UFP Technologies profit advances in second quarter

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Summary · why it matters

UFP Technologies reported higher second-quarter earnings. Net income rose to $20.85 million, or $2.68 per share, from $17.18 million, or $2.21 per share, a year earlier. Adjusted earnings, which exclude certain items, came in at $22.74 million, or $2.92 per share. Revenue increased 15.1% to $173.96 million from $151.18 million in the same period last year.

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