Business Summary: UNIFI, Inc. specializes in fiber science and sustainable synthetic textiles. The Company, using recycling technology, is a pioneer in scaling the transformation of post-industrial and post-consumer waste into sustainable products. REPREVE, its brand of recycled performance fiber and resin. Its segments include Americas Segment, Brazil Segment and Asia Segment. It manufactures and sells recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets. Its products include filament yarn, spun yarn, staple fiber, resin, and rPET Flake. Its performance technology includes anti-odor, color, comfort, moisture, protection, stretch, sustainable and temperature. The Company has direct manufacturing operations in four countries and participates in a joint venture operating in the United States.
Financial Summary: BRIEF: For the 26 weeks ended 29 December 2024, Unifi Inc revenues increased 4% to $286.3M. Net loss decreased 43% to $19M. Revenues reflect Americas segment increase of 4% to $169.4M, Brazil segment increase of 10% to $61.8M. Lower net loss reflects Brazil segment income increase of 89% to $13.1M, Americas segment income totaling $2.8M vs. loss of $3.1M. Basic Earnings per Share excluding Extraordinary Items increased from -$1.83 to -$1.04.