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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) showcased its commitment to sustainability at the Pac-12 Football Championship Game in Las Vegas, where over 56,000 attendees explored the transformation of recycled bottles into fan gear through the REPREVE mobile tour. This initiative aligns with Unifi’s partnership with Pac-12’s Team Green, aimed at promoting innovative sustainability practices on college campuses. The collaboration also supports various sustainability programs, including grants for universities and competitions to encourage eco-friendly practices.
Unifi, Inc. announces the election of Rhonda Ramlo to its Board of Directors, effective October 27, 2021. With nearly 30 years of strategic and business development experience, Ramlo is currently the VP & GM of Strategy, Acquisitions, and New Business Development at The Clorox Company. She aims to enhance Unifi's growth potential, particularly focusing on sustainability in textile innovation. Executive Chairman Al Carey expressed excitement about her joining, citing her strong track record in brand strategy and innovation.
Unifi, Inc. (NYSE: UFI) reported robust financial results for the first quarter of fiscal 2022, marking its highest quarterly net sales in over eight years, reaching $196.0 million, up 38.5% from the previous year. The growth is attributed to strong performance across all business segments, particularly in Brazil and Asia, with REPREVE® Fiber products contributing 37% to total sales. Gross profit surged 79% to $26.1 million, pushing net income to $8.7 million or $0.46 EPS. Adjusted EBITDA more than doubled, indicating a solid outlook for fiscal 2022.
Unifi, Inc. (NYSE: UFI) will host a conference call at 8:30 a.m. ET on October 26, 2021, to discuss its first quarter fiscal 2022 financial results. Results will be available on October 25, 2021, after market close on the company's website. Interested parties can access the call by dialing (877) 359-9508 or (224) 357-2393 for international listeners. A live webcast will also be available on Unifi's website, with a replay accessible until November 2, 2021. Unifi is a leading provider of synthetic and recycled performance fibers, having transformed over 25 billion plastic bottles into new products.
Unifi, Inc. (NYSE: UFI) continues its sustainability efforts by launching its REPREVE® mobile tour at The University of Notre Dame™ during a football game against Purdue University on September 18. This marks the start of a new partnership aimed at educating students on recycling and showcasing fan gear made from REPREVE recycled fibers. The tour highlights Unifi's commitment to transforming over 25 billion plastic bottles into recycled yarns, promoting a greener future.
Unifi, Inc. (NYSE: UFI) reported strong fourth-quarter results for the fiscal year ended June 27, 2021, with net sales of $184.4 million, marking a 114% increase year-over-year. This growth was driven by a robust demand for REPREVE® Fiber products, which constituted 38% of total sales. The company achieved a net income of $13.4 million (EPS: $0.70), recovering from a net loss of $20.2 million in the same quarter last year. Adjusted EBITDA stood at $20.4 million, up from -$14 million, reflecting a strong operational rebound.
Looking ahead, Unifi expects sales growth of over 10% for fiscal 2022.
Unifi, Inc. (NYSE: UFI) will host a conference call on August 5, 2021, at 8:30 a.m. ET to discuss its fourth quarter fiscal 2021 financial results. The results and supporting materials will be available post-market on August 4, 2021, on the company’s website. Unifi is recognized as a leader in manufacturing synthetic and recycled performance fibers, having transformed over 25 billion plastic bottles into recycled fiber through its REPREVE® technology. For details, visit investor.unifi.com.
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