Profits Surge: United-Guardian Unveils Robust 2024 Financial Performance
United-Guardian Reports Strong Financial Growth in 2024
HAUPPAUGE, N.Y. - United-Guardian, Inc. (NASDAQ:UG) has announced impressive financial results for the fiscal year 2024, showcasing significant growth in both net sales and net income compared to the previous year.
The company experienced a robust 12% increase in net sales, climbing from $10,885,154 in 2023 to $12,181,971 in 2024. This sales growth translated directly into improved profitability, with net income rising from $2,581,370 ($0.56 per share) in 2023 to $3,250,875 ($0.71 per share) in 2024.
Donna Vigilante, President of United-Guardian, expressed enthusiasm about the company's performance, stating, "We are thrilled to report another year of solid financial progress. Our team's dedication and strategic initiatives have positioned us for continued success in the competitive marketplace."
The company's strong financial results reflect its commitment to innovation, operational efficiency, and market expansion.