Unifi

Unifi, Inc. engages in the manufacture and sale of synthetic and recycled products made from polyester and nylon. It operates through the following segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment sells polyester-based products to other yarn manufacturers, knitters, and weavers that produce yarn and fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in U.S. and El Salvador. The Nylon segment offers nylon-based products to knitters and weavers that produce fabric for the apparel and hosiery markets in U.S. and Colombia. The Brazil and Asia segments comprises polyester-based products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in South America and Asia. The company was founded by George Allen Mebane IV in 1969 and is headquartered in Greensboro, NC.

Earnings data Q3 2021

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UFI reports significant Q3 improvement, eyes U.S. sales and China recovery

UFI's Q1 2023 earnings call highlighted significant sequential improvement in sales and profitability, with a focus on U.S. sales improvement and cost containment activities. Management expressed optimism about future improvements and outlined longer-term financial goals. Challenges include the impact of economic factors on inventory levels and China business recovery, while opportunities lie in REPREVE sales, marketing initiatives, and the gradual recovery of the China business.

Unifi faces challenges in Q2 but anticipates growth rebound

Unifi's Q2 2023 performance was impacted by inventory challenges and lower sales, but the company remains optimistic about future growth. With a focus on operational improvements and rebounding sales, Unifi aims to return to positive gross profit in the upcoming quarter.

Unifi reports strong Q3 performance, eyes textile demand recovery

Unifi's Q3 2023 performance reflected improved sales, profitability, and gross margins driven by leaner manufacturing and strategic marketing efforts for REPREVE fiber.
While challenges like demand disruptions in Asia and liquidity preservation measures exist, opportunities in textile demand recovery and long-term financial goals are on the horizon.
The company's resilience, adaptability, and focus on sustainable growth position Unifi well for navigating market challenges and capitalizing on future opportunities.

Unifi reports stable Q4 performance amidst market challenges and growth opportunities

Unifi navigated a challenging Q4 with stable performance, focusing on cost containment and efficiency. Despite market pressures, the company remains optimistic about improved orders and initiatives in high-margin categories. Unifi's readiness for growth opportunities is underscored by its balance sheet strength and liquidity position.

Unifi faces revenue decline and competitive pressures in Q1 2024

Unifi navigated a tough Q1 2024 marked by revenue decline and competitive pressures by focusing on cost management, cash preservation, and strategic partnerships. Despite challenges, the company's resilience, operational initiatives, and positive free cash flows signal a proactive approach to weathering industry headwinds and preparing for future growth.

Unifi reports stable Q2 performance, outlines $20M profitability plan

Unifi's Q2 2024 performance was stable amidst challenges in the apparel sector, with a focus on profitability improvement and strategic leadership appointments.
The company detailed a profitability improvement plan targeting over $20 million in cumulative benefits through cost reduction and gross margin expansion.
Eddie Ingle emphasized the need to adapt to challenges in the apparel industry through efficiency, profitability enhancement, and growth opportunities.

Unifi reports strong Q3 results, eyes growth amid market shifts

Unifi's Q3 performance showed improvement as expected, with market share gains and cost reductions driving profitability.
The company's focus on sales transformation and innovation is enhancing efficiency and profit margins, setting a positive trajectory for growth.
Challenges lie in sustaining gains amidst industry changes, but opportunities exist in further market expansion and revenue growth.
Overall, Unifi's outlook for Q4 and fiscal year 2025 is optimistic, supported by confidence in sales improvements and operational enhancements.

Unifi surpasses Q4 expectations, eyes sustainable growth in 2025

Unifi's Q4 performance exceeded expectations with sales growth and improved EBITDA, driven by cost reductions and market share gains.
While facing challenges in the apparel industry and margin pressures, Unifi is optimistic about opportunities in new sales categories and sustainable solutions.
The company's focus on managing costs, preserving cash, and strategic initiatives position it well for growth in fiscal 2025, expecting top-line growth and positive EBITDA in every quarter.

