Financial Data and Key Metrics Changes - Consolidated net sales for Q4 2024 were $157.5 million, representing a 4% year-over-year increase and a 6% sequential increase compared to Q3 2024 [7][16] - EBITDA for the quarter was $5.9 million, significantly better than the previous three quarters, attributed to cost reductions implemented in Q2 and Q3 [3][16] - Gross profit improved by more than 100% sequentially, marking the third consecutive quarter of gross profit improvement [16] Business Line Data and Key Metrics Changes - In the Americas segment, net sales were flat sequentially and down 4% year-over-year, but gross profit improved due to enhanced productivity [17] - The Brazil segment experienced net sales growth of 9% sequentially and nearly 19% year-over-year, driven by pricing power and full utilization [18] - The Asia segment saw net sales growth of 21% sequentially and over 17% year-over-year, indicating recovery and improved market conditions [18] Market Data and Key Metrics Changes - Retail sales for apparel and furnishings in the first half of the year grew at low single-digits, with inflation-adjusted sales likely flat to slightly down compared to the previous year [2] - The company is gaining market share in North America despite sluggish sales recovery in the broader textile and apparel industry [4] Company Strategy and Development Direction - The company is focusing on innovation and has introduced new products aimed at sustainability, including the Textile Takeback program and new insulation products [5][12] - The strategy includes expanding beyond apparel categories, such as home, military, automotive, and industrial applications, to improve margins [4][23] - The company aims to maintain cost discipline while preparing for a gradual recovery in customer demand and inventory replenishment [6][22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the first half of 2025, expecting gradual improvement compared to the previous year, with a more dramatic recovery anticipated in the second half [5][20] - The company expects net sales for Q1 2025 to be between $147 million and $153 million, indicating approximately 10% year-over-year growth [21] - Management highlighted the importance of sustainable solutions and the potential impact of upcoming EU legislation on recycled content requirements [30] Other Important Information - The company has budgeted capital expenditures for fiscal 2025 to range from $10 million to $12 million, focusing on maintenance levels [22] - The REPREVE segment represented 34% of sales during the quarter, showing a meaningful increase compared to the previous quarter [10] Q&A Session Summary Question: Confidence in sustaining improvement in Brazil - Management expressed confidence in demand signals from Brazil, expecting to operate at full capacity throughout the fiscal year despite potential margin pressure from rising raw material costs [26] Question: Raw material costs across regions - Raw material costs have been predominantly flat in regions outside Brazil, where costs have risen due to supply chain issues [27][28] Question: Customer expectations for improved results - Customers in the Americas anticipate a slower Q1 but expect an uptick in demand by October, with positive signals from Central America [29] Question: Impact of new product offerings - Management is excited about new products like the white dyeable filament yarn and ThermaLoop, which are expected to meet customer demand for sustainability and circularity [30] Question: Beyond apparel initiative traction - Management confirmed traction in the beyond apparel initiatives, with expectations to outline revenue impacts in the next call [32]

| --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------|--------------| | | | Exhibit 99.2 | | | | | | | Conference Call Presentation (Amounts and dollars in millions, unless otherwise noted) Fourth Quarter and Fiscal Year Ended | | | | | | Cautionary Statements Forward-Looking Statements Certain statements included herein contain "forward-looking statements" within the meaning of federal securities laws about ...

Unifi (NYSE:UFI) just reported results for the fourth quarter of 2024. Unifi reported earnings per share of -22 cents. This was below the analyst estimate for EPS of -21 cents. The company reported revenue of $157.45 million. This was 2.81% worse than the analyst estimate for revenue of $162.00 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and reve ...

Unifi (UFI) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this polyester and nylon yarn maker would post a loss of $0.45 per share when it actually produced a loss of $0.57, delivering a surprise of -26.67%. Over the last four quarters, the compan ...

