PART I—FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Unifi reported a net loss of $35.8 million on $432.8 million net sales for the nine months ended March 30, 2025, reflecting asset decrease and liability increase [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 30, 2025, total assets decreased to $446.5 million, total liabilities increased to $218.2 million, and shareholders' equity declined to $228.4 million Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | **Total current assets** | $245,530 | $248,933 | | **Total assets** | **$446,540** | **$469,244** | | **Total current liabilities** | $78,605 | $76,566 | | **Long-term debt** | $127,894 | $117,793 | | **Total liabilities** | **$218,154** | **$205,859** | | **Total shareholders' equity** | **$228,386** | **$263,385** | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) Q3 FY25 net sales decreased to $146.6 million with a $0.4 million gross loss and $16.8 million net loss, while nine-month net sales increased to $432.8 million with a narrowed $35.8 million net loss Key Operational Results (in thousands, except per share amounts) | Metric | Q3 FY2025 | Q3 FY2024 | Nine Months FY2025 | Nine Months FY2024 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $146,557 | $148,996 | $432,809 | $424,757 | | **Gross (loss) profit** | $(445) | $4,764 | $9,547 | $5,825 | | **Operating loss** | $(13,860) | $(6,926) | $(24,640) | $(36,598) | | **Net loss** | $(16,794) | $(10,295) | $(35,818) | $(43,411) | | **Diluted net loss per share** | $(0.92) | $(0.57) | $(1.96) | $(2.40) | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations was $20.0 million for the nine months ended March 30, 2025, with investing activities providing $0.2 million and financing activities providing $9.3 million, leading to a $10.6 million cash decrease Cash Flow Summary (in thousands) | Activity | Nine Months Ended March 30, 2025 | Nine Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Net cash (used) provided by operating activities** | $(19,994) | $1,160 | | **Net cash provided (used) by investing activities** | $179 | $(8,076) | | **Net cash provided (used) by financing activities** | $9,275 | $(12,236) | | **Net decrease in cash and cash equivalents** | $(10,550) | $(19,298) | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, REPREVE® Fiber sales, increased debt, segment performance, and the Madison facility closure with associated costs and a $53.2 million sale agreement REPREVE® Fiber Net Sales (in thousands) | Period | REPREVE® Fiber Sales | % of Total Net Sales | | :--- | :--- | :--- | | **Three Months Ended March 30, 2025** | $44,699 | 30.5% | | **Three Months Ended March 31, 2024** | $46,754 | 31.4% | | **Nine Months Ended March 30, 2025** | $132,713 | 30.7% | | **Nine Months Ended March 31, 2024** | $134,940 | 31.8% | - On October 25, 2024, UNIFI entered into a new **$25,000** revolving credit facility, collateralized by personal assets of board member Kenneth G. Langone. In January 2025, UNIFI borrowed **$22,000** against this facility[46](index=46&type=chunk)[47](index=47&type=chunk) - On February 3, 2025, UNIFI announced the pending closure of its Madison, North Carolina facility. This resulted in **$1.32 million** of restructuring costs in Q3 FY25. The company estimates an additional **$6 to $8 million** in related costs[77](index=77&type=chunk)[78](index=78&type=chunk) - Subsequent to the quarter-end, on April 10, 2025, UNIFI entered an agreement to sell the Madison, NC facility and related equipment for a cash price of **$53,200**, with proceeds intended to repay debt[79](index=79&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses performance in a challenging textile market, noting Q3 FY25 sales decrease and Adjusted EBITDA loss, while nine-month sales rose with improved Adjusted EBITDA, supported by strategic initiatives and liquidity management - The company faces adverse impacts from a challenging environment for textile production and demand, including inflation, elevated interest rates, and volatility in trade and regulatory matters[87](index=87&type=chunk) - Strategic initiatives include growing market share, expanding REPREVE® products into non-apparel markets, commercializing innovative solutions, and increasing brand awareness[86](index=86&type=chunk) [Results of Operations - Three Months Ended March 30, 2025](index=20&type=section&id=Results%20of%20Operations%20-%20Three%20Months%20Ended%20March%2030%2C%202025) Q3 FY25 consolidated net sales decreased 1.6% to $146.6 million, resulting in a $0.4 million gross loss and a widened $16.8 million net loss, with Adjusted EBITDA at a $4.9 million loss Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | Description | Q3 FY2025 | Q3 FY2024 | | :--- | :--- | :--- | | **Net loss** | **$(16,794)** | **$(10,295)** | | Interest expense, net | $2,219 | $1,975 | | Provision for income taxes | $499 | $790 | | Depreciation and amortization expense | $6,259 | $6,753 | | **EBITDA** | **$(7,817)** | **$(777)** | | Transition costs | $2,900 | — | | **Adjusted EBITDA** | **$(4,917)** | **$(777)** | - Gross profit decreased by **$5.2 million**, primarily due to lower conversion margins in the Americas, softer sales in Asia, and **$1.58 million** in transition costs related to the consolidation of yarn manufacturing operations[106](index=106&type=chunk) - The company incurred **$1.32 million** in restructuring costs related to the closure of its Madison, North Carolina facility[109](index=109&type=chunk) [Results of Operations - Nine Months Ended March 30, 2025](index=25&type=section&id=Results%20of%20Operations%20-%20Nine%20Months%20Ended%20March%2030%2C%202025) Nine-month net sales increased 1.9% to $432.8 million, gross profit grew to $9.5 million, and net loss narrowed to $35.8 million, with Adjusted EBITDA improving to a $7.5 million loss Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | Description | Nine Months FY2025 | Nine Months FY2024 | | :--- | :--- | :--- | | **Net loss** | **$(35,818)** | **$(43,411)** | | Interest expense, net | $6,690 | $5,795 | | Provision for income taxes | $4,021 | $707 | | Depreciation and amortization expense | $19,046 | $20,663 | | **EBITDA** | **$(6,061)** | **$(16,246)** | | Transition costs | $2,900 | — | | Gain on sale of assets | $(4,296) | — | | Restructuring costs | — | $5,101 | | **Adjusted EBITDA** | **$(7,457)** | **$(11,145)** | - Gross profit increased due to higher sales volumes, cost-saving initiatives, and improved productivity, though it was unfavorably impacted by weak fixed cost absorption in the Americas segment[138](index=138&type=chunk) - A gain of **$4.3 million** was recorded from the sale of a warehouse in Yadkinville, North Carolina[143](index=143&type=chunk) [Segment Overview](index=22&type=section&id=Segment%20Overview) For the nine-month period, Americas segment returned to profitability with $1.1 million profit, Brazil segment profit increased 44.6% to $16.8 million, and Asia segment profit declined 31.8% to $9.8 million Segment (Loss) Profit (in thousands) | Segment | Nine Months FY2025 | Nine Months FY2024 | % Change | | :--- | :--- | :--- | :--- | | **Americas** | $1,120 | $(1,154) | 197.1% | | **Brazil** | $16,755 | $11,590 | 44.6% | | **Asia** | $9,755 | $14,314 | (31.8)% | - The Americas segment's profit improvement was driven by higher margins from better variable cost management, despite weak fixed cost absorption and transition costs from facility consolidation[154](index=154&type=chunk) - The Brazil segment's profit growth was attributable to higher conversion margins and increased sales volumes from market share gains, partially offset by unfavorable foreign currency effects[157](index=157&type=chunk) - The Asia segment's profit decline was caused by a lower gross margin rate associated with a change in the sales mix of REPREVE products[159](index=159&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity is supported by credit facilities, with available liquidity of $44.5 million as of March 30, 2025, and net debt increasing to $123.7 million, partially offset by a new credit facility and a subsequent asset sale agreement Net Debt Reconciliation (in thousands) | Description | March 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Debt principal | $140,002 | $130,299 | | Less: cash and cash equivalents | $16,255 | $26,805 | | **Net Debt** | **$123,747** | **$103,494** | - As of March 30, 2025, the company had **$45.1 million** in availability under its ABL Revolver and **$0.6 million** under its 2024 Facility[162](index=162&type=chunk) - Subsequent to quarter-end, UNIFI agreed to sell its Madison, NC facility for **$53.2 million**, with net proceeds to be used for debt repayment[165](index=165&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Unifi faces market risks from interest rate fluctuations, foreign currency exchange rates, and raw material costs, with a 50-basis point rate increase potentially raising annual interest expense by $0.7 million - A **50-basis point** increase in interest rates would result in an approximate **$700,000** increase in annual interest expense on the company's **$133.0 million** of ABL Facility borrowings[187](index=187&type=chunk) - As of March 30, 2025, **29.6%** of total consolidated assets were held by subsidiaries outside the U.S. with a functional currency other than the USD, indicating significant foreign