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. 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.
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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.
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.
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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.