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UNIFI, Inc. New - UFI STOCK NEWS

Welcome to our dedicated page for UNIFI New news (Ticker: UFI), a resource for investors and traders seeking the latest updates and insights on UNIFI New 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.

Rhea-AI Summary
UNIFI, Inc. (UFI) has announced the implementation of a Profitability Improvement Plan focused on reducing costs and investing in innovation. The plan includes cost reset and headcount reductions expected to lower expenses by $10-15 million annually, as well as sales transformation initiatives to bolster operating margins by $6 million annually. The company also made new executive officer appointments to critical roles, promoting A.J. Eaker to Executive Vice President and CFO, Meredith S. Boyd to Executive Vice President and Chief Product Officer, Brian D. Moore to Executive Vice President and President of Unifi Manufacturing, Inc., and Gregory K. Sigmon to Executive Vice President, General Counsel, and Corporate Secretary. The company aims to reinvest savings into margin accretive opportunities and product innovation for REPREVE, strengthening its financial profile beyond current actions. The PR also mentions a severance charge of $2.4 million and the expectation of $20 million in annual run-rate cost reduction by the start of fiscal 2025 as a result of the Profitability Improvement Plan.
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Unifi, Inc. (NYSE: UFI) will host a conference call to discuss its second quarter fiscal 2024 financial results. The company is a global textile solutions provider and innovator in manufacturing synthetic and recycled performance fibers, with a focus on transforming plastic bottles into recycled fiber for consumer products. UNIFI collaborates with influential brands in various industries.
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Unifi, Inc. reported operating results for the first fiscal quarter ended October 1, 2023. Net sales decreased by 22.7% compared to the same quarter last year, primarily due to weak apparel demand. Revenues from REPREVE Fiber products increased as a percentage of net sales. Gross loss was $0.6 million and net loss was $13.3 million. Adjusted EBITDA was ($4.8) million. The company's cost control measures helped generate cash and reduce net debt. Unifi expects second quarter results to be consistent with the first quarter.
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Unifi, Inc. to host conference call to discuss first quarter fiscal 2024 financial results
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Unifi, Inc. (NYSE: UFI) released its operating results for Q4 and fiscal year ended July 2, 2023. Net sales were $151.1 million, down from $217.6 million in the previous year, primarily due to weak demand. Operating loss was $13.7 million, impacted by lower demand and an $8.2 million impairment charge. Adjusted Net Loss was $7.0 million. Debt principal was $140.9 million and Net Debt was $93.9 million. UNIFI expects Q1 fiscal 2024 net sales and Adjusted EBITDA to be consistent with Q4 fiscal 2023 results. Cash and cash equivalents were $47.0 million.
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Unifi, Inc. (NYSE: UFI) announces findings of an independent peer-reviewed Life Cycle Assessment (LCA) showing that REPREVE recycled polyester reduces greenhouse gas emissions, fossil fuel usage, and water consumption compared to virgin polyester. REPREVE is a leading recycled polyester fiber brand made from post-consumer plastic bottles and pre-consumer waste materials, addressing environmental concerns.
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FAQ

What is the current stock price of UNIFI New (UFI)?

The current stock price of UNIFI New (UFI) is $5.61 as of December 3, 2024.

What is the market cap of UNIFI New (UFI)?

The market cap of UNIFI New (UFI) is approximately 103.8M.

What does Unifi, Inc. specialize in?

Unifi, Inc. specializes in manufacturing and selling synthetic and recycled polyester and nylon yarns for various end-use markets.

Where are Unifi's manufacturing facilities located?

Unifi's manufacturing facilities are located in Yadkinville, Madison, and Reidsville, NC, with additional operations in Brazil, Central America, and China.

What types of yarns does Unifi produce?

Unifi produces polyester yarns including partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed, and draw wound yarns in both virgin and recycled varieties.

Which markets does Unifi serve?

Unifi serves markets including apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in the Americas, Europe, and Asia.

How does Unifi contribute to sustainability?

Unifi operates its own recycling center, reuses motor oil and water, and reclaims energy from its dye baths and drying equipment to implement sustainable practices.

What are some key brands that feature Unifi's products?

Key brands featuring Unifi's products include Ford, Patagonia, North Face, and Vitamin A Swimwear.

What are premium value-added (PVA) yarns?

Premium value-added (PVA) yarns are specialized yarns offered by Unifi that provide additional benefits and qualities compared to standard yarns.

Has Unifi expanded its international operations?

Yes, Unifi has expanded its international operations with facilities and partnerships in Brazil, Central America, and China.

What is the significance of Unifi's green practices?

Unifi's green practices highlight its commitment to sustainability by reducing waste, recycling materials, and creating environmentally friendly products.

What are some recent achievements of Unifi?

Recent achievements of Unifi include expanding its international presence and enhancing its product offerings to meet the growing demand for sustainable textile solutions.

UNIFI, Inc. New

NYSE:UFI

UFI Rankings

UFI Stock Data

103.76M
14.83M
18.82%
55.14%
1.3%
Textile Manufacturing
Textile Mill Products
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United States of America
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