Financial Performance - Net sales for Q2 Fiscal 2025 were $138.9 million, a 1.4% increase from $136.9 million in Q2 Fiscal 2024, driven by higher sales volumes[4] - Revenues from REPREVE Fiber products were $43.3 million, representing 31% of net sales, down from $45.7 million or 33% in Q2 Fiscal 2024[4] - Gross profit decreased to $0.5 million with a gross margin of 0.4%, compared to $1.6 million and 1.2% in Q2 Fiscal 2024[4] - The net loss was $11.4 million, or $0.62 per share, an improvement from a net loss of $19.8 million, or $1.10 per share, in Q2 Fiscal 2024[4] - Adjusted EBITDA was $(5.8) million, slightly worse than $(5.5) million in Q2 Fiscal 2024[4] - Consolidated net sales for the three months ended December 29, 2024, were $138.88 million, an increase from $136.92 million for the same period in 2023, representing a growth of 1.4%[25] - The Americas segment reported net sales of $83.10 million for the three months ended December 29, 2024, compared to $80.55 million in the prior year, reflecting a growth of 3.1%[25] - Consolidated gross profit for the three months ended December 29, 2024, was $534,000, a significant decrease from $1.64 million in the same period of 2023[25] - The net loss for the three months ended December 29, 2024, was $11.39 million, compared to a net loss of $19.85 million for the same period in 2023, showing an improvement of 42.5%[28] - Adjusted EBITDA for the three months ended December 29, 2024, was a loss of $5.84 million, compared to a loss of $5.53 million in the same period of 2023[28] Future Outlook - The company expects net sales for Fiscal 2025 to be approximately equal to Fiscal 2024, with sequential improvement in the second half[9] - The outlook for Fiscal 2025 includes expectations for increased gross profit and gross margin, despite potential transition costs[16] - The Americas Segment is expected to drive sequential improvement in net sales and Adjusted EBITDA from Q2 Fiscal 2025[10] Operational Changes - The company is consolidating its U.S. manufacturing footprint to enhance operational efficiency and profitability[3] - Capital expenditures are projected to be between $5.0 million and $6.0 million for the transition of production out of one North Carolina facility[10] Debt and Financial Metrics - Net Debt as of December 29, 2024, was $116.53 million, an increase from $103.49 million as of June 30, 2024[33] - The company recorded a gain of $4.30 million related to the sale of a warehouse in Yadkinville, North Carolina, during the second quarter of fiscal 2025[29] - The weighted average common shares outstanding for the three months ended December 29, 2024, were 18.29 million, compared to 18.11 million for the same period in 2023[31] Adjusted Financial Metrics - Adjusted EBITDA is calculated to exclude certain adjustments necessary to understand and compare the underlying results of UNIFI[45] - Adjusted Net (Loss) Income excludes certain amounts to reflect ongoing operations and performance of UNIFI[45] - Adjusted EPS is derived from Adjusted Net (Loss) Income divided by UNIFI's weighted average common shares outstanding[45] Risks and Forward-Looking Statements - Forward-looking statements include guidance pertaining to financial outlook and involve risks and uncertainties that may cause actual results to differ materially[46] - Factors affecting financial performance include global competition, changes in trade regulations, and consumer preferences[47] - The company does not undertake any obligation to update forward-looking statements after the date they are made[48] - Risks and uncertainties are detailed in UNIFI's most recent Annual Report on Form 10-K[48] - New factors may emerge that are difficult to predict and may materially affect actual results[48]

Unifi (UFI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move ...

