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Unifi, Inc. (symbol: UFI) is a leading innovator in the global textile industry, renowned for its manufacturing and sale of synthetic and recycled products. Headquartered in North Carolina, Unifi has established a strong domestic and international presence with manufacturing facilities in Yadkinville, Madison, and Reidsville, NC, and operations extending to Brazil, Central America, and China.
Unifi's core business revolves around producing high-quality polyester and nylon yarns. Their product line includes partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed, and draw wound yarns, available in both virgin and recycled varieties. Unifi's offerings cater to various sectors, including apparel, hosiery, home furnishings, automotive, and industrial markets.
Committed to sustainability, Unifi operates its own recycling center and implements extensive recycling practices. The company collects and reuses motor oil to heat its maintenance facility, recycles water within its system, and reclaims energy from dye baths and drying equipment. Unifi's continuous research and innovation efforts aim to develop ecologically sound solutions and products.
Unifi's products are featured by prominent brands and retailers such as Ford, Patagonia, North Face, and Vitamin A Swimwear, reflecting the company's significant impact on the industry. The company offers a range of specialized yarns, premium value-added (PVA) yarns, and commodity yarns, serving principal geographic markets in the Americas, Europe, and Asia.
Recently, Unifi has achieved notable milestones, including expanding its international footprint and enhancing its product offerings to meet the growing demand for sustainable and innovative textile solutions. The company's commitment to green practices and continuous improvement underscores its role as a leader in the textile industry.
Unifi (NYSE: UFI) has launched Integr8™, a new multi-functional sustainable yarn that combines recycled materials with advanced performance features. The product, which includes REPREVE® recycled polyester, offers spandex-free stretch capabilities while delivering softness and moisture management properties.
The yarn is designed for multiple applications including apparel, footwear, and home furnishings, and can be used in woven, knit, and seamless products. Integr8™ will make its debut at the Première Vision Paris trade show from February 11-13.
According to CEO Eddie Ingle, this innovation addresses the market's demand for sustainable stretch materials that avoid the environmental impact associated with spandex.
Unifi Inc. (UFI) reported Q2 fiscal 2025 results with net sales of $138.9 million, up 1.4% from Q2 fiscal 2024, driven by higher sales volumes. REPREVE Fiber products generated $43.3 million in revenue, representing 31% of net sales.
The company reported a net loss of $11.4 million ($0.62 per share), compared to a net loss of $19.8 million ($1.10 per share) in Q2 fiscal 2024. Adjusted Net Loss was $15.7 million, excluding a $4.3 million gain from a warehouse sale. Gross profit decreased to $0.5 million from $1.6 million year-over-year.
The company announced plans to consolidate its U.S. manufacturing footprint to enhance operating efficiency and improve profitability. For fiscal 2025, Unifi expects net sales approximately equal to fiscal 2024, with improved second-half revenues and increased gross profit, gross margin, and Adjusted EBITDA compared to fiscal 2024.
Unifi (NYSE: UFI), a leader in recycled and synthetic yarn, announced plans to transition production from its Madison, North Carolina facility and put the property up for sale in 2025. The company will consolidate production into its existing facilities across North and Central America.
The strategic move aims to improve efficiency, lower fixed costs, and enhance profitability without impacting sales volume or production capacity. The consolidation will increase utilization rates at remaining facilities and improve fixed cost absorption. Proceeds from the property sale will be used to reduce existing debt.
The company will relocate certain equipment to maintain business continuity and customer service levels. UNIFI is offering existing Madison employees opportunities at other North Carolina facilities to ensure a smooth transition. Additional details will be provided during the company's Q2 fiscal 2025 earnings call on February 6, 2025.
Unifi (NYSE: UFI), a leading innovator in recycled and synthetic yarn, has announced its upcoming second quarter fiscal 2025 earnings conference call. The call is scheduled for Thursday, February 6, 2025, at 8:00 a.m. Eastern Time. The company will release its Q2 FY2025 financial results and supporting materials after market close on Wednesday, February 5, 2025.
Investors can access the conference call by dialing (646) 968-2525 (Domestic) or (888) 596-4144 (International) with conference ID 2916290. A live audio webcast will be available on the company's investor website. A replay of the call will be accessible until February 13, 2025, and presentation slides will remain available on the website for 12 months following the call.
