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: November 22, 2021
Price When Issued: $1.90
Unique Fabricating Reports 1Q22 Results
On May 12, 2022, Unique Fabricating, Inc. (NYSE MKT: UFAB) announced results for its first quarter ended March 31, 2022.
For 1Q22, the company reported that sales increased 1.5% to $35.3 million from $34.8 million in 1Q21. The company reported a net loss of $569,000 or $(0.05) per share compared to a loss of $1.1 million or $(0.11) per share in 1Q21.
We projected 1Q22 sales of $34.5 million and a net loss of $1.3 million or $(0.11) per share.
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.