS for the second quarter of 2026 reflect record quarterly results for the Company. Net income for the six-month period ended June 30, 2026 was $38.3 million, 11.6% higher than net income of $34.4 million for the same period in 2025. Net sales for the six-month period ended June 30, 2026 were $328.2 million, compared to sales of $299.3 million in the same period of 2025. GAAP and adjusted EPS for the six-month period ended June 30, 2026 were $4.92 and $5.39, respectively.

Throughout this news release, reference is made to non-GAAP measures including organic sales growth; adjusted selling, general and administrative expenses (“SG&A”); adjusted operating income; adjusted net income and EPS; and EBITDA and adjusted EBITDA. Please see “Non-GAAP Financial Information” at the end of this news release.

“Our second quarter and first-half results reflect solid execution across the platform and continued progress toward our long-term growth strategy,” said Mitch Rock, President and Chief Executive Officer. “In the second quarter, the team delivered 15.1% sales growth, increased gross margins to 29.3%, and grew operating income by 15.5%. These results were driven by contributions across the UFP platform, demonstrating the strength and diversity of our MedTech business.”

“During the quarter, our top five customers grew 14.7%, the balance of our MedTech business grew 19.7%, and our non-medical business was flat,” continued Rock. “We continue to invest in our Dominican Republic operations to support customer-driven growth initiatives, expand capacity, and enhance our cost structure over time. These investments are generating early operational benefits and strengthening our ability to support future growth. While the full realization of these benefits is taking longer than anticipated, the investments are creating near-term mix and margin pressure within our U.S. operations. We also continue to strengthen our leadership team, adding experienced executives in business development, operations, and legal to increase organizational capacity and support the continued growth of the UFP platform.”

“Looking ahead, we continue to see meaningful opportunities to grow with existing customers, support new program launches, pursue disciplined acquisitions, and invest in our people and capabilities,” said Rock. “The fundamentals of the markets we serve remain attractive, and we remain focused on disciplined execution and long-term value creation for our customers and shareholders.”

Financial Highlights:

• Sales for the second quarter increased 15.1% to $174.0 million, from $151.2 million in the same period of 2025. Year-to-date sales through June increased 9.6% to $328.2 million, from $299.3 million in the same period of 2025. Organic sales growth for the three- and six-month periods ended June 30, 2026, was 12.4% and 6.8%, respectively.
• Gross profit as a percentage of sales (“gross margin”) increased to 29.3% for the second quarter of 2026, from 28.8% in the same quarter of 2025. Gross margin for the six-month period ended June 30, 2026, increased to 29.0% from 28.6% in the same period of 2025.
• SG&A increased 21.8% to $22.8 million for the second quarter of 2026 compared to $18.7 million in the same quarter of 2025. As a percentage of sales, SG&A increased to 13.1% in the second quarter of 2026, from 12.4% in the same period of 2025. For the six-month period ended June 30, 2026, SG&A increased 17.0% to $43.8 million from $37.4 million in the same period of 2025. As a percentage of sales, SG&A in the six-month period ended June 30, 2026, increased to 13.3% from 12.5% in the same period of 2025. As a percentage of sales, adjusted SG&A increased to 11.7% and 11.8% for the three- and six-month periods ended June 30, 2026, respectively, from 10.8% and 10.9%, respectively in the same periods of 2025.
• Operating income increased 15.5% to $28.1 million for the second quarter of 2026, from $24.3 million in the same quarter of 2025. Adjusted operating income for the second quarter of 2026 increased 12.3% to $30.6 million from $27.3 million in the same period of 2025. For the six-month period ended June 30, 2026, operating income increased 8.5% to $51.5 million from $47.5 million in the same period of 2025. Adjusted operating income for the six-month period ended June 30, 2026, increased 6.4% to $56.5 million from $53.1 million in the same period of 2025.
• Net income was $20.9 million in the second quarter of 2026, compared to $17.2 million in the same period of 2025. Adjusted net income increased 17.2% to $22.7 million in the second quarter of 2026, from $19.4 million in the same period of 2025. GAAP and adjusted diluted EPS for the second quarter of 2026 were $2.68 and $2.92, respectively, as compared to $2.21 and $2.50, respectively, for the same period in 2025. For the six-month period ended June 30, 2026, net income increased to $38.3 million, from $34.4 million in the same period of 2025. Adjusted net income increased 8.9% to $42.1 million for the six-month period ended June 30, 2026, from $38.6 in the same period of 2025.
• Adjusted EBITDA for the second quarter of 2026 increased 14.3% to $36.4 million from $31.8 million in the second quarter of 2025. Adjusted EBITDA for the six-month period ended June 30, 2026, increased 8.5% to $67.3 million, from $62.1 million in the same period of 2025.

View the full press release with detailed financial information.

About UFP Technologies, Inc.
UFP Technologies is a trusted contract development and manufacturing organization specializing in comprehensive solutions for medical devices, sterile packaging and other highly engineered custom products. The company’s single-use and single-patient devices and components are used across a wide range of medical products in segments including robotic assisted surgery, patient beds, infection control, cardiovascular, orthopedics and spine and wound care.