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 (UFI) delivers innovative textile solutions through vertically integrated manufacturing and sustainable practices. This news hub provides investors and industry professionals with authoritative updates on corporate developments, financial performance, and operational milestones.
Access timely press releases and analysis covering earnings reports, product innovations like REPREVE® recycled fiber, strategic partnerships, and sustainability initiatives. Our curated collection ensures transparent tracking of material events shaping Unifi's position in global apparel, automotive, and industrial markets.
Key focus areas include manufacturing expansions, recycled material advancements, and market-specific strategies across North America, Brazil, and Asia. Bookmark this page for convenient access to operational updates and industry leadership insights directly from Unifi's verified sources.
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.
FAQ
What is the current stock price of Unifi (UFI)?
What is the market cap of Unifi (UFI)?
