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Stock impact report

UNIFI®, Makers of REPREVE®, Announces Third Quarter Fiscal 2024 Results [Yahoo! Finance]

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: Yahoo! Finance
GREENSBORO, N.C., May 08, 2024 BUSINESS WIRE )--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, "UNIFI"), makers of REPREVE and one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the third fiscal quarter ended March 31, 2024. Third Quarter Fiscal 2024 Overview Net sales were $149.0 million, an increase of 9% from the second quarter of fiscal 2024, driven by higher sales volumes. Revenues from REPREVE Fiber products were $46.8 million and represented 31% of net sales. Gross profit was $4.8 million and gross margin was 3.2%, representing a sequential-quarter improvement through existing cost-saving initiatives and increased productivity. Net loss was $10.3 million, or $0.57 per share, compared to a net loss of $19.8 million, or $1.10 per share, for the previous quarter. Adjusted EBITDA* was ($0.8) million, compared to ($5.5) million for the previous quarter; and Adjusted Net Loss* was $10.3 milli Show less Read more
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