UFP Technologies, Inc. (UFPT) Reports Net Income of $2.1 Million for Third Quarter
UFP Technologies, Inc., a leading designer and manufacturer of interior protective packaging solutions, recently announced the company’s third quarter earnings, ended September 30, 2009, with net income of $2.1 million or $0.34 per diluted share. Sales for the third quarter totaled $27.6 million, slightly higher than 2008 third quarter sales of $27.5 million. For the nine-month period ended September 30, 2009, UFP Technologies reported net income of $3.0 million or $0.49 per diluted common share outstanding, compared to $4.0 million or $0.63 per diluted common share outstanding for the corresponding nine months in 2008. Sales over the same time period…