Unifi Stock Price, News & Analysis

Unifi, Inc. (NYSE: UFI) reported third-quarter fiscal 2022 results, highlighting net sales of $200.8 million, a 12.3% increase year-over-year, driven by strong demand for REPREVE® Fiber products, which constituted 36% of sales. Despite the growth, gross profit fell to $19.1 million from $25.6 million due to rising input costs, leading to a gross margin decline to 9.5%. Net income was $2.1 million, or $0.11 per share, down from $4.8 million, while adjusted EBITDA decreased to $12.2 million. The company's outlook anticipates net sales of $810 million or more for FY2022, despite challenges from ongoing lockdowns in China.

Unifi, Inc. (NYSE: UFI) will host a conference call on April 28, 2022, at 8:30 a.m. ET to discuss its third-quarter fiscal 2022 financial results, which will be available post-market on April 27, 2022. The call can be accessed at investor.unifi.com. A replay will be available for one week post-call. Unifi is a leader in producing synthetic and recycled performance fibers, transforming over 30 billion plastic bottles into sustainable products through its proprietary REPREVE technology.

Unifi, Inc. (UFI) hosted an investor event to outline ambitious plans for growth, targeting $1.1 billion in revenue by fiscal 2025. Highlights include expected fiscal 2022 revenues surpassing $800 million and gross margins of 14-15%. The company aims to increase REPREVE Fiber products to 50% of consolidated revenues by 2025 and transform 50 billion plastic bottles by December 2025. Initial positive results from new machinery installations were also discussed.

Unifi, Inc. reported strong second quarter results for fiscal 2022, with net sales of $201.4 million, up 23.7% from the previous year. REPREVE® Fiber products accounted for 40% of net sales, indicating growth in sustainable textiles. However, gross profit declined 35% to $16.9 million, primarily due to rising input costs and domestic operational challenges. Net income fell to $0.9 million, or $0.05 EPS, from $7.5 million, or $0.40 EPS, in the previous year. The company anticipates revenues exceeding $800 million for the fiscal year, driven by international sales performance and pricing adjustments.

Unifi, Inc. (NYSE: UFI) is set to enhance its sustainability efforts with the launch of new products and certifications at the Winter Market from Jan. 26-28, 2022. Key innovations include the U TRUST Product Certification, which increases transparency in REPREVE recycled fibers, and the REPREVE SmartDye technology, achieving up to 30% energy savings. Additionally, the new Berry Compliant Knit Cord caters to the evolving needs of mask manufacturing. CEO Eddie Ingle emphasizes commitment to sustainable practices through these improvements.

Unifi, Inc. (NYSE: UFI) will host a conference call on January 27, 2022, at 8:30 a.m. ET, to discuss its second quarter fiscal 2022 financial results. The results and materials will be available on the company's website after market close on January 26, 2022. Participants can dial in or join a live audio webcast from the site. A replay will be accessible for one week post-call. Unifi is a leader in producing recycled performance fibers, having transformed over 30 billion plastic bottles into new products, showcasing its innovation in sustainable textile solutions.

Unifi, Inc. (NYSE: UFI) showcased its commitment to sustainability at the Pac-12 Football Championship Game in Las Vegas, where over 56,000 attendees explored the transformation of recycled bottles into fan gear through the REPREVE mobile tour. This initiative aligns with Unifi’s partnership with Pac-12’s Team Green, aimed at promoting innovative sustainability practices on college campuses. The collaboration also supports various sustainability programs, including grants for universities and competitions to encourage eco-friendly practices.