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Stock impact report

Unifi Announces First Quarter Fiscal 2019 Results

Unifi, Inc. New (UFI) 
Last unifi, inc. new earnings: 4/30 05:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.unifi.com/investor-overview
Company Research Source: PR Newswire
GREENSBORO, N.C., Oct. 30, 2018 /PRNewswire/ -- Unifi, Inc. (NYSE: UFI), one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the first quarter ended September 30, 2018. First Quarter Fiscal 2019 HighlightsNet sales increased $17.4 million, or 10.6%, to $181.6 million, compared to $164.2 million for the first quarter of fiscal 2018, and increased $24.0 million, or 14.6%, when excluding the impact of foreign currency translation. Revenues from premium value-added ("PVA") products grew 10.1% compared to the first quarter of fiscal 2018, or 14.4% when excluding the impact of foreign currency translation, and represented approximately 43% of consolidated net sales. Gross margin was 11.0%, compared to 14.2% for the first quarter of fiscal 2018, impacted by higher costs, including raw materials, and a less favorable sales mix. Operating income was $5.7 million, compared to $10.2 million for the first quarter of fiscal 2018, impacted by Show less Read more
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