Unifi reports Q1 revenue growth and optimistic outlook for 2025

Unifi's Q1 performance showed revenue growth and improved EBITDA, with a focus on innovation and cost management for future success.
While facing challenges from Hurricane Helene impact and seasonal slowdowns, the company remains optimistic about revenue and EBITDA improvements.
Strengthened liquidity and strategic initiatives in REPREVE innovation and Beyond Apparel present growth opportunities for Unifi in fiscal 2025.
The company's emphasis on cost savings, sales transformation, and growth initiatives sets a positive trajectory for future profitability and performance.

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Unifi, Inc. engages in the manufacture and sale of synthetic and recycled products made from polyester and nylon. It operates through the following geographical segments: Americas, Brazil, and Asia. The Americas segment sells recycled and synthetic products to yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets principally in North and Central America. The Brazil segment is involved in the recycled and synthetic products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in Brazil. The Asia segment focuses on synthetic products for yarn manufacturers, knitters and weavers that produce fabric for apparel, home furnishings, automotive, industrial, and other end-use markets principally in Asia and Europe. The company was founded by George Allen Mebane IV in 1969 and is headquartered in Greensboro, NC.

GREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the fourth fiscal quarter and fiscal year ended July 2, 2023. Fourth Quarter Fiscal 2023 Overview Net sales were $151.1 million, pressured primarily by weak demand, due in part to volatile ordering patterns from brands and retailers. Revenues from REPREV.

UNIFI®, Makers of REPREVE®, Announces Fourth Quarter and Fiscal 2023 Results

Unifi (UFI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Unifi (UFI) Q4 Earnings Expected to Decline

GREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, will host a conference call at 8:30 a.m., Eastern Time, on Thursday, August 24, 2023, to discuss its fourth quarter fiscal 2023 financial results. The fourth quarter fiscal 2023 financial results and supporting materials will be available after the close of market trading on Wednesday, August 23, 2023 on the Company's website at http://investor.

UNIFI, Makers of REPREVE®, Schedules Fourth Quarter Fiscal 2023 Earnings Conference Call

GREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, today announced the findings of an independent peer-reviewed Life Cycle Assessment (LCA) verifying that REPREVE recycled polyester lowers climate change potential compared to virgin polyester. REPREVE is the world's leading recycled polyester fiber brand made from post-consumer plastic bott.

UNIFI®, Makers of REPREVE®, Announces Updated Life Cycle Data Confirming Certain Environmental Benefits of REPREVE® Polyester

Unifi shares have fallen 14% YTD, but there are signs of demand recovery and profitability improvement in Q3 2023. Factors such as normalization of inflation, revenue growth in the US and Asian segments, and cost control measures could boost the company's share price. UFI stock is currently undervalued compared to historical data and industry averages, presenting a potential opportunity for long positions.

Unifi: Changing Trade Trends Could Push Prices Up

Unifi, Inc. (NYSE:UFI ) Q3 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants A.J. Eaker - VP, Finance and Treasurer Al Carey - Executive Chairman Eddie Ingle - CEO Craig Creaturo - CFO Conference Call Participants Anthony Lebiedzinski - Sidoti& Company Operator Good day, and welcome to Q3 2023 Unifi Earnings Conference Call.

Unifi, Inc. (UFI) Q3 2023 Earnings Call Transcript

Unifi (UFI) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to earnings of $0.14 per share a year ago.

Unifi (UFI) Reports Q3 Loss, Tops Revenue Estimates

GREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the third fiscal quarter ended April 2, 2023. Third Quarter Fiscal 2023 Overview Net sales were $156.7 million, up 15.1% sequentially, yet pressured by near-term inventory destocking measures taken by apparel brands and retailers. Revenues from REPREVE F.

UNIFI®, Makers of REPREVE®, Announces Third Quarter Fiscal 2023 Results

GREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, announced the recipients of its sixth annual REPREVE Champions of Sustainability awards, which recognize leaders in sustainable production and retail. The global awards honor the transformation of single use plastic bottles into new consumer products, saving them from the waste stream. UNIF.

UNIFI®, Makers of REPREVE®, Announces Sixth Annual REPREVE Champions of Sustainability Awards

GREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, today announced preliminary results for its third fiscal quarter ended April 2, 2023 and scheduled its third quarter fiscal 2023 earnings conference call. For the third quarter of fiscal 2023, UNIFI expects the following results, compared to the immediately preceding second quarter of fisca.