currency exposure[188](index=188&type=chunk) [Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) As of March 30, 2025, Unifi's disclosure controls and procedures were deemed effective, with no material changes to internal control over financial reporting during the quarter - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of March 30, 2025[191](index=191&type=chunk) - No changes occurred during the quarter ended March 30, 2025, that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[192](index=192&type=chunk) PART II—OTHER INFORMATION [Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings, none of which are expected to have a material adverse effect on its financial position, results, or cash flows - The company does not believe that any ongoing legal proceedings would be expected to have a material adverse effect on its results of operations, financial position, or cash flows[194](index=194&type=chunk) [Risk Factors](index=36&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's risk factors have occurred since the Annual Report on Form 10-K for the fiscal year ended June 30, 2024 - No material changes in UNIFI's risk factors have occurred since the filing of the 2024 Form 10-K[195](index=195&type=chunk) [Other Information](index=36&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted, modified, or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter ended March 30, 2025 - No directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the third fiscal quarter[196](index=196&type=chunk) [Exhibits](index=37&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including credit agreement amendments, CEO and CFO certifications, and XBRL data files

Unifi (UFI) Q3 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Albert Carey - Executive ChairmanEdmund Ingle - Chief Executive Officer and DirectorAndrew Eaker - Executive Vice President, Chief Financial Officer, and TreasurerRandy Baron - Portfolio Manager Conference Call Participants Anthony Lebiedzinski - Senior Equity Research AnalystNone - Analyst Operator Good morning, and thank you for attending Unifi's Third Quarter Fiscal twenty twenty five Earnings Conference Call. Today's confere ...

Unifi (UFI) Q3 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Albert Carey - Executive ChairmanEdmund Ingle - Chief Executive Officer and DirectorAndrew Eaker - Executive Vice President, Chief Financial Officer, and TreasurerRandy Baron - Portfolio Manager Conference Call Participants Anthony Lebiedzinski - Senior Equity Research AnalystNone - Analyst Operator Good morning, and thank you for attending Unifi's Third Quarter Fiscal twenty twenty five Earnings Conference Call. Today's confere ...

Unifi (UFI) Q3 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Good morning, and thank you for attending Unifi's Third Quarter Fiscal twenty twenty five Earnings Conference Call. Today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. The speakers for today's call include Al Carey, Executive Chairman Eddie Ingle, Chief Executive Officer A. J. Ecker, Chief Financial Officer. During ...

Core Viewpoint - Unifi (UFI) reported a quarterly loss of $0.76 per share, which was better than the Zacks Consensus Estimate of a loss of $0.83, but worse than the loss of $0.57 per share from the previous year, indicating a mixed performance in earnings [1] Financial Performance - The company posted revenues of $146.56 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1%, but down from $149 million in the same quarter last year [2] - Over the last four quarters, Unifi has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Unifi shares have declined approximately 17.1% since the beginning of the year, while the S&P 500 has decreased by 5.5% [3] - The current Zacks Rank for Unifi is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.56 on revenues of $149.56 million, and for the current fiscal year, it is -$2.67 on revenues of $580.92 million [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Textile - Products industry, to which Unifi belongs, is currently ranked in the bottom 5% of over 250 Zacks industries, suggesting a challenging environment for the company [8]

(Amounts and dollars in millions, unless otherwise noted) Exhibit 99.2 Cautionary Statements Forward-Looking Statements Certain statements included herein contain "forward-looking statements" within the meaning of federal securities laws about the financial condition and results of operations of the Company that are based on management's beliefs, assumptions, and expectations about our future economic performance, considering the information currently available to management. An example of such forward-look ...

