Welcome to our dedicated page for Unifi news (Ticker: UFI), a resource for investors and traders seeking the latest updates and insights on Unifi stock.
Unifi, Inc. (NYSE: UFI) generates a steady flow of news related to its role in fiber science, sustainable synthetic textiles, and recycled polyester and nylon yarns. Investors and industry followers can use this page to review company announcements about financial performance, restructuring initiatives, and product innovation tied to its REPREVE recycled fiber and resin platform.
Recent press releases have covered quarterly and annual earnings results, including net sales trends, gross profit or loss, segment performance in the Americas, Brazil, and Asia, and the use of non-GAAP measures such as Adjusted Net Loss and Adjusted EBITDA. These updates often discuss the impact of trade and tariff-related uncertainty, demand volatility, and foreign currency effects, as well as management’s profit improvement plans and cost-saving actions.
Unifi’s news flow also highlights strategic moves in its manufacturing footprint, such as the closure and sale of a Madison, North Carolina facility and the relocation of production capacity to other locations in North and Central America. The company links these developments to efforts to reduce debt, strengthen its balance sheet, and enhance operating efficiency.
Product and technology announcements form another key part of UFI news. Examples include the launch of A.M.Y. Peppermint, a naturally deodorizing yarn using peppermint oil; the expansion of REPREVE Takeback and ThermaLoop insulation made from textile waste; and the introduction of Fortisyn abrasion-resistant yarn for military and tactical applications. Visitors can also find notices of earnings conference calls, sustainability updates, and recognition for innovations such as ThermaLoop insulation in design and sustainability awards. Bookmark this page to review Unifi’s official communications and track how its strategy in recycled and synthetic yarns evolves over time.
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.
Summary not available.
Unifi, Inc. announces the election of Rhonda Ramlo to its Board of Directors, effective October 27, 2021. With nearly 30 years of strategic and business development experience, Ramlo is currently the VP & GM of Strategy, Acquisitions, and New Business Development at The Clorox Company. She aims to enhance Unifi's growth potential, particularly focusing on sustainability in textile innovation. Executive Chairman Al Carey expressed excitement about her joining, citing her strong track record in brand strategy and innovation.
Unifi, Inc. (NYSE: UFI) reported robust financial results for the first quarter of fiscal 2022, marking its highest quarterly net sales in over eight years, reaching $196.0 million, up 38.5% from the previous year. The growth is attributed to strong performance across all business segments, particularly in Brazil and Asia, with REPREVE® Fiber products contributing 37% to total sales. Gross profit surged 79% to $26.1 million, pushing net income to $8.7 million or $0.46 EPS. Adjusted EBITDA more than doubled, indicating a solid outlook for fiscal 2022.
Unifi, Inc. (NYSE: UFI) will host a conference call at 8:30 a.m. ET on October 26, 2021, to discuss its first quarter fiscal 2022 financial results. Results will be available on October 25, 2021, after market close on the company's website. Interested parties can access the call by dialing (877) 359-9508 or (224) 357-2393 for international listeners. A live webcast will also be available on Unifi's website, with a replay accessible until November 2, 2021. Unifi is a leading provider of synthetic and recycled performance fibers, having transformed over 25 billion plastic bottles into new products.
Summary not available.
Unifi, Inc. (NYSE: UFI) continues its sustainability efforts by launching its REPREVE® mobile tour at The University of Notre Dame™ during a football game against Purdue University on September 18. This marks the start of a new partnership aimed at educating students on recycling and showcasing fan gear made from REPREVE recycled fibers. The tour highlights Unifi's commitment to transforming over 25 billion plastic bottles into recycled yarns, promoting a greener future.
Summary not available.