|
|
Article: UFP Technologies Announces 1st Quarter 1997 Results; Net Earnings Increase by 35%.
- Article from:
- Business Wire
- Article date:
- April 25, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
GEORGETOWN, Mass.--(BUSINESS WIRE)--April 25, 1997--UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and specialty products, today reported a profit of $185,000 or $.04 per share for the quarter ending March 31, 1997, up 35% from earnings of $137,000 or $.03 per share for the corresponding period of 1996. Sales for the first quarter increased by 26%, from $8.7 million in the first quarter of 1996 to $11.0 million in 1997.
"1997 is off to a solid start," said R. Jeffrey Bailly, President/CEO of UFP Technologies, Inc. "Achievements in the first quarter include a record level of sales, the successful completion of our FCE Industries ...