Third Quarter Fiscal 2025 Results [Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) Unifi reported a 1.6% decrease in Q3 FY2025 net sales to $146.6 million and a wider net loss of $16.8 million, influenced by sales mix and Asia volumes, with a key facility sale agreement for debt reduction Q3 Fiscal 2025 Key Financial Metrics (vs. Q3 Fiscal 2024) | Metric | Q3 FY2025 | Q3 FY2024 | Change | | :--- | :--- | :--- | :--- | | Net Sales | $146.6M | $149.0M | -1.6% | | REPREVE® Fiber Sales | $44.7M | $46.7M | -4.3% | | Gross (Loss) Profit | $(0.4)M | $4.8M | -108.3% | | Gross Margin | (0.3)% | 3.2% | -3.5 p.p. | | Net Loss | $(16.8)M | $(10.3)M | +63.1% | | Diluted EPS | $(0.92) | $(0.57) | +61.4% | | Adjusted EBITDA* | $(4.9)M | $(0.8)M | -512.5% | - Subsequent to the quarter's end, the company entered into an agreement to sell its Madison, North Carolina manufacturing facility for **$53.2 million**. The proceeds are designated for repaying outstanding debt[4](index=4&type=chunk) - The CEO noted that results were in line with expectations, driven by improved performance and positive traction in the Americas segment, particularly in Central America. The company is also making progress on optimizing the cost structure of its U.S. operations[3](index=3&type=chunk) [Detailed Financial Performance Analysis](index=2&type=section&id=Detailed%20Financial%20Performance%20Analysis) Net sales declined due to weaker sales mix and lower volumes in Asia and Brazil, partially offset by Americas growth, leading to a significant gross profit decrease and a widened operating loss of $13.9 million - Net sales decreased to **$146.6 million** from **$149.0 million**, mainly due to weaker performance in the Asia and Brazil segments, which was partly offset by higher sales volumes in the Americas Segment[5](index=5&type=chunk) - Gross profit declined by **$5.2 million** year-over-year. The Americas segment's gross profit fell by **$3.4 million** due to inflation and transition costs, Asia's by **$0.9 million** from lower volumes and unfavorable mix, and Brazil's by **$0.8 million** from currency effects[6](index=6&type=chunk) - Operating loss increased to **$13.9 million** from **$6.9 million** in the prior-year quarter, primarily due to the significant decrease in gross profit[7](index=7&type=chunk) [Segment Performance](index=8&type=section&id=Segment%20Performance) In Q3 FY2025, Americas net sales modestly increased to $93.5 million but gross loss widened to $7.0 million, while Brazil and Asia segments experienced declines in both net sales and gross profit Segment Net Sales (in thousands) | Segment | Q3 FY2025 | Q3 FY2024 | | :--- | :--- | :--- | | Americas | $93,544 | $91,130 | | Brazil | $28,124 | $29,573 | | Asia | $24,889 | $28,293 | Segment Gross (Loss) Profit (in thousands) | Segment | Q3 FY2025 | Q3 FY2024 | | :--- | :--- | :--- | | Americas | $(6,957) | $(3,514) | | Brazil | $2,988 | $3,837 | | Asia | $3,524 | $4,441 | [Strategic Initiatives and Outlook](index=2&type=section&id=Strategic%20Initiatives%20and%20Outlook) Unifi is executing a manufacturing transition for $20.0 million in annual cost savings, anticipating sequential Q4 FY2025 net sales and Adjusted EBITDA improvement, despite $6.0 to $8.0 million in restructuring expenses [Update on Manufacturing Transition](index=2&type=section&id=Update%20on%20Manufacturing%20Transition) The company is closing and transitioning domestic manufacturing operations, with a real estate sale expected by May 15, 2025, projecting **$20.0 million** in annual cost savings from headcount reduction and operational synergies - The manufacturing transition and restructuring charges will continue through Q1 of fiscal 2026 as machinery is relocated to other facilities in North and Central America[8](index=8&type=chunk) - The company expects to achieve annual cost savings of approximately **$20.0 million**, primarily from lower headcount and operational synergies, following the manufacturing footprint reduction[8](index=8&type=chunk) [Fiscal 2025 Outlook](index=3&type=section&id=Fiscal%202025%20Outlook) Unifi projects sequential Q4 FY2025 improvement in net sales and Adjusted EBITDA, driven by Americas recovery, while anticipating **$6.0 million** to **$8.0 million** in continued restructuring and transition expenses - Expects Q4 FY2025 net sales and Adjusted EBITDA to improve sequentially from Q3 FY2025[13](index=13&type=chunk) - Anticipates continued restructuring and transition expenses, primarily for equipment relocation and abandonment, between **$6.0 million** and **$8.0 million**[13](index=13&type=chunk) - The CEO stated that despite global macroeconomic uncertainty, the company has taken steps to improve the business and is positioned for future