On May 3, 2012, UFP Technologies (NASDAQ: UFPT) reported results for its first quarter ended March 31, 2012.
For the quarter, the company reported that net sales increased 1% to $32.0 million. UFP reported net income increased to $2.3 million or $0.33 per share from $2.2 million or $0.32 per share.
Taglich Brothers’ estimates were for first quarter net sales of $31.4 million and net income of $2.4 million or $0.34 per share.