Unifi Stock Price, News & Analysis

Unifi (NYSE: UFI), a leader in recycled and synthetic yarn manufacturing, has announced its first quarter fiscal 2025 earnings conference call scheduled for October 31, 2024, at 9:00 a.m. Eastern Time. The company will release its financial results and supporting materials after market close on October 30, 2024. The call will be accessible via phone and webcast, with presentation slides available on the company's investor website for 12 months following the call. A replay will be available through November 7, 2024.

Unifi (NYSE: UFI), an innovator in recycled and synthetic yarn, announced its fourth quarter and fiscal 2024 results. Net sales for Q4 were $157.5 million, a 6% increase from Q3, driven by higher sales volumes. Revenues from REPREVE Fiber products reached $53.6 million, representing 34% of net sales.

Gross profit improved to $10.8 million, with a 6.9% gross margin. The net loss narrowed to $4.0 million, or $0.22 per share, from $10.3 million in Q3. Adjusted EBITDA was $5.9 million, up from ($0.8) million in the previous quarter. For fiscal 2025, Unifi expects double-digit revenue growth, enhanced margins, and increased profitability due to strategic initiatives and product innovations.

Fiscal year net sales were $582.2 million, down from $623.5 million in the previous year, reflecting lower raw material costs and selling prices. The net loss for the year was $47.4 million, compared to $46.3 million in fiscal 2023. Unifi plans capital expenditures of $10-12 million for fiscal 2025 to support growth initiatives.

UNIFI, Inc. (NYSE: UFI) has launched two new circular polyester products made from textile waste: white filament yarn and ThermaLoop™ insulation. These products, powered by UNIFI's proprietary Textile Takeback™ process, expand the REPREVE® portfolio, making it the largest offering of regenerated performance polyester globally. The new products are made from 100% recycled polyester feedstock, with at least 50% textile waste, and achieve virgin-quality standards.

The white, dyeable filament yarn is designed for critical applications across industries, while ThermaLoop™ insulation offers performance in down-like fiber, fiberball, and padding forms. Both products are available globally and can be integrated into existing supply chains. This launch supports UNIFI's goal to recycle 1.5 billion T-shirts' worth of textile waste by fiscal year 2030.

Unifi, Inc. (NYSE: UFI), the makers of REPREVE®, has announced its fourth quarter fiscal 2024 earnings conference call scheduled for Thursday, August 22, 2024, at 9:00 a.m. Eastern Time. The company will release its financial results and supporting materials after market close on Wednesday, August 21, 2024, available on their investor relations website. Investors can access the call by dialing (800) 715-9871 (Domestic) or (646) 307-1963 (International) with conference ID 9957299. A live audio webcast and replay will be available on Unifi's website, along with presentation slides accessible for 12 months following the call.

UNIFI (NYSE: UFI), renowned for its innovative recycled and synthetic yarns, announced the winners of its seventh annual REPREVE Champions of Sustainability Awards. These awards honor global brands and partners like NIKE and Inditex for recycling over 40 billion plastic bottles into new products through REPREVE.

NIKE and Rothy's received the Milestone Award for transforming 3+ billion and 100+ million bottles, respectively. Under Armour and Lovesac earned Special Recognition Awards for their contributions to performance wear and home furnishings. Inditex was awarded the Global Brand Award for recycling 360+ million bottles, while Serta Simmons Bedding was named Rising Star for its sustainable bedding efforts.

The 2024 awards will honor 37 brand partners and 64 textile partners for significant contributions to sustainability. UNIFI's CEO, Eddie Ingle, emphasized the importance of partnership in driving environmental responsibility and innovation.

Unifi, Inc. (NYSE: UFI) reported strong third-quarter fiscal 2024 results, with net sales reaching $149.0 million, a 9% increase from the previous quarter. The company showcased improved gross profit of $4.8 million and a sequential-quarter gross margin enhancement to 3.2%. However, a net loss of $10.3 million or $0.57 per share was recorded, compared to a net loss of $19.8 million in the previous quarter. Adjusted EBITDA was ($0.8) million, improving from ($5.5) million in the last quarter. Unifi is focused on sustainability, aiming to transform 1.5 billion t-shirts worth of textile waste by fiscal 2030. The company remains optimistic about future growth and expanding beyond apparel initiatives.

UNIFI, Inc., makers of REPREVE, will host a conference call to discuss its third quarter fiscal 2024 financial results on May 9, 2024. UNIFI is a global textile solutions provider known for transforming plastic bottles into recycled fiber for various consumer products. The company is a leader in synthetic and recycled performance fibers and collaborates with influential brands in multiple industries.