UNIFI, Inc. manufactures and sells recycled and synthetic yarns, with company updates centered on REPREVE-branded products, polyester and nylon yarn categories, and segment conditions in the Americas, Brazil and Asia. Its yarns are used by manufacturers, knitters and weavers serving apparel, hosiery, home furnishings, automotive, industrial and other end markets.
Recurring news covers quarterly operating results, cash flow, debt levels, cost and footprint actions, demand volatility, trade and tariff conditions, and product innovation. Product announcements include Luxel, a linen-inspired performance yarn; ThermaLoop insulation powered by REPREVE Textile Takeback; REPREVE Takeback circular polyester; FiberPrint tracer technology; and U-TRUST recycled-content verification.
Unifi, Inc. (NYSE: UFI) will host a conference call on August 11, 2022, at 8:30 a.m. ET, to discuss its fourth quarter fiscal 2022 financial results. These results will be available post-market on August 10, 2022. Interested parties can access the call via phone at (800) 715-9871 or through a live audio webcast on their website. A replay will be available starting two hours after the call until August 18, 2022. Unifi, known for its REPREVE technology, has transformed over 30 billion plastic bottles into recycled fibers for various applications.
Unifi, Inc. (NYSE: UFI) repurchased 500,000 shares for $6.8 million in May 2022, contributing to a total of 616,500 shares repurchased this fiscal year for $9.2 million. Approximately $38.9 million remains available under the buyback program. Leadership changes include Greg Sigmon's appointment as Executive Officer and the transition of Mauro Fernandes to President of Unifi do Brasil, replacing retiring Lucas de Carvalho Rocha. Additionally, board member Jim Kilts retired, reducing the Board to eight members.
Unifi, Inc. (NYSE: UFI) showcased sustainable innovations at the Summer Outdoor Retailer Show in Denver from June 9-11, 2022. They introduced the U TRUST Product Certification for enhanced supply chain transparency and their REPREVE SmartDye™ technology, claiming up to 30% energy savings in dyeing processes. CEO Eddie Ingle emphasized the importance of verifiable sustainability claims. With over 30 billion plastic bottles transformed into recycled fibers, Unifi continues to lead in eco-friendly textile solutions.
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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.