growth[10](index=10&type=chunk) [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) This section presents Unifi's unaudited condensed consolidated financial statements as of March 30, 2025, including Statements of Operations, Balance Sheets, and Cash Flows, detailing the company's financial position and performance [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q3 FY2025, Unifi reported net sales of **$146.6 million**, a gross loss of **$0.4 million**, and a net loss of **$16.8 million** or **$0.92** per share, compared to prior year's **$149.0 million** sales and **$10.3 million** net loss Statement of Operations Highlights (in thousands, except per share amounts) | Metric | For the Three Months Ended Mar 30, 2025 | For the Three Months Ended Mar 31, 2024 | | :--- | :--- | :--- | | Net sales | $146,557 | $148,996 | | Gross (loss) profit | $(445) | $4,764 | | Operating loss | $(13,860) | $(6,926) | | Net loss | $(16,794) | $(10,295) | | Diluted net loss per share | $(0.92) | $(0.57) | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 30, 2025, Unifi's total assets decreased to **$446.5 million**, total liabilities increased to **$218.2 million**, and cash and cash equivalents significantly decreased to **$16.3 million** Balance Sheet Highlights (in thousands) | Metric | March 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $16,255 | $26,805 | | Total current assets | $245,530 | $248,933 | | Total assets | $446,540 | $469,244 | | Long-term debt | $127,894 | $117,793 | | Total liabilities | $218,154 | $205,859 | | Total shareholders' equity | $228,386 | $263,385 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended March 30, 2025, net cash used by operating activities was **$20.0 million**, contrasting with **$1.2 million** provided in the prior year, resulting in a **$10.6 million** net decrease in cash and cash equivalents Cash Flow Highlights (in thousands) | Metric | For the Nine Months Ended Mar 30, 2025 | For the Nine Months Ended Mar 31, 2024 | | :--- | :--- | :--- | | Net cash (used) provided by operating activities | $(19,994) | $1,160 | | Net cash provided (used) by investing activities | $179 | $(8,076) | | Net cash provided (used) by financing activities | $9,275 | $(12,236) | | Net decrease in cash and cash equivalents | $(10,550) | $(19,298) | [Reconciliation of GAAP to Non-GAAP Measures](index=8&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) This section details adjustments from GAAP to non-GAAP metrics, including **$2.9 million** in Q3 FY2025 transition costs, reconciling net loss to Adjusted EBITDA, Adjusted Net Loss, Adjusted EPS, and Net Debt [EBITDA and Adjusted EBITDA Reconciliation](index=8&type=section&id=EBITDA%20and%20Adjusted%20EBITDA%20Reconciliation) For Q3 FY2025, Unifi's net loss of **$16.8 million** reconciled to an EBITDA of **$(7.8) million**, with Adjusted EBITDA at **$(4.9) million** after **$2.9 million** in transition costs, a significant decline from prior year Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | Metric | Q3 FY2025 | Q3 FY2024 | | :--- | :--- | :--- | | Net loss | $(16,794) | $(10,295) | | EBITDA | $(7,817) | $(777) | | Transition costs | $2,900 | $— | | **Adjusted EBITDA** | **$(4,917)** | **$(777)** | - The **$2.9 million** in transition costs for Q3 FY2025 consisted of facility closure/relocation costs (**$1.1M**), inventory write-downs (**$1.0M**), excess manufacturing costs (**$0.6M**), and employee separation/retention costs (**$0.2M**)[28](index=28&type=chunk) [Adjusted Net Loss and Adjusted EPS Reconciliation](index=9&type=section&id=Adjusted%20Net%20Loss%20and%20Adjusted%20EPS%20Reconciliation) In Q3 FY2025, GAAP net loss of **$16.8 million** or **$(0.92)** per share was adjusted for **$2.9 million** in transition costs, resulting in an Adjusted Net Loss of **$13.9 million** or **$(0.76)** per share Reconciliation of GAAP to Adjusted Net Loss and EPS | Metric | Q3 FY2025 | Q3 FY2024 | | :--- | :--- | :--- | | GAAP Net Loss | $(16,794)K | $(10,295)K | | GAAP Diluted EPS | $(0.92) | $(0.57) | | Transition costs | $2,900K | $— | | **Adjusted Net Loss** | **$(13,894)K** | **$(10,295)K** | | **Adjusted Diluted EPS** | **$(0.76)** | **$(0.57)** | [Net Debt Reconciliation](index=9&type=section&id=Net%20Debt%20Reconciliation) Net debt, calculated as total debt principal less cash, increased to **$123.7 million** as of March 30, 2025, up from **$103.5 million** on June 30, 2024, reflecting higher debt and lower cash Net Debt Calculation (in thousands) | Metric | March 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Debt principal | $140,002 | $130,299 | | Less: cash and cash equivalents | $16,255 | $26,805 | | **Net Debt** | **$123,747** | **$103,494** | - As of March 30, 2025, and June 30, 2024, nearly all of the company's consolidated cash and