On May 3, 2013, UFP Technologies (NASDAQ: UFPT) reported results for its first quarter ended March 31, 2013.
For the quarter, the company reported that net sales increased 5% to $33.7 million. UFP reported net income of $2 million or $0.29 per share, down from $2.3 million or $0.33 per share in the comparable quarter in 2012.
Taglich Brothers’ estimates were for first quarter net sales of $34 million and net income of $2.8 million or $0.40 per share.