Customer concentration
Two customers represented a very large share of net sales, so loss or slowdown at either account would be material.
- Scope
- Intuitive Surgical and Stryker
- Materiality
- high
UFP Technologies, Inc
UFP Technologies is a U.S.-based contract development and manufacturing company focused on single-use and single-patient medical devices and components. Its products are custom-engineered for medical device manufacturers and are used in areas such as minimally invasive surgery, infection prevention, wound care, wearables, orthopedic soft goods, and orthopedic implants.
18,5 %
28,3 %
11,3 %
+19,5 %
2.69
1.52
| % | |
|---|---|
| Single-use medical devices | 45% Custom disposable devices and components used once per patient or procedure. |
| Surgical and infection prevention products | 25% Products used in minimally invasive surgery, infection control, and procedural protection. |
| Orthopedic and implant-related components | 15% Soft goods, packaging, and components used in orthopedic and implant applications. |
| Wearables and patient care products | 10% Comfort, support, and patient-handling products for medical use. |
| Biopharma and other specialty applications | 5% Specialty manufacturing components and niche medical-market applications. |
UFP Technologies sells primarily to medical device manufacturers that outsource development and production of...
- Medical device OEMsprimary
Buy custom-engineered single-use devices and components for integration into finished medical products.
- Minimally invasive surgery platformsprimary
Buy drapes, disposables, and protective components used in robotic and endoscopic procedures.
- Orthopedic manufacturerssecondary
Buy soft goods, packaging, and implant-related components for orthopedic applications.
- Infection prevention and wound care customerssecondary
Buy specialty materials and disposables designed to reduce contamination and improve patient care.
- Biopharma customersemerging
Buy niche manufacturing components used in drug manufacturing and related processes.
UFP Technologies is headquartered in the United States and manufactures goods in the U.S. and outside the U.S...
- •Headquartered in the United States
- •Manufactures in the U.S. and in foreign countries
- •Sells to global medical device customers
- •Tariffs can affect imported materials and finished goods flows
- •Cross-border supply chains matter for cost and delivery timing
The company’s strategy centers on organic growth in specialized medical niches and expansion through acquisitions...
01
Organic growth in medical nichesmedium-term
Custom solutions and specialized materials support higher-value customer relationships.
02
Acquisition-led expansionshort-term
Acquisitions broaden the product set and customer base in adjacent medical categories.
03
Customer collaboration and direct salesmedium-term
Direct engineering and commercial engagement helps win custom programs and retain OEM accounts.
UFP Technologies depends on a concentrated set of large medical customers, so volume losses or pricing pressure from a...
Tariff and trade policy exposure
The company manufactures outside the U.S. and buys materials that can be affected by import tariffs and retaliatory trade actions.
- Scope
- Manufacturing and raw materials
- Materiality
- high
Acquisition integration risk
Growth through acquisitions can create execution risk around systems, customers, and realized synergies.
- Scope
- Recent acquisitions
- Materiality
- high
Supply chain and materials risk
Custom medical products depend on specialized inputs and reliable supplier relationships.
- Scope
- Specialty materials
- Materiality
- medium
Regulatory and climate-related operating risk
Medical manufacturing is exposed to changing regulations, customer standards, and physical supply disruptions.
- Scope
- Facilities and supply chain
- Materiality
- medium
Goodwill and intangible assets
Can cause non-cash charges and affect reported earnings
Deferred tax assets
Can change tax expense and net income
Debt and covenant accounting
Affects liquidity disclosure and going-concern risk assessment
Acquisition accounting
Affects amortization, goodwill, and post-deal comparability
: 29.4.2026