cash equivalents were held by its foreign operations[34](index=34&type=chunk) Supplementary Information [About UNIFI and REPREVE®](index=3&type=section&id=About%20UNIFI%20and%20REPREVE%C2%AE) UNIFI, Inc. is a global, vertically-integrated manufacturer specializing in fiber science and sustainable synthetic textiles, with its flagship REPREVE® brand transforming over **40 billion** plastic bottles into recycled fiber - UNIFI is a global leader in fiber science and sustainable synthetic textiles with direct operations in the United States, Colombia, El Salvador, and Brazil[12](index=12&type=chunk)[14](index=14&type=chunk) - REPREVE®, its leading brand of traceable recycled fiber, has transformed more than **40 billion** plastic bottles into recycled fiber for use in apparel, home, automotive, and other industries[15](index=15&type=chunk) [Non-GAAP Financial Measures Explanation](index=10&type=section&id=Non-GAAP%20Financial%20Measures%20Explanation) The company explains its use of non-GAAP financial measures like EBITDA and Net Debt, which management believes reflect underlying operations, while cautioning that these measures have limitations and are not substitutes for GAAP results - Management uses non-GAAP measures to assist in comparing operating performance on a consistent basis, for planning purposes, and as a valuation measure[40](index=40&type=chunk)[41](index=41&type=chunk) - A reconciliation of forward-looking non-GAAP guidance is not provided because predicting the timing and likelihood of future events like restructurings or M&A activity cannot be done without unreasonable effort[39](index=39&type=chunk) - The company acknowledges limitations of non-GAAP measures, stating they should not be considered in isolation and that investors should rely primarily on GAAP results[43](index=43&type=chunk)[44](index=44&type=chunk) [Cautionary Statement on Forward-Looking Statements](index=11&type=section&id=Cautionary%20Statement%20on%20Forward-Looking%20Statements) This statement warns that the report includes forward-looking statements, which are not guarantees of future performance and are subject to numerous risks and uncertainties, including industry competition, trade policies, and economic conditions - Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from expectations[46](index=46&type=chunk) - Key risk factors include the competitive nature of the textile industry, changes in trade regulations, raw material pricing, economic conditions, consumer spending shifts, and the financial condition of customers[47](index=47&type=chunk) - The company does not undertake any obligation to update forward-looking statements to reflect future events or circumstances[48](index=48&type=chunk)

Unifi (UFI) - Unifi shares increased by 14.7% to close at $5.30, driven by notable trading volume, contrasting with a 7.2% loss over the past four weeks [1] - The consensus EPS estimate for Unifi has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [4] - Unifi is categorized under the Zacks Textile - Products industry, where another company, Albany International, experienced a 0.9% decline in its stock price [4] Albany International (AIN) - Albany International's consensus EPS estimate for the upcoming report is $0.59, reflecting a significant year-over-year decrease of 34.4% [5] - Albany International currently holds a Zacks Rank of 4 (Sell), indicating a less favorable outlook compared to Unifi [5]

Core Viewpoint - The article discusses the performance of Unifi (NYSE: UFI), a manufacturer of polyester and nylon yarns, suggesting that the company may have experienced the worst of a significant downcycle due to apparel companies managing their inventories more carefully [1]. Company Summary - Unifi is involved in the production of polyester and nylon yarns, which are essential materials in the apparel industry [1]. - The company has faced challenges due to a downcycle in the market, primarily driven by apparel companies' inventory management strategies [1]. Industry Summary - The apparel industry is currently undergoing a period of careful inventory management, impacting suppliers like Unifi [1]. - The downcycle in the industry has been described as brutal, indicating significant pressures on manufacturers [1].

(Amounts and dollars in millions, unless otherwise noted) Exhibit 99.2 Cautionary Statements Forward-Looking Statements Certain statements included herein contain "forward-looking statements" within the meaning of federal securities laws about the financial condition and results of operations of the Company that are based on management's beliefs, assumptions, and expectations about our future economic performance, considering the information currently available to management. An example of such forward-look ...