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. (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, Inc. (NYSE: UFI) reported strong third-quarter fiscal 2024 results, with net sales reaching $149.0 million, a 9% increase from the previous quarter. The company showcased improved gross profit of $4.8 million and a sequential-quarter gross margin enhancement to 3.2%. However, a net loss of $10.3 million or $0.57 per share was recorded, compared to a net loss of $19.8 million in the previous quarter. Adjusted EBITDA was ($0.8) million, improving from ($5.5) million in the last quarter. Unifi is focused on sustainability, aiming to transform 1.5 billion t-shirts worth of textile waste by fiscal 2030. The company remains optimistic about future growth and expanding beyond apparel initiatives.
UNIFI, Inc., makers of REPREVE, will host a conference call to discuss its third quarter fiscal 2024 financial results on May 9, 2024. UNIFI is a global textile solutions provider known for transforming plastic bottles into recycled fiber for various consumer products. The company is a leader in synthetic and recycled performance fibers and collaborates with influential brands in multiple industries.
FAQ
What is the current stock price of Unifi (UFI)?
What is the market cap of Unifi (UFI)?
What does Unifi, Inc. specialize in?
Where are Unifi's manufacturing facilities located?
What types of yarns does Unifi produce?
Which markets does Unifi serve?
How does Unifi contribute to sustainability?
What are some key brands that feature Unifi's products?
What are premium value-added (PVA) yarns?
Has Unifi expanded its international operations?
What is the significance of Unifi's green practices?
What are some recent achievements of Unifi?
