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Unifi Inc   (UFI)
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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 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ALB        0.27% 
DD        2.83% 
DOW   -3.04%    
HON        5.76% 
ITW        3.06% 
MMM        6.75% 
• View Complete Report
   



Business Update

UNIFI Launches Groundbreaking Circular Polyester Products Amidst Challenging Market Conditions

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

UNIFI Inc. Implements Profitability Improvement Plan amidst Shaky Q3 Performance; Announces Leadership Changes.

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...

Unifi Inc

Revised Unifi Inc's Q1 2023 Revenue Shows Dismal -22.478% Decline



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.

Unifi Inc

Unifi Inc Triumphs Over Adversity: Reveals Extraordinary Tale of Survival During February to April 02, 2023

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.

Unifi Inc

Profits Plummet and Warning Signs Emerge in the Apparel, Footwear & Accessories Sector

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.







Unifi Inc's Segments
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





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