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) 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.
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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.
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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.
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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.