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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, Inc. (NYSE: UFI) will host a conference call on August 11, 2022, at 8:30 a.m. ET, to discuss its fourth quarter fiscal 2022 financial results. These results will be available post-market on August 10, 2022. Interested parties can access the call via phone at (800) 715-9871 or through a live audio webcast on their website. A replay will be available starting two hours after the call until August 18, 2022. Unifi, known for its REPREVE technology, has transformed over 30 billion plastic bottles into recycled fibers for various applications.
Unifi, Inc. (NYSE: UFI) repurchased 500,000 shares for $6.8 million in May 2022, contributing to a total of 616,500 shares repurchased this fiscal year for $9.2 million. Approximately $38.9 million remains available under the buyback program. Leadership changes include Greg Sigmon's appointment as Executive Officer and the transition of Mauro Fernandes to President of Unifi do Brasil, replacing retiring Lucas de Carvalho Rocha. Additionally, board member Jim Kilts retired, reducing the Board to eight members.
Unifi, Inc. (NYSE: UFI) showcased sustainable innovations at the Summer Outdoor Retailer Show in Denver from June 9-11, 2022. They introduced the U TRUST Product Certification for enhanced supply chain transparency and their REPREVE SmartDye™ technology, claiming up to 30% energy savings in dyeing processes. CEO Eddie Ingle emphasized the importance of verifiable sustainability claims. With over 30 billion plastic bottles transformed into recycled fibers, Unifi continues to lead in eco-friendly textile solutions.
Unifi, Inc. (NYSE: UFI) reported third-quarter fiscal 2022 results, highlighting net sales of $200.8 million, a 12.3% increase year-over-year, driven by strong demand for REPREVE® Fiber products, which constituted 36% of sales. Despite the growth, gross profit fell to $19.1 million from $25.6 million due to rising input costs, leading to a gross margin decline to 9.5%. Net income was $2.1 million, or $0.11 per share, down from $4.8 million, while adjusted EBITDA decreased to $12.2 million. The company's outlook anticipates net sales of $810 million or more for FY2022, despite challenges from ongoing lockdowns in China.
Unifi, Inc. (NYSE: UFI) will host a conference call on April 28, 2022, at 8:30 a.m. ET to discuss its third-quarter fiscal 2022 financial results, which will be available post-market on April 27, 2022. The call can be accessed at investor.unifi.com. A replay will be available for one week post-call. Unifi is a leader in producing synthetic and recycled performance fibers, transforming over 30 billion plastic bottles into sustainable products through its proprietary REPREVE technology.
Unifi, Inc. (UFI) hosted an investor event to outline ambitious plans for growth, targeting
Unifi, Inc. reported strong second quarter results for fiscal 2022, with net sales of $201.4 million, up 23.7% from the previous year. REPREVE® Fiber products accounted for 40% of net sales, indicating growth in sustainable textiles. However, gross profit declined 35% to $16.9 million, primarily due to rising input costs and domestic operational challenges. Net income fell to $0.9 million, or $0.05 EPS, from $7.5 million, or $0.40 EPS, in the previous year. The company anticipates revenues exceeding $800 million for the fiscal year, driven by international sales performance and pricing adjustments.
Unifi, Inc. (NYSE: UFI) is set to enhance its sustainability efforts with the launch of new products and certifications at the Winter Market from Jan. 26-28, 2022. Key innovations include the U TRUST Product Certification, which increases transparency in REPREVE recycled fibers, and the REPREVE SmartDye technology, achieving up to 30% energy savings. Additionally, the new Berry Compliant Knit Cord caters to the evolving needs of mask manufacturing. CEO Eddie Ingle emphasizes commitment to sustainable practices through these improvements.
Unifi, Inc. (NYSE: UFI) will host a conference call on January 27, 2022, at 8:30 a.m. ET, to discuss its second quarter fiscal 2022 financial results. The results and materials will be available on the company's website after market close on January 26, 2022. Participants can dial in or join a live audio webcast from the site. A replay will be accessible for one week post-call. Unifi is a leader in producing recycled performance fibers, having transformed over 30 billion plastic bottles into new products, showcasing its innovation in sustainable textile solutions.
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