Unifi(UFI)
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Unifi(UFI) - 2025 Q1 - Earnings Call Presentation
2024-10-31 16:44
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) Reports Q1 Loss, Misses Revenue Estimates
ZACKS· 2024-10-30 23:36
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 ...
UFI Stock Earnings: Unifi Misses EPS, Misses Revenue for Q4 2024
Investor Place· 2024-08-22 00:53
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) Reports Q4 Loss, Tops Revenue Estimates
ZACKS· 2024-08-21 22:25
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 ...
Unifi's Painful Bottoming Out Drags On, But The Worst Appears To Be Over
Seeking Alpha· 2024-07-08 17:24
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 ...
Unifi(UFI) - 2024 Q3 - Earnings Call Transcript
2024-05-12 10:05
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]
Unifi(UFI) - 2024 Q3 - Quarterly Report
2024-05-09 20:03
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 ...
Unifi(UFI) - 2024 Q3 - Quarterly Results
2024-05-08 20:22
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 ...
Unifi(UFI) - 2024 Q2 - Quarterly Report
2024-02-07 21:01
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 ( ...
Unifi(UFI) - 2024 Q2 - Earnings Call Presentation
2024-02-01 18:52
(1) Net Debt is a non-GAAP measure described on Slide 2 and reconciled within the Earnings Release dated January 31, 2024. • Scrutinizing working capital expenditures to reduce interest expense and improve cash flows • Increasing customer engagement in all business segments to increase global market share | --- | --- | --- | |------------------------|-------------------------------------------------------------|----------------------| | Key Financial Metrics | Q2 FY24 Results | Q3 FY24 Outlook | | Net Sales ...