UNIFI, INC. (UFI) is asking shareholders to vote at its 2026 Annual Meeting on October 27, 2026 on three items: electing eight directors, an advisory Say‑on‑Pay vote, and ratifying KPMG LLP as auditor for fiscal 2027. The Board unanimously recommends voting FOR all three proposals.
There were 18,588,837 shares of common stock outstanding on the September 1, 2026 record date, each entitled to one vote. The Board is majority independent, with a separated Executive Chairman and CEO and a Lead Independent Director overseeing executive sessions. Disclosed related‑party dealings include approximately $4.4 million of tractor and trailer leases from an affiliate of director Kenneth G. Langone and $180,000 in consulting fees personally paid by him to director Rhonda L. Ramlo, both reviewed under the Related Persons Transactions Policy. Independent directors receive a standard $100,000 annual retainer, with additional cash or restricted stock unit retainers for committee and Board leadership roles. The executive pay program emphasizes pay‑for‑performance, with 2026 actions including temporary 10% base‑salary reductions for the Executive Chairman and CEO, reduced grant values for equity awards aligned to the share price, and performance share units with three‑year graded vesting tied to financial results.
UNIFI, INC. (UFI) reports that fiscal 2026 was a year of significant operational improvement, with strategic cost reductions, consolidation of Americas yarn manufacturing, and a Fiscal 2026 Profit Improvement Plan lowering its revenue breakeven and strengthening cash generation and the balance sheet. Management states that net sales declined versus 2025 amid weak global demand, but gross margin and profitability improved due to lower manufacturing costs, restructuring benefits, and reduced SG&A. The Americas Segment returned to positive gross profit, Brazil remained stable despite import pressures, and asset-light Asia stayed profitable.
REPREVE® recycled fiber remains the flagship growth platform, accounting for 30% of consolidated net sales, or $157,428 thousand, in fiscal 2026. As of December 26, 2025, voting common stock held by non-affiliates had an aggregate market value of $53,095,011, and as of August 20, 2026 there were 18,588,837 common shares outstanding. The company emphasizes disciplined capital spending, expects fiscal 2027 capex of $7,000–$9,000 thousand, and highlights stronger net debt metrics, expanded innovation platforms, and a leaner cost structure as it enters fiscal 2027.
UNIFI, Inc. (UFI) reported fourth-quarter fiscal 2026 net sales of $144.2 million, up 4.1% from a year earlier, led by stronger Brazil performance and modest growth in Asia. REPREVE Fiber products generated $40.2 million, or 28% of quarterly net sales.
Profitability improved sharply: fourth-quarter gross profit was $14.3 million with a 9.9% gross margin, compared with a gross loss and (0.8)% margin last year. Adjusted EBITDA turned positive to $8.2 million from $(4.1) million, while SG&A edged down to $11.8 million. The quarter showed a $1.2 million net loss versus prior-year net income that benefited from a large facility-sale gain.
For fiscal 2026, net sales were $531.3 million, down from $571.3 million, but gross margin improved from 1.5% to 5.7% and operating cash flow swung to $26.5 million from a use of cash. Debt principal fell to $92.4 million and Net Debt to $67.4 million. UNIFI also agreed to sell non-strategic Americas real estate for $60 million in gross proceeds, expected to support further debt reduction.
Unifi, Inc., through its subsidiary Unifi Manufacturing, Inc., agreed to sell certain industrial and land real estate in Yadkin County, North Carolina to Enovum Data Centers Corp. for a cash purchase price of $60.0 million. The assets include approximately 120 acres of land and 500,000 square feet of warehouse and industrial space and are characterized as non-strategic to the business.
An earnest money deposit of $2.25 million will be held in escrow, of which $1.0 million may become non-refundable if the buyer extends the inspection period. The inspection period expires on September 15, 2026, and closing is scheduled for 45 days thereafter, subject to customary and energy-capacity-related closing conditions and agreement on post-closing occupancy and partial leaseback terms. Net proceeds are designated to repay a portion of term loans under Unifi’s Second Amended and Restated Credit Agreement. The net book value of the property was less than $5.0 million as of June 28, 2026, indicating a sizable premium to carrying value. The company states the transaction is expected to have minimal operational impact and no change to current production capacity or customer service.