Sales Performance - Consolidated net sales increased by $8,528K (6.1%) compared to the prior period, driven by improved sales volumes in all reportable segments and favorable pricing in Brazil[74] - REPREVE® Fiber products accounted for 30% ($44,742K) of consolidated net sales in the current period, down from 31% ($42,461K) in the prior period[76] - Sales volumes increased by 7.7% compared to the prior period, although volumes remain depressed in the Americas and Asia segments due to weak global demand[74] - Weighted average sales prices decreased by 1.6%, primarily due to sales mix, lower average selling prices in Asia and the Americas, and unfavorable BRL to USD exchange rates[75] - Americas Segment net sales increased by 5.8% to $86,283, driven by higher sales volumes but offset by a lower-priced sales mix[83] - Brazil Segment net sales grew by 14.7% to $34,310, driven by higher average selling prices and increased sales volumes[85][86] - Asia Segment net sales decreased by 2.1% to $26,779, impacted by changes in sales mix despite higher sales volumes and favorable currency effects[88] Profitability - Gross profit improved to $9,458K from a gross loss of $(575)K in the prior period, primarily due to increased sales volumes, cost-saving initiatives, and higher conversion margins[77] - Net loss decreased by 42.5% to $(7,632)K in the current period from $(13,270)K in the prior period, with a significant improvement in operating loss from $(12,029)K to $(3,216)K[71] - EBITDA improved to $3,299K in the current period from $(4,841)K in the prior period, reflecting better operational performance[72] - The Americas Segment gross loss improved by 81.3%, from $7,380 to $1,378, due to better variable cost management[83] - Brazil Segment Profit surged by 188.6% to $8,678, primarily due to higher conversion margins and increased sales volumes[85][87] - Asia Segment Profit declined by 37.1% to $2,916, mainly due to a lower gross margin rate from changes in sales mix[88][89] Financial Position and Liquidity - Cash used by operations for the current three-month period was $12,834, and availability under the ABL Revolver was $38,645 as of September 29, 2024[91] - UNIFI's total debt obligations as of September 29, 2024, were $131,691, with $119,324 in long-term debt and $12,153 in the current portion of long-term debt[100] - Net Debt increased to $117,988 as of September 29, 2024, from $103,494 on June 30, 2024, primarily due to increased inventories and capital expenditures[100] - Adjusted Working Capital increased by $15,305 to $175,985 as of September 29, 2024, driven by an increase in inventories[101] - UNIFI's cash and cash equivalents totaled $13,703 as of September 29, 2024, with $13,224 held by foreign subsidiaries[93] - UNIFI entered into a new $25,000 revolving credit facility (2024 Facility) with Wells Fargo Bank, National Association, bearing interest at SOFR plus 0.90%[97] - UNIFI's liquidity position as of September 29, 2024, was $52,348, with $39,124 from domestic operations and $13,224 from foreign operations[93] - UNIFI's sensitivity analysis indicates that a 50-basis point interest rate increase would result in an additional annual interest expense of approximately $700[112] - Foreign subsidiaries held 91.3% of UNIFI's total cash and cash equivalents outside the U.S., with $12,514 denominated in various foreign currencies[114] Expenses and Costs - SG&A expenses remained stable with no significant changes from the prior period[78] - Foreign currency transaction losses were $489 in the current period, compared to gains of $33 in the prior period[79] - Net interest expense increased due to lower global cash balances and reduced interest income[79] - Effective tax rate decreased to -39.9% in the current period from 3.4% in the prior period, primarily due to adjustments in deferred tax asset valuation allowances[80][81] Capital Expenditures - UNIFI's capital expenditures for the period included $2,018, primarily for machinery and equipment, expected to benefit future profitability[104] Exchange Rates - Weighted average exchange rates for BRL to USD were 5.55 in the current period compared to 4.89 in the prior period, and RMB to USD were 7.17 compared to 7.25[58]

Exhibit 99.2 L # 2 # 2 # 2 # 1 # | --- | --- | --- | --- | |-----------------------------------------------------------------|-------|-------|-------| | | | | | | UNIFI, INC. | | | | | First Quarter Fiscal 2025 | | | | | Earnings Conference Call September 29, 2024 (Unaudited results) | | | | (Amounts and dollars in millions, unless otherwise noted) Cautionary Statements Forward-Looking Statements Certain statements included herein contain "forward-looking statements" within the meaning of federal securities ...

Unifi (UFI) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.73 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -68%. A quarter ago, it was expected that this polyester and nylon yarn maker would post a loss of $0.23 per share when it actually produced a loss of $0.22, delivering a surprise of 4.35%. Over the last four quarters, the company h ...

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 ...

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 ...