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. (NYSE: UFI) generates a steady flow of news related to its role in fiber science, sustainable synthetic textiles, and recycled polyester and nylon yarns. Investors and industry followers can use this page to review company announcements about financial performance, restructuring initiatives, and product innovation tied to its REPREVE recycled fiber and resin platform.
Recent press releases have covered quarterly and annual earnings results, including net sales trends, gross profit or loss, segment performance in the Americas, Brazil, and Asia, and the use of non-GAAP measures such as Adjusted Net Loss and Adjusted EBITDA. These updates often discuss the impact of trade and tariff-related uncertainty, demand volatility, and foreign currency effects, as well as management’s profit improvement plans and cost-saving actions.
Unifi’s news flow also highlights strategic moves in its manufacturing footprint, such as the closure and sale of a Madison, North Carolina facility and the relocation of production capacity to other locations in North and Central America. The company links these developments to efforts to reduce debt, strengthen its balance sheet, and enhance operating efficiency.
Product and technology announcements form another key part of UFI news. Examples include the launch of A.M.Y. Peppermint, a naturally deodorizing yarn using peppermint oil; the expansion of REPREVE Takeback and ThermaLoop insulation made from textile waste; and the introduction of Fortisyn abrasion-resistant yarn for military and tactical applications. Visitors can also find notices of earnings conference calls, sustainability updates, and recognition for innovations such as ThermaLoop insulation in design and sustainability awards. Bookmark this page to review Unifi’s official communications and track how its strategy in recycled and synthetic yarns evolves over time.
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.
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.
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