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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 09/03/2019)

Symbol: UFAB
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $4.00
Time Horizon: 12 Months
Rating Established: July 26, 2017
Price When Established: $8.93
Most Recent Report: September 3, 2019
Price When Issued: $2.93

What's New

Unique Fabricating Announces Q3 Results

On November 7, 2019, Unique Fabricating, Inc. (NYSE MKT: UFAB) announced results for its third quarter ended September 30, 2019.

For the quarter, the company reported that sales decreased 8.3% to $38.5 million from $42.1 million in the comparable period in 2018. The net loss was $1.3 million or $(0.13) per share versus net income of $627,000 or $0.06 per share in 3Q18. The net loss for 3Q19 included $991,000 of restructuring expenses and a $1.7 million inventory allowance charge.

Taglich Brothers estimates were for 3Q19 sales of $39.5 million and a net loss of $815,000 or $(0.08) per share.

Unique Fabricating Announces Resignation of Chief Financial Officer

On September 30, 2019, Unique Fabricating, Inc. (NYSE American: UFAB) announced that Tom Tekiele, CFO, has tendered his resignation to pursue another professional opportunity. Tekiele will continue to serve the company until October 11, 2019 to facilitate a smooth transition.

The board of directors of Unique Fabricating has engaged an executive search firm to lead the process of identifying a permanent replacement. In the interim, Doug Cain, the company's new chief executive officer and a seasoned financial executive and holder of an active CPA license, will fill the role on a temporary basis.

Unique Fabricating Appoints Doug Cain as President and Chief Executive Officer

On September 17, 2019, Unique Fabricating, Inc. (NYSE American: UFAB) announced the appointment of Doug Cain as its new president and chief executive officer. Cain will begin work September 30, 2019.

Cain has more than 30 years of leadership and operational experience in high volume production environments. Over the last 12 years, Cain served in a series of positions with increasing responsibility for the Mubea Group, a developer and manufacturer of automotive suspension, powertrain, and body components with features that reduce vehicle weights, improve performance, and help protect the environment by lowering CO2 emissions. Cain served as CEO of Mubea North America where he was responsible for the activities of 13 sites in the US and Mexico, including manufacturing, supply chain, sales, and engineering.

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 September 3, 2019)
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)


Please view our current disclosure and disclaimer on our most recent research report.