Unifi, Inc. Schedule 13G reports that Peter J Abrahamson beneficially owns 960,000 shares of Common Stock, equal to 5.2% of the class as of 06/22/2026. The filing lists sole voting and sole dispositive power over the 960,000 shares.
UNIFI INC executive Meredith Suzanne Boyd, an EVP, reported an amended insider transaction reflecting shares withheld for taxes rather than a market trade. On December 19, 2025, 1,143 shares of common stock were withheld at $3.39 per share to cover her tax withholding obligation upon the vesting of previously granted restricted stock units. After this correction, she directly beneficially owns 82,426 shares of Unifi common stock. This Form 4/A updates the share balance previously reported for that vesting event.
Unifi, Inc. reports narrower losses on lower sales. For the quarter ended March 29, 2026, net sales were $130.0 million, down from $146.6 million a year earlier, as volumes and pricing declined, especially in the Americas and Asia segments.
The company posted a net loss of $2.3 million versus $16.8 million previously, helped by cost-saving initiatives and better manufacturing utilization that lifted gross profit to $9.1 million from a small loss. For the nine months, sales fell to $387.1 million from $432.8 million and net loss improved to $23.4 million from $35.8 million.
Operating cash flow turned positive at $24.4 million for the nine months, compared with a $20.0 million use of cash in the prior-year period, aided by inventory reductions. Cash and cash equivalents were $26.6 million and total debt was $94.9 million, including $60.1 million on the ABL Term Loan and $22.0 million on the 2024 Facility.
Unifi, Inc. reported fiscal third quarter 2026 results showing stronger profitability and cash generation despite lower sales. Net sales were $130.0 million, down 11.3% from a year ago, but gross profit improved to $9.1 million with a 7.0% margin, compared to a gross loss in the prior-year quarter.
Net loss narrowed sharply to $2.3 million, or $0.12 per share, from $16.8 million, aided by cost reductions and a $1.8 million foreign currency gain. Adjusted EBITDA turned positive at $4.0 million versus a $4.9 million loss, and operating cash flow reached $8.0 million in the quarter and $24.4 million year-to-date.
Debt principal was $94.9 million and Net Debt was $68.4 million at March 29, 2026, while cash and cash equivalents increased to $26.6 million. REPREVE Fiber products generated $38.2 million of revenue, or 29% of net sales, and Unifi highlighted new product launches and a sustainability snapshot as it focuses on innovation, cost discipline, and balance sheet strength.
Unifi Inc received an updated ownership report from Minerva Advisors and related entities on a Schedule 13G/A. The filing shows that Minerva Advisors LLC and its affiliates, including Minerva Group, LP and David P. Cohen, beneficially own 1,222,420 shares of Unifi common stock, representing 6.6% of the outstanding shares. Of this, 703,441 shares (3.8%) are held by Minerva Group, LP, with the balance held through Minerva Advisors LLC, over which Minerva Advisors and Cohen share voting and dispositive power for 518,979 shares. The percentages are based on 18,581,051 shares outstanding as of January 30, 2026. The reporting persons certify the shares are not held for the purpose of changing or influencing control of Unifi.
Unifi, Inc. reported continued losses for the quarter and six months ended December 28, 2025, as weak textile demand and pricing pressure weighed on results despite cost cuts. Quarterly net sales fell to $121.4 million from $138.9 million, while the net loss narrowed slightly to $9.7 million from $11.4 million.
For the first half of fiscal 2026, net sales declined to $257.0 million from $286.3 million and the net loss widened to $21.1 million from $19.0 million. Gross margin remained thin at 2.7%, and Adjusted EBITDA was negative, reflecting ongoing operating challenges.
The Americas segment improved from a loss to positive Segment Profit on cost-saving initiatives, while Brazil and Asia saw lower sales and profits from competitive and tariff-driven pressures. REPREVE® recycled fiber represented 28% of quarterly and 29% of year-to-date sales, slightly below last year.
Unifi advanced a broad restructuring that includes closing its Madison, North Carolina facility and consolidating yarn manufacturing, along with the fiscal 2026 Profit Improvement Plan to reduce labor and support costs. These actions generated restructuring charges and transition costs but are intended to lower its cost base going forward. Cash rose to $30.2 million with debt principal at $105.4 million, helped by asset sales and tighter working capital.