Price: $6.0000
$-0.21
-3.382%
|
Day's High:
| $6.2
| Week Perf:
| -6.4 %
|
Day's Low: |
$ 6.00 |
30 Day Perf: |
-13.17 % |
Volume (M): |
64 |
52 Wk High: |
$ 7.91 |
Volume (M$): |
$ 382 |
52 Wk Avg: |
$6.22 |
Open: |
$6.18 |
52 Wk Low: |
$5.41 |
|
|
Market Capitalization (Millions $) |
109 |
Shares
Outstanding (Millions) |
18 |
Employees |
2,900 |
Revenues (TTM) (Millions $) |
590 |
Net Income (TTM) (Millions $) |
-42 |
Cash Flow (TTM) (Millions $) |
-38 |
Capital Exp. (TTM) (Millions $) |
10 |
Unifi Inc
Unifi, Inc., a New York corporation formed in 1969, is a multi-national company
that manufactures and sells innovative synthetic and recycled products made
from polyester and nylon primarily to other yarn manufacturers and knitters
and weavers that produce fabric for the apparel, hosiery, home furnishings,
automotive, industrial and other end-use markets. UNIFI’s polyester products
include plastic bottle flake, polyester polymer beads (“Chip”),
partially oriented yarn (“POY”), and textured, solution and package
dyed, twisted, beamed and draw wound yarns. Each yarn product is available in
virgin or recycled varieties, where the recycled varieties are made from both
pre-consumer and post-consumer waste, including plastic bottles. UNIFI’s
nylon products include textured, solution dyed and spandex covered yarns.
UNIFI maintains one of the textile industry’s most comprehensive yarn
product offerings that include specialized yarns, premium value-added (“PVA”)
yarns and commodity yarns, with principal geographic markets in the Americas
and Asia.
UNIFI has manufacturing operations in four countries and participates in joint
ventures in Israel and the United States, the most significant of which is a
34% non-controlling partnership interest in Parkdale America, LLC (“PAL”),
a significant unconsolidated affiliate that produces cotton and synthetic yarns
for sale to the global textile industry and apparel market. We believe the investment
in PAL provides strategic diversification for UNIFI’s overall business
in response to global textile trends. PAL is a limited liability company treated
as a partnership for income tax reporting purposes.
UNIFI has three reportable segments:
The Polyester Segment sells polyester-based products primarily to other yarn
manufacturers and knitters and weavers that produce yarn and/or fabric for the
apparel, hosiery, home furnishings, automotive, industrial and other end-use
markets. The Polyester Segment consists of sales and manufacturing operations
in the United States and El Salvador.
The Nylon Segment sells nylon-based products to knitters and weavers that produce
fabric primarily for the apparel and hosiery markets. The Nylon Segment consists
of sales and manufacturing operations in the United States and Colombia.
The International Segment sells polyester-based products to knitters and weavers
that produce fabric for the apparel, home furnishings, automotive, industrial
and other end-use markets primarily in South America and Asia. The International
Segment includes a manufacturing location in Brazil and sales offices in Brazil,
China and Sri Lanka.
We believe UNIFI’s successful performance during recent fiscal years
reflects the strength of our global initiative to deliver PVA products and solutions
to customers and brand partners throughout the world. Our supply chain has been
developed and enhanced in multiple regions of the globe, particularly in the
Americas and Asia, allowing us to deliver a diverse range of synthetic fibers
and polymers to key customers in the markets we serve, especially apparel. These
polyester and nylon products are supported by quality assurance, product development
and other customer service teams across UNIFI’s operating subsidiaries.
We have developed this successful operating platform by: improving operational
and business processes; enriching the product mix by growing sales of higher-margin
PVA products; and deriving value from sustainability-based initiatives, including
polyester and nylon recycling.
This platform has provided favorable results and growth in our core operations
during recent fiscal years, and has been augmented by significant capital investments
that support the production and delivery of sustainable and innovative solutions.
In order to achieve further growth, UNIFI is committed to investing in four
strategic and synergistic initiatives:
Commercial expansion;
Technology and innovation;
Strategic partnerships; and
People and teams.
Growth in commercial expansion involves capitalizing on the existing operational
excellence and brand partnerships that underlie UNIFI’s core competencies.
We believe that increasing the awareness for recycled solutions in applications
across fibers and polymers, particularly with performance and aesthetic characteristics,
and furthering sustainability-based initiatives with like-minded brand partners
will be key to our future success. With leading technology for performance yarns
and recycling that satisfies today’s consumers, UNIFI intends to continue
to grow its commercial capabilities across global markets.
Establishing the existing portfolio of technologies and capabilities was a significant
accomplishment, allowing REPREVE® to grow into a premier synthetic fiber.
We believe that further commercial expansion will require a continued stream
of new technology and innovation that generates products with consumer-meaningful
benefits. Along with REPREVE®, the Company has significant yarn technologies
that provide optimal performance characteristics for today’s marketplace,
including moisture management, temperature moderation, and fire retardation.
To achieve further growth, UNIFI plans to invest in expanding technology and
innovation, bringing to market the next wave of fibers and polymers for tomorrow’s
applications.
