Unifi: Bargain Basement Valuation Still Struggling To Convince Investors [Seeking Alpha]
Unifi, Inc. New (UFI)
Last unifi, inc. new earnings: 4/30 05:15 pm
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US:NYSE Investor Relations:
investor.unifi.com/investor-overview
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Source: Seeking Alpha
The company's long-term support failed in 2022, leading to consecutive months of lower lows and a 58% decline in shares. Unifi's Q2-2024 earnings showed improved gross margin and profitability, but significant improvements are needed for sustained growth. Intro We wrote about Unifi , Inc. ( NYSE: UFI ) in July of 2022 when we rated the recycled & synthetic product manufacturer a 'Hold' for several reasons. Despite sporting a keen valuation at the time, the company's margins remained under pressure due to US staffing constraints as well as the elevated cost of goods sold. To combat pressurized margins, companies such as Unifi must turn over as much product as possible (through elevated volumes) so economies of scale can somewhat compensate for higher input costs over time. Nevertheless, Unifi at the time was also being affected on the volume side primarily in the Asian region due to sustained pandemic-related lockdowns. Suffice it to say, given the growth & profitability chall
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UFI
News
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- Wealth Enhancement Group Announces the Addition of Lynch Retirement Investment Group, a Hybrid RIA with Over $502 Million in Client Assets [Yahoo! Finance]Yahoo! Finance
- Owning 48% shares,institutional owners seem interested in Unifi, Inc. (NYSE:UFI), [Yahoo! Finance]Yahoo! Finance
- Global Ocean Bound Plastic (OBP) Market Report 2024: Analysis and Forecast 2018-2030 Featuring SUEZ, Veolia, B&B Plastics, Oceanworks, Jayplas, Unifi, and KW Plastics [Yahoo! Finance]Yahoo! Finance
- Unifi Aviation acquires Prospect Airport Services, consolidating its position as the leading aviation services provider in the United States [Yahoo! Finance]Yahoo! Finance
UFI
Earnings
- 1/31/24 - Miss
UFI
Sec Filings
- 3/20/24 - Form S-8
- 3/11/24 - Form 8-K
- 2/21/24 - Form 8-K
- UFI's page on the SEC website