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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 05/15/2019)

Symbol: UFAB
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $4.75
Time Horizon: 12 Months
Rating Established: July 26, 2017
Price When Established: $8.93
Most Recent Report: May 15, 2019
Price When Issued: $3.21

What's New

Unique Fabricating Announces Q2 Results

On August 7, 2019, Unique Fabricating, Inc. (NYSE MKT: UFAB) announced results for its second quarter ended June 30, 2019.

For the quarter, the company reported that sales decreased 15% to $38.9 million from $45.7 million in the comparable period in 2018. The net loss was $7.6 million or $(0.78) per share versus net income of $1.8 million or $0.18 per share in 2Q18. The net loss for 2Q19 included a charge of $6.8 million for the impairment of goodwill and $734,000 of restructuring expenses. Excluding these and other items, adjusted net income was $226,000 or $0.02 per share in 2Q19.

Taglich Brothers estimates were for 2Q19 sales of $39.5 million and net income of $237,000 or $0.02 per share.

Company Description

Headquartered in Auburn Hills, MI, Unique Fabricating (UFAB) is engaged in the engineering and manufacture of multi-material foam, rubber, and plastic components. These components are utilized for reducing noise, vibration and harshness, acoustical management, water and air sealing, decorative and other functional applications.

Company Reports

Research Update Released (Dated May 15, 2019)
Research Update Released (Dated March 15, 2019)
Research Update Released (Dated November 26, 2018)
Research Update Released (Dated September 12, 2018)
Research Update Released (Dated June 8, 2018)
Research Update Released (Dated April 9, 2018)
Research Update Released (Dated December 1, 2017)
Research Update Released (Dated August 15, 2017)
Initial Research Report (Dated July 26, 2017)


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