UFI

Performance beat in Q3 was primarily driven by the completion of the Madison plant closure and significant improvements in manufacturing efficiencies. Management optimized the product portfolio by aggressively pruning SKUs that contributed no profitability, focusing resources on high-margin categories. The company maintained investment in product innovation despite broader cost-cutting, viewing textile-to-textile recycling and 'Beyond Apparel' as essential future revenue drivers. Americas segment achieved positive gross profit for the first time in several periods, validating the footprint consolidation and leaner domestic manufacturing base. Brazil's record sales volume in March was attributed to favorable cost and price dynamics where local production gained an edge over imported products. Operational resilience was bolstered by structural changes to customer contracts, allowing for faster commercial decision-making and more proactive market responses. Q4 outlook assumes a moderate increase in working capital, estimated between 4 million and 7 million dollars, to support rising sales and higher-cost raw material inventory. Management expects a 2 million dollar revenue uplift in Q4 specifically from 'Beyond Apparel' initiatives, including military, tactical, and packaging sectors. Pricing strategy has shifted from index-based to order-to-order to allow for faster recovery of volatile petrochemical-related raw material increases. Long-term margin targets for the Americas aim to return to historical levels of approximately 10 years ago, contingent on volume recovery in Central America. Asia segment growth in Q4 is expected to be driven by seasonal demand for circular insulation products and increased adoption of branded yarn technologies. Geopolitical tensions and tariff complexities remain significant headwinds, particularly impacting demand and sourcing decisions in Central America. The company set a new sustainability target to recycle 65 billion plastic bottles by 2030, positioning itself as a key partner for brands' ESG goals. Capital expenditures were reduced by 50% year-over-year to 3.9 million dollars year-to-date, reflecting a disciplined approach to cash preservation. Management noted that while 'near-shoring' to Central America is a clear long-term trend, current customer sourcing remains hesitant due to shifting trade regulations. Our analysts jus...

GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Unifi Inc. (UFI) on Tuesday reported a loss of $2.3 million in its fiscal third quarter. The Greensboro, North Carolina-based company said it had a loss of 12 cents per share. Losses, adjusted for non-recurring gains, were 20 cents per share. The polyester and nylon yarn maker posted revenue of $130 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UFI at https://www.zacks.com/ap/UFI

Significant profitability improvement and cash flow generation provide operating momentum and balance sheet strength GREENSBORO, N.C., May 05, 2026--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI), the 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 29, 2026. Third Quarter Fiscal 2026 Highlights Cash provided by operating activities was $8.0 million during the third quarter of fiscal 2026 and $24.4 million during the nine months ended March 29, 2026. Debt principal was $94.9 million and Net Debt* was $68.4 million at March 29, 2026. SG&A expenses were $11.2 million, a decrease of 9.0% from the third quarter of fiscal 2025, primarily driven by cost reduction efforts. Net sales were $130.0 million, a decrease of 11.3% from the third quarter of fiscal 2025, but an increase of 7.1% sequentially. Revenues from REPREVE Fiber products were $38.2 million and represented 29% of net sales, compared to $34.3 million or 28% of net sales for the second quarter of fiscal 2026. Gross profit was $9.1 million and gross margin was 7.0%, compared to gross loss of $0.4 million and gross margin of (0.3)% for the third quarter of fiscal 2025. Net loss was $2.3 million, or $0.12 per share, which includes $1.8 million in gain on foreign currency transaction, compared to a net loss of $16.8 million, or $0.92 per share, for the third quarter of fiscal 2025. Adjusted Net Loss* was $3.8 million, which excludes $1.5 million in net gain on foreign currency transaction, compared to Adjusted Net Loss of $13.9 million for the prior year period, which excluded $2.9 million of manufacturing footprint reduction costs. Adjusted EBITDA* was $4.0 million, compared to $(4.9) million for the third quarter of fiscal 2025. Published "Sustainability Snapshot" and related goals that highlights significant progress in textile-to-textile recycling. Announced the launch of Luxel™, a linen-inspired, easy-care performance yarn. Eddie Ingle, Chief Executive Officer of Unifi, Inc., stated, "We are pleased to report that the impact of our team’s hard work is beginning to translate into improved financial performance, highlighted by improved gross profit and debt reduction. These results were driven by the actions we have taken over the past several quarters to realign our cost structure and optimize...

