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Unifi Inc  (UFI)
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    Sector  Basic Materials    Industry Chemicals - Plastics & Rubber
 
 

EARNINGS REPORT by CSIMarket

Earnings helped by tax benefit


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A $5 million tax benefit, helped Unifi Inc to post $0.63 eps in the second quarter 2017



Sales for the second quarter 2017 increased by 7.94 % to $167 millions in comparison to $155 millions on a year-over-year basis, company posted earnings growth of 152 % to $0.63, as comparison at $0.25 in the prior year quarter.

In contrast to the first quarter 2017 Sales increased by 1.97 % from $164 millions and earnings grew by 31.25 % from $0.48 per share.

Net income of $12 millions in the second quarter 2017 increased by 171.06 % from net earnings of $4 millions reported in the second quarter 2017 a year ago. Although operating margin fell to 4.64%, in the second quarter 2017, the company's net margin actually improved to 7.05%.

The company's bottom-line growth was helped by $5 million tax benefit, without it, the second quarter 2017 results would be much more moderate.
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Unifi Inc reported first quarter 2017 earnings

Unifi Inc reported forth quarter 2017 earnings

Unifi Inc reported third quarter 2017 earnings

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