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Unifi Inc (UFI) delivers innovative textile solutions through vertically integrated manufacturing and sustainable practices. This news hub provides investors and industry professionals with authoritative updates on corporate developments, financial performance, and operational milestones.
Access timely press releases and analysis covering earnings reports, product innovations like REPREVE® recycled fiber, strategic partnerships, and sustainability initiatives. Our curated collection ensures transparent tracking of material events shaping Unifi's position in global apparel, automotive, and industrial markets.
Key focus areas include manufacturing expansions, recycled material advancements, and market-specific strategies across North America, Brazil, and Asia. Bookmark this page for convenient access to operational updates and industry leadership insights directly from Unifi's verified sources.
Unifi, Inc. (NYSE: UFI) reported strong fourth-quarter results for the fiscal year ended June 27, 2021, with net sales of $184.4 million, marking a 114% increase year-over-year. This growth was driven by a robust demand for REPREVE® Fiber products, which constituted 38% of total sales. The company achieved a net income of $13.4 million (EPS: $0.70), recovering from a net loss of $20.2 million in the same quarter last year. Adjusted EBITDA stood at $20.4 million, up from -$14 million, reflecting a strong operational rebound.
Looking ahead, Unifi expects sales growth of over 10% for fiscal 2022.
Unifi, Inc. (NYSE: UFI) will host a conference call on August 5, 2021, at 8:30 a.m. ET to discuss its fourth quarter fiscal 2021 financial results. The results and supporting materials will be available post-market on August 4, 2021, on the company’s website. Unifi is recognized as a leader in manufacturing synthetic and recycled performance fibers, having transformed over 25 billion plastic bottles into recycled fiber through its REPREVE® technology. For details, visit investor.unifi.com.
Unifi (NYSE: UFI) has enhanced the transparency of its REPREVE recycled fiber brand by obtaining Higg Materials Sustainability Index (Higg MSI) scores, confirming a 21% reduction in global warming potential compared to generic recycled polyester and 42% compared to virgin polyester. The Higg MSI scores validate REPREVE's lower carbon footprint and support sustainability goals for organizations and consumers. Unifi’s commitment to sustainability is reflected in its Life Cycle Assessment, contributing positively to environmental impacts.
Unifi, Inc. (NYSE: UFI) reported strong Q3 results for fiscal 2021, with net sales of $178.9 million, up 4.6% year-over-year, and 9.9% sequentially. The gross profit surged 66% to $25.6 million, aided by strong performance in Brazil and Asia. The company achieved net income of $4.8 million, a significant recovery from a previous loss of $41.1 million. Adjusted EBITDA rose 70.1% to $15.9 million. The outlook remains optimistic with anticipated sales increases and effective management of inflationary pressures.
Unifi, Inc. (NYSE: UFI) announced a conference call scheduled for April 29, 2021, at 8:30 a.m. ET to discuss its third quarter fiscal 2021 financial results. The financial results will be published on April 28, 2021, after market close and available on its website. Investors can access the call by dialing (877) 359-9508 (domestic) or (224) 357-2393 (international) with conference ID 5487277. A replay will be offered until May 6, 2021.
Unifi, Inc. (NYSE: UFI) reported second quarter fiscal 2021 results with net sales of $162.8 million, a 4.0% decline year-over-year but a 15.0% increase from the previous quarter. REPREVE® Fiber products accounted for 37% of net sales, setting a quarterly record. Gross profit rose to $25.9 million, up 66% year-over-year, yielding a gross margin of 15.9%. Net income was $7.5 million ($0.40 EPS), significantly higher than $0.4 million from a year ago. The company also reported Net Debt at $9.6 million, the lowest in over 20 years.
Unifi, Inc. (NYSE: UFI) announced the election of Emma Battle to its Board of Directors effective January 25, 2021. Ms. Battle, founder and CEO of MarketVigor and President of Higher Ed Works, brings over 30 years of marketing and strategy experience from notable firms like Hanesbrands, PepsiCo, and Red Hat. Executive Chairman Al Carey expressed excitement over her addition, highlighting her relevant expertise as a significant asset for Unifi's future growth. Ms. Battle aims to leverage her experience to enhance Unifi's innovative sustainability initiatives.
On January 19, 2021, Unifi, Inc. (NYSE: UFI) announced a conference call scheduled for January 28, 2021, at 8:30 a.m. ET to discuss its second quarter fiscal 2021 financial results. Supporting materials will be available after market close on January 27, 2021, on the company’s investor website. The call can be accessed via phone or through a live audio webcast. Unifi is recognized for its innovative textile solutions, including its REPREVE technology, which has recycled over 23 billion plastic bottles into performance fibers for various consumer products.
Unifi, Inc. (NYSE: UFI) reported a net sales decrease of 21% year-over-year to $141.5 million for the first quarter of fiscal 2021, yet a 64% sequential increase from Q4 2020. REPREVE® Fiber sales reached a record 35% of total sales. Gross margin improved to 10.3%, up 60 basis points, while net income was $3.4 million, or $0.18 per share. The company achieved a net debt reduction to $17.3 million, its lowest in over 20 years. A strategic acquisition of texturing assets aimed to enhance capabilities was completed in October 2020. Outlook for fiscal 2021 anticipates continued recovery in sales and profitability.
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