Unique Fabricating, Inc. (UFAB) SEC Filing 10-K Annual report for the fiscal year ending Sunday, January 3, 2016

Unique Fabricating, Inc.

CIK: 1617669 Ticker: UFAB
Exhibit 99.1

Unique Fabricating, Inc. Reports Fourth Quarter and Full Year 2015 Results

Auburn Hills, MI - March 2, 2016 --
Unique Fabricating, Inc. ("Unique” or the "Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the three and twelve months ended January 3, 2016.
Full-year Financial Highlights and Recent Developments
Revenue of $143.3 million in full year 2015 versus $126.5 million in full year 2014, an increase of 13.3% year-over-year
Adjusted EBITDA of $15.6 million in full year 2015, including $4.1 million for non-cash charges specifically related to depreciation and amortization and non-cash stock awards, versus $14.5 million last year(1) 
Adjusted diluted earnings per share of $0.76 in 2015 versus $0.73 in 2014(1) 
Declared a quarterly cash dividend of $0.15 per share payable on March 7, 2016 for stockholders of record as of February 29, 2016
Closed accretive and synergistic acquisition of Great Lakes Foam Technologies, Inc. to broaden solutions offering and expand reach into new markets
Awarded a new program order by a major Japanese OEM for new TwinShape™ foam duct to be installed in select 2017 model SUVs
Subsequent to year-end, closed its Murfreesboro,Tennessee manufacturing facility to enhance operational efficiency

(1) For a reconciliation of GAAP to Non-GAAP results for Adjusted EBITDA and Adjusted diluted earnings per share please refer to the financial tables below.

“2015 was a successful year for Unique highlighted by our strong financial performance, a successful public offering, an accretive acquisition and a number of operational initiatives which position us well to achieve our long term growth objectives,” said John Weinhardt, Chief Executive Officer. “We enter 2016 with good visibility and are confident that we will continue to benefit from a number of favorable industry trends in both the automotive and industrial markets.”

“Growing demand from automotive manufacturers for greater fuel efficiency and the need for quieter vehicles continues to drive demand for our multi-material foam, rubber and plastic components,” Weinhardt added. “We see a significant opportunity to introduce new products like our TwinShape™ foam ducts, which are gaining traction, to help automotive manufacturers advance light-weighting initiatives and improve fuel efficiency. The integration of Great Lakes Foam Technologies, Inc. went according to plan and we will continue to opportunistically, evaluate accretive acquisitions that can broaden our solutions offering and expand our reach into new markets, helping to diversify our revenues and further strengthen our free cash flow.”
Fourth Quarter Financial Summary
Total revenue for the quarter ended January 3, 2016 increased to $35.6 million, up 6.9%, or $2.3 million from $33.3 million during the same period last year. The increase was driven by the acquisition of Great Lakes Foam Technologies, Inc. which closed on August 31, 2015, as well as from the introduction of new products and increased market penetration.

The following information was filed by Unique Fabricating, Inc. (UFAB) on Wednesday, March 2, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information Document
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Business Combinations
Business Combinations (tables)
Business Combinations - Narrative (details)
Business Combinations - Schedule Of Business Acquisitions By Acquisition (details)
Business Combinations - Schedule Of Pro Forma Information (unaudited) (details)
Derivative Financial Instruments
Derivative Financial Instruments (details)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Narrative (details)
Earnings Per Share - Schedule Of Earnings Per Share, Basic And Diluted (details)
Equity (tables)
Equity - Common Stock (details)
Equity - Warrant Fair Value Assumptions (details)
Equity - Warrants (details)
Fair Value Measurements
Income Taxes
Income Taxes (tables)
Income Taxes - Schedule Of Components Of Income Tax Expense (benefit) (details)
Income Taxes - Schedule Of Current And Noncurrent Deferred Taxes (details)
Income Taxes - Schedule Of Income Before Income Taxes (details)
Income Taxes - Schedule Of Income Taxes Based On Federal Rax Rate (details)
Intangible Assets
Intangible Assets (tables)
Intangible Assets - Finite-lived Intangible Assets, Future Amortization Expense Schedule (details)
Intangible Assets - Narrative (details)
Intangible Assets - Schedule Of Intangible Assets By Major Class (details)
Inventory (tables)
Inventory - Narrative (details)
Inventory - Schedule Of Inventory (details)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Narrative (details)
Long-term Debt - Schedule Of Long-term Debt (details)
Long-term Debt - Schedule Of Repayment Of Maturities (details)
Nature Of Business And Significant Accounting Policies
Nature Of Business And Significant Accounting Policies (details)
Nature Of Business And Significant Accounting Policies (policies)
Operating Leases
Operating Leases (tables)
Operating Leases - Narrative (details)
Operating Leases - Schedule Of Future Minimum Lease Payments (details)
Property, Plant, And Equipment
Property, Plant, And Equipment (tables)
Property, Plant, And Equipment - Narrative (details)
Property, Plant, And Equipment - Schedule Of Property, Plant, And Equipment (details)
Redeemable Common Stock
Redeemable Common Stock (details)
Related Party Transactions
Related Party Transactions (details)
Restructuring (tables)
Restructuring - Liability (details)
Restructuring - Narrative (details)
Retirement Plans
Retirement Plans (details)
Selected Quarterly Financial Data (details)
Selected Quarterly Financial Data (tables)
Selected Quarterly Financial Data (unaudited)
Stock Incentive Plans
Stock Incentive Plans (tables)
Stock Incentive Plans - Narrative (details)
Stock Incentive Plans - Schedule Of Stock Options And Stock Awards (details)
Stock Incentive Plans - Valuation Assumptions (details)
Subsequent Events
Subsequent Events (details)
Ticker: UFAB
CIK: 1617669
Form Type: 10-K Annual Report
Accession Number: 0001617669-16-000044
Submitted to the SEC: Wed Mar 09 2016 8:39:54 AM EST
Accepted by the SEC: Wed Mar 09 2016
Period: Sunday, January 3, 2016
Industry: Motor Vehicle Parts And Accessories

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