Image source: The Motley Fool. Wednesday, May 6, 2026 at 9 a.m. ET Executive Chairman — Albert P. Carey Chief Executive Officer — Edmund M. Ingle Chief Financial Officer — Andrew J. Eaker Need a quote from a Motley Fool analyst? Email [email protected] Albert P. Carey: Thank you. Good morning, everyone, and thanks for joining our call. We are pleased to report that our yearlong effort to reduce our cost base and improve cash generation is providing results. As a matter of fact, we are a bit ahead of expectations for Q3. Andrew is going to take you through the full story in a few minutes, but here are the three top headlines. The Madison plant closure is complete. Number two, the much improved efficiencies in our current plant. And three, we have optimized our product lines and SKUs so that we do not have products that contribute no profitability to our lineup. These actions set us up for improved profitability, especially as revenue begins to pick up and we are able to see higher levels of capacity utilization. There was one area that did not see a reduction in cost over the last 12 months, and that was the work that we are doing on product innovation. These products will provide revenue growth for the future, so they are very important. We have begun to get traction with our customers on these products, and that will move us into a very important priority right now, which is to begin to commercialize these innovations. The innovations are, first, textile-to-textile recycling, second, products for categories that are outside of apparel and provide higher profitability, and third, products with performance benefits that customers and consumers are looking for. Now Edmund is going to take you through the full story on that in just a minute. The textile industry still has plenty of headwinds, especially as our customers navigate around the tariff complexities and the oil prices. We believe those headwinds will diminish and our profits will improve even in the current environment that we are in right now. I would like to say one last thing and turn it over to Edmund. We are very proud of our team, the executives, the managers, and the front employees as well. Over the last 12 to 15 months, it has been a rough road. But the team has worked through the challenges collaboratively. There really is a special resiliency about the people from Unifi, Inc., and their loyalty h...

Albany International (AIN) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +9.09%. A quarter ago, it was expected that this textile and composite maker would post earnings of $0.64 per share when it actually produced earnings of $0.65, delivering a surprise of +1.56%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Albany International, which belongs to the Zacks Textile - Products industry, posted revenues of $311.33 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 10.30%. This compares to year-ago revenues of $288.77 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Albany International shares have added about 14.4% since the beginning of the year versus the S&P 500's gain of 4.2%. While Albany International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Albany International was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You c...

GREENSBORO, N.C., April 28, 2026--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI), (together with its consolidated subsidiaries, "UNIFI"), the makers of REPREVE® and one of the world’s leading innovators in recycled and synthetic yarns, will host a conference call at 9:00 a.m., Eastern Time, on Wednesday, May 6, 2026, to discuss its third quarter fiscal 2026 financial results. The third quarter fiscal 2026 financial results and supporting materials will be available after the close of market trading on Tuesday, May 5, 2026, on the Company’s website at http://investor.unifi.com. The conference call can be accessed approximately 10 minutes prior to the beginning of the call by dialing (888) 596-4144 (Domestic) or (646) 968-2525 (International) and, when prompted, providing conference ID number 6313345. There will also be a live audio webcast of the call, which can be accessed on the Company’s website at http://investor.unifi.com. A replay of the conference call will be available approximately two hours following the call through Wednesday, May 13, 2026, and can be accessed via the Company’s website at http://investor.unifi.com. In addition, presentation slides will be available on the Company’s website for 12 months following the call. About UNIFI, Inc. UNIFI, Inc. (NYSE: UFI) is a global leader in fiber science and sustainable synthetic textiles. Using proprietary recycling technology, UNIFI is a pioneer in scaling the transformation of post-industrial and post-consumer waste into sustainable products. Through REPREVE, the world’s leading brand of traceable, recycled fiber and resin, UNIFI is changing the way industries think about the materials they use – and reuse. A vertically-