Unifi (NYSE: UFI) reported Q1 fiscal 2025 results with net sales of $147.4 million, up 6% year-over-year. REPREVE Fiber products generated $44.7 million, representing 30% of net sales. The company posted a net loss of $7.6 million ($0.42 per share), improving from a $13.3 million loss in Q1 fiscal 2024. Gross profit was $9.5 million with a 6.4% margin. The company secured an additional $25 million credit facility and expects 10% net sales growth for fiscal 2025, with significant improvements in gross profit and margins.
Unifi (NYSE: UFI), a leader in recycled and synthetic yarn manufacturing, has announced its first quarter fiscal 2025 earnings conference call scheduled for October 31, 2024, at 9:00 a.m. Eastern Time. The company will release its financial results and supporting materials after market close on October 30, 2024. The call will be accessible via phone and webcast, with presentation slides available on the company's investor website for 12 months following the call. A replay will be available through November 7, 2024.
Unifi (NYSE: UFI), an innovator in recycled and synthetic yarn, announced its fourth quarter and fiscal 2024 results. Net sales for Q4 were $157.5 million, a 6% increase from Q3, driven by higher sales volumes. Revenues from REPREVE Fiber products reached $53.6 million, representing 34% of net sales.
Gross profit improved to $10.8 million, with a 6.9% gross margin. The net loss narrowed to $4.0 million, or $0.22 per share, from $10.3 million in Q3. Adjusted EBITDA was $5.9 million, up from ($0.8) million in the previous quarter. For fiscal 2025, Unifi expects double-digit revenue growth, enhanced margins, and increased profitability due to strategic initiatives and product innovations.
Fiscal year net sales were $582.2 million, down from $623.5 million in the previous year, reflecting lower raw material costs and selling prices. The net loss for the year was $47.4 million, compared to $46.3 million in fiscal 2023. Unifi plans capital expenditures of $10-12 million for fiscal 2025 to support growth initiatives.
UNIFI, Inc. (NYSE: UFI) has launched two new circular polyester products made from textile waste: white filament yarn and ThermaLoop™ insulation. These products, powered by UNIFI's proprietary Textile Takeback™ process, expand the REPREVE® portfolio, making it the largest offering of regenerated performance polyester globally. The new products are made from 100% recycled polyester feedstock, with at least 50% textile waste, and achieve virgin-quality standards.
The white, dyeable filament yarn is designed for critical applications across industries, while ThermaLoop™ insulation offers performance in down-like fiber, fiberball, and padding forms. Both products are available globally and can be integrated into existing supply chains. This launch supports UNIFI's goal to recycle 1.5 billion T-shirts' worth of textile waste by fiscal year 2030.
Unifi, Inc. (NYSE: UFI), the makers of REPREVE®, has announced its fourth quarter fiscal 2024 earnings conference call scheduled for Thursday, August 22, 2024, at 9:00 a.m. Eastern Time. The company will release its financial results and supporting materials after market close on Wednesday, August 21, 2024, available on their investor relations website. Investors can access the call by dialing (800) 715-9871 (Domestic) or (646) 307-1963 (International) with conference ID 9957299. A live audio webcast and replay will be available on Unifi's website, along with presentation slides accessible for 12 months following the call.
UNIFI (NYSE: UFI), renowned for its innovative recycled and synthetic yarns, announced the winners of its seventh annual REPREVE Champions of Sustainability Awards. These awards honor global brands and partners like NIKE and Inditex for recycling over 40 billion plastic bottles into new products through REPREVE.
NIKE and Rothy's received the Milestone Award for transforming 3+ billion and 100+ million bottles, respectively. Under Armour and Lovesac earned Special Recognition Awards for their contributions to performance wear and home furnishings. Inditex was awarded the Global Brand Award for recycling 360+ million bottles, while Serta Simmons Bedding was named Rising Star for its sustainable bedding efforts.
The 2024 awards will honor 37 brand partners and 64 textile partners for significant contributions to sustainability. UNIFI's CEO, Eddie Ingle, emphasized the importance of partnership in driving environmental responsibility and innovation.
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