Financial Performance - Q1 Fiscal 2026 - Revenue was $135.7 million, a decrease of 7.9% compared to Q1 Fiscal 2025[14, 31] - Adjusted EPS was $(0.56), a decrease of 33% compared to Q1 Fiscal 2025[14] - Adjusted EBITDA was $(2.5) million, a decrease of 177% compared to Q1 Fiscal 2025[14] - REPREVE® Fiber sales accounted for 29% of net sales, a decrease of 100 bps compared to Q1 Fiscal 2025[14] - Gross profit was $3.4 million, a decrease of 64.2% compared to Q1 Fiscal 2025[31] - Gross margin was 2.5%, a decrease of 390 bps compared to Q1 Fiscal 2025[31] Segment Performance - Q1 Fiscal 2026 - Americas net sales were $85.2 million, a decrease of 1.3% year-over-year, with a gross loss of $(1.7) million[35] - Brazil net sales were $28.8 million, a decrease of 16.2% year-over-year, with a gross profit of $2.7 million[39] - Asia net sales were $21.7 million, a decrease of 18.9% year-over-year, with a gross profit of $2.4 million[43] Strategic Outlook - The company expects improved free cash flow through the remainder of fiscal 2026 due to cost actions and working capital reductions[47] - The company anticipates revenue improvement in calendar 2026, supported by a clearer global trade situation[51]

Financial Performance - Q4 Fiscal 2025 - Consolidated revenue decreased to $138.5 million, a 12.0% decrease compared to Q4 Fiscal 2024[15] - Adjusted EPS was ($0.56), a 155% decrease compared to the prior year[15] - Adjusted EBITDA was ($4.1) million, a 169% decrease compared to the prior year[15] - REPREVE® Fiber sales accounted for 30% of net sales, a decrease of 400 bps[15] - Gross loss was ($1.1) million, a 110.5% decrease compared to the prior year, with a gross margin of (0.8)%, a decrease of 770 bps[29] Segment Performance - Q4 Fiscal 2025 - Americas net sales decreased by 6.6% to $85.0 million, with a gross loss of ($5.3) million and a gross margin of (6.3)%[33] - Brazil net sales decreased by 10.6% to $28.8 million, with a gross profit of $1.3 million and a gross margin of 4.6%[36] - Asia net sales decreased by 27.7% to $24.7 million, with a gross profit of $2.9 million and a gross margin of 11.7%[40] Capital Structure and Outlook - The company expects Q1 FY26 net sales and Adjusted EBITDA to improve sequentially from Q4 FY25[48] - Recent asset sale reduced debt principal by $43 million and is expected to drive future annual savings of $3 million for interest and $20 million for manufacturing costs[44]

Financial Performance - Q3 Fiscal 2025 - Consolidated revenue was $146.6 million, a decrease of 1.6% compared to Q3 Fiscal 2024[15] - Adjusted EPS was ($0.76), a decrease of 33.5% compared to Q3 Fiscal 2024[15] - Adjusted EBITDA was ($4.9) million, a decrease of 533% compared to Q3 Fiscal 2024[15] - REPREVE Fiber accounted for 31% of sales, consistent with Q3 Fiscal 2024[15] - Gross loss was ($0.4) million, a decrease of 109.3% compared to Q3 Fiscal 2024[34] Segment Performance - Americas net sales increased by 2.6% to $93.5 million, but experienced a gross loss of ($7.0) million[38] - Brazil net sales decreased by 4.9% to $28.1 million, with a gross profit of $3.0 million[41] - Asia net sales decreased by 12.0% to $24.9 million, with a gross profit of $3.5 million[44] Capital Structure and Outlook - The company anticipates reducing debt by $50 million through a pending asset sale[48] - The asset sale is expected to drive future annual savings of $3 million in interest and $20 million in manufacturing costs[48] - The company expects net sales and Adjusted EBITDA to improve sequentially from Q3 2025, driven by recovery in the Americas segment[52]