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05.02.25 - 22:18
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UNIFI®, Makers of REPREVE®, Announces Second Quarter Fiscal 2025 Results (Business Wire)
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Continued efficiency initiatives in Americas better position Company for long-term revenue and profit growthGREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), leading innovator in recycled and synthetic yarn, today released operating results for the second fiscal quarter ended December 29, 2024.
Second Quarter Fiscal 2025 Overview
Net sales were $138.9 million, an increase of 1.4% from the second quarter of fiscal 2024, primarily driven by higher sales volumes.
Revenues from REPREVE Fiber products were $43.3 million and represented 31% of net sales, compared to $45.7 million or 33% of net sales for the second quarter of fiscal 2024.
Gross profit was $0.5 million and gross margin was 0.4%, compared to gross profit of $1.6 million and 1.2% for the second quarter of fiscal 2024.
Net loss was $11.4 million, or $0.62 per share, compared to a net loss of $19.8 million, or $1.10 per share, for the second quarter of fiscal 2024. Adjusted Net Loss...
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03.02.25 - 22:18
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UNIFI®, Makers of REPREVE®, Announces U.S. Manufacturing Transition (Business Wire)
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Strategic decision to enhance operating efficiency, lower fixed costs, improve profitability and further strengthen balance sheetGREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), leading innovator in recycled and synthetic yarn, today announced it will be transitioning yarn production out of its manufacturing facility in Madison, North Carolina, and placing the property for sale in calendar 2025. Production activities currently occurring at the Madison, North Carolina facility will be consolidated into UNIFI facilities in North and Central America.
Key Highlights:
The footprint reduction will improve efficiency and strengthen operations to better support customers' needs without sacrificing sales volume or creating disruptions in production capacity.
The transition will allow for a significant increase in utilization rates at the remaining facilities across North and Central America, improving fixed cost absorption and supporting an enh...
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22.01.25 - 22:33
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UNIFI®, Makers of REPREVE®, Schedules Second Quarter Fiscal 2025 Earnings Conference Call (Business Wire)
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GREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), leading innovator in recycled and synthetic yarn, will host a conference call at 8:00 a.m., Eastern Time, on Thursday, February 6, 2025, to discuss its second quarter fiscal 2025 financial results.
The second quarter fiscal 2025 financial results and supporting materials will be available after the close of market trading on Wednesday, February 5, 2025, on the Company's website at http://investor.unifi.com. The conference call can be accessed approximately 10 minutes prior to the beginning of the call by dialing (646) 968-2525 (Domestic) or (888) 596-4144 (International) and, when prompted, providing conference ID number 2916290.
There will also be a live audio webcast of the call, which can be accessed on the Company's website at http://investor.unifi.com.
A replay of the conference call will be available approximately two hours following the call through Thursday, February 13, 2025, a...
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