Exhibit 99.1 UNIFI®, Makers of REPREVE®, Announces Fourth Quarter and Fiscal 2024 Results Sales and profitability trends accelerated momentum through the second half of the fiscal year, as customer engagement and innovation focus has prepared Company to pivot to growth moving forward Outlook for fiscal 2025 includes double-digit revenue growth and significantly enhanced margins and profitability GREENSBORO, N.C., August 21, 2024 – Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, "UNIFI" ...

Xesai/E+ via Getty Images There's been little to celebrate at Unifi (NYSE:UFI) since my last update on this U.S.-based polyester yarn company. Retail spending has remained lackluster and while retailers are done with their large inventory restructurings, they've been cautious as a group when it comes to restocking/reordering. Couple that with ongoing volume growth from Asian producers, and it's a tough set up for Unifi that has led to ongoing weakness in revenue and margins. Unifi's shares have dropped anot ...

Financial Data and Key Metrics Changes - For Q3 fiscal 2024, consolidated net sales were $149 million, up approximately 9% compared to Q2 fiscal 2024, driven by market improvements and market share gains [27][33] - EBITDA improved by $5 million compared to Q2 fiscal 2024, indicating a positive trend in profitability [25] - The company expects to reduce expenses by approximately $2.5 million per quarter starting in fiscal 2025 [12][27] Business Line Data and Key Metrics Changes - In the Americas segment, net sales improved by 13% sequentially, attributed to higher sales volumes and market share gains [13][28] - The Brazil segment saw an increase in market share from 12% to 18% over recent quarters, despite competitive pricing pressures [28] - REPREVE products represented 31% of sales, a 6% decrease from Q2, but sales increased by $1.1 million sequentially [29] Market Data and Key Metrics Changes - The company is experiencing a recovery in Asia, although results were impacted by the Chinese New Year [8][14] - The Americas and Brazil segments are showing improved customer morale and increased engagement, particularly in non-apparel sectors [41][54] Company Strategy and Development Direction - The company is focused on a sales transformation initiative aimed at improving efficiencies and inventory management, with expectations of a $6 million annual improvement in gross profit [7][12] - Sustainability efforts are highlighted, including ambitious recycling targets and the launch of the REPREVE Champions of Sustainability Awards [9][10][30] - The management team is optimistic about growth opportunities and plans to reinvest cost savings into revenue-enhancing areas [12][16] Management's Comments on Operating Environment and Future Outlook - Management is cautiously optimistic about moving out of the inventory destocking period, expecting improved demand in the apparel industry [6][16] - The company anticipates net sales for Q4 fiscal 2024 to be between $160 million and $165 million, indicating continued growth [36] - Management acknowledges conservative ordering from customers due to cash management concerns but sees positive signs of recovery [54] Other Important Information - The company has implemented a Profitability Improvement Plan that is progressing as anticipated, focusing on maintaining low variable operating expenses [12][27] - The company is actively managing working capital and has seen improvements in free cash flow [35] Q&A Session Summary Question: Impact of Chinese New Year on Asia sales - Management noted that while there was a sequential decline due to the Chinese New Year, year-over-year comparisons showed improvement [38][39] Question: Details on pricing and volumes in each region - Management indicated that pricing strategies are slightly upward and volumes are increasing across all regions, contributing to revenue growth [45] Question: Future CapEx plans - Management expects to maintain capital expenditures at modest levels, focusing on maintenance and inventory turns [48][49]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 (Exact name of registrant as specified in its charter) New York 11-2165495 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 7201 West Friendly Avenue Greensboro, North Carolina 27410 (Address of principal executive offices) (Zip Cod ...

Exhibit 99.1 UNIFI®, Makers of REPREVE®, Announces Third Quarter Fiscal 2024 Results Recently implemented Profitability Improvement Plan enhances financial performance during the third quarter Business remains well positioned for apparel demand recovery GREENSBORO, N.C., May 8, 2024 – Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, "UNIFI"), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the third fiscal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10542 UNIFI, INC. (Exact name of registrant as specified in its charter) New York 11-2165495 (State or other jurisdiction of ( ...