UNIFI®, Makers of REPREVE®, Provides Business Update and Schedules Third Quarter Fiscal 2023 Earnings Conference Call

GREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, today released its Sustainability Report for fiscal 2022. The Report provides expanded insight into UNIFI's industry leading sustainability strategy and the Company's responsible approach to creating long-term value for its stakeholders.

UNIFI®, Makers of REPREVE®, Publishes New Sustainability Report - Company Aims to Transform 50 Billion Plastic Bottles by 2025

Excess inventories among clothing retailers is crushing near-term demand for Unifi's yarns, sending revenue sharply lower and pushing the company into losses as high up as the gross profit line. Retailer destocking should finish late in the spring, around the time orders are made for the holiday season, but it will take several quarters for reported results to recover.

Weak Apparel Demand Continues To Unravel Unifi's Operating Results

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Unifi: Down but Not Out

Unifi, Inc. [UFI] Q2 2023 Earnings Conference Call February 2, 2023 8:30 AM ET Company Participants Albert Carey - Executive Chairman Eddie Ingle - CEO Craig Creaturo - CFO A.J. Eaker - VP, Finance & Treasurer Conference Call Participants Daniel Moore - CJS Securities Anthony Lebiedzinski - Sidoti & Company Operator Ladies and gentlemen, good morning.

Unifi, Inc. (UFI) Q2 2023 Earnings Call Transcript

Unifi (UFI) delivered earnings and revenue surprises of 34.59% and 0.16%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Unifi (UFI) Reports Q2 Loss, Tops Revenue Estimates

GREENSBORO, N.C.--( BUSINESS WIRE )--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the second fiscal quarter ended January 1, 2023.

UNIFI®, Makers of REPREVE®, Announces Second Quarter Fiscal 2023 Results

Earnings Preview: Unifi (UFI) Q2 Earnings Expected to Decline

GREENSBORO, N.C.--( BUSINESS WIRE )--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, today announced preliminary results for its second fiscal quarter ended January 1, 2023 and scheduled its second quarter fiscal 2023 earnings conference call.

UNIFI®, Makers of REPREVE®, Provides Business Update and Schedules Second Quarter Fiscal 2023 Earnings Conference Call

Unifi has seen a sharp downturn in volumes as apparel companies have cut orders in the face of weaker sales and soaring inventories. The inventory correction could take a year or more, but Unifi is still leveraged to a long-term trend of incorporating more recycled materials in apparel.

Unifi Hit By A Sharp Downturn In Orders, But It Doesn't Unravel The Long-Term Story

GREENSBORO, N.C.--( BUSINESS WIRE )--Today, Unifi Inc. (NYSE: UFI), makers of REPREVE® and one of the world's leading innovators in recycled and synthetic yarns, announced a major expansion of its innovative Textile Takeback™ program. The initiative is designed to collect and recycle polyester-based fabric waste, including both pre- and post-consumer fabrics, and transform it into REPREVE® – the leading recycled performance fiber that powers top brands and sustainable goods worldwide.

UNIFI, Makers of REPREVE®, Announces Major Expansion of Textile Takeback™

Unifi, Inc. (NYSE:UFI ) Q1 2023 Earnings Conference Call November 4, 2022 8:30 AM ET Company Participants A Eaker - Vice President of Finance and Investor Relations Albert Carey - Executive Chairman Edmund Ingle - Chief Executive Officer and Director Craig Creaturo - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Anthony Lebiedzinski - Sidoti & Co Operator Good morning. My name is Devin, and I will be your conference operator today.

Unifi, Inc. (UFI) Q1 2023 Earnings Call Transcript

Unifi (UFI) delivered earnings and revenue surprises of -4,300% and 6.94%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Unifi (UFI) Reports Q1 Loss, Lags Revenue Estimates

Unifi, Inc., Makers of REPREVE®, Announces First Quarter Fiscal 2023 Results and Extended and Expanded Credit Facility

UNIFI, Makers of REPREVE®, Schedules First Quarter Fiscal 2023 Earnings Conference Call

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