Growth will also require strategic partnerships. With a changing retail landscape
and a dynamic consumer, brands are demanding fast fashion and localized supply
chains. In order to capitalize on these shifts, we expect to identify, qualify
and execute partnerships that expand our global footprint in strategic regions.
As Central America and Asia remain significant components of the global supply
chain, UNIFI will be diligent in exploring partnerships that advance our existing
growth platform in these regions.
Company Address: 7201 West Friendly Avenue Greensboro 27410 NC
Company Phone Number: 294-4410 Stock Exchange / Ticker: NYSE UFI
|
|
Customers Net Income grew by |
UFI's Customers Net Profit Margin grew to |
9.71 % |
8.97 %
|
|
|
|
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Stock Performances by Major Competitors |
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Business Update
Published Tue, Aug 20 2024 1:47 PM UTC
In a notable stride towards sustainable innovation, UNIFI, Inc. (NYSE: UFI), a leading force in recycled and synthetic yarn manufacturing, has recently unveiled two groundbreaking products as part of its expansive REPREVE portfolio. Renowned for its commitment to environmental responsibility, UNIFI now proudly offers white-dyeable filament yarn and ThermaLoop insulation two ...
|
Business Update
Published Wed, Jan 31 2024 9:00 PM UTC
GREENSBORO, N.C.- UNIFI, Inc., (NYSE: UFI), acclaimed creators of REPREVE and a global frontrunner in the domain of recycled and synthetic yarns, is embarking on a new trajectory. The company announced the initiation of an ambitious Profitability Improvement Plan in a bid to mitigate costs, streamline the firm?s operations, and invest in trailblazing innovation.This strategi...
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Unifi Inc
Unifi Inc. (NYSE: UFI) has recently disclosed its operating results for the first fiscal quarter ended October 1, 2023. Despite facing significant challenges, the company showcased positive operating activities that contributed to an increase in cash flow. However, the financial results also revealed a decline in revenue, an increase in net loss per share, and a notable decrease in inventories and accounts receivable. These facts raise questions about the potential impact on Unifi Inc.'s future performance. Declining Revenue and Increased Net Loss: Over the August to October 2023 period, Unifi Inc. experienced an alarming 22.478% drop in revenue, falling to $138.43 million from $178.56 million compared to the previous year. This decrease has had a significant impact on the company's net loss per share, which rose from $-0.44 to $-0.73. Moreover, Unifi Inc. recorded a net loss of $13.27 million, significantly higher than $7.834 million during the same period in the preceding year.
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Unifi Inc
Weak Business Causes Rise in Losses for Unifi Inc Unifi Inc, a well-known player in the Apparel, Footwear & Accessories sector, recently reported a rise in losses for the fiscal span ending on April 02, 2023. This disappointing news came as the company's net deficit per share increased to $-0.29 from $0.05. In addition, revenue fell by an alarming -22.18% to $156.74 million from $201.41 million the previous year. These numbers highlight the struggles that Unifi Inc has faced in recent months. On the bright side, the rest of the Apparel, Footwear & Accessories sector seemed to fare better, as it recorded a revenue growth in the third quarter of 2023. This is in stark contrast to Unifi Inc's performance, which saw a decline in revenue in the same period. However, it's important to note that Unifi Inc did show some improvement compared to the second quarter of 2023, with revenue increasing by 15.069% from $136.21 million and earnings per share improving from $-1.00 per share.
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Unifi Inc
Unifi Inc: A Dismal Performance Reflecting Weakness in Apparel, Footwear & Accessories Sector Unifi Inc, an Apparel, Footwear & Accessories company, recently reported disappointing financial results for the period ending July 02, 2023. The company's per stock shortfall stood at $-0.83 per share, a significant decline compared to $0.97 per share in the previous year. This represents a staggering decrease in profitability and signals potential challenges ahead for Unifi Inc. The decline in revenue further accentuates the company's poor performance. Unifi Inc witnessed a steep drop of -34.97% in revenue, with figures plummeting from $233.78 million to $152.03 million in the same financial reporting period from the prior year. Even on a sequential basis, the company experienced a decrease of -2.954% from $156.65 million. These numbers indicate a deteriorating financial situation resulting from reduced consumer demand.
|
Per Share |
Current |
Earnings (TTM) |
-2.3 $ |
Revenues (TTM) |
32.45 $
|
Cash Flow (TTM) |
- |
Cash |
0.75 $
|
Book Value |
14.29 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
-2.3 $
|
Revenues (TTM) |
32.45 $ |
Cash Flow (TTM) |
- |
Cash |
0.75 $
|
Book Value |
14.29 $ |
Dividend (TTM) |
0 $ |
|
|
|
Third-Party Manufacturer |
|
99.84 % |
of total Revenue |
Service |
|
0.79 % |
of total Revenue |
REPREVE Fiber |
|
30.55 % |
of total Revenue |
All Other Products and Services |
|
70.07 % |
of total Revenue |
Americas |
|
58.91 % |
of total Revenue |
Brazil |
|
23.43 % |
of total Revenue |
Asia |
|
18.28 % |
of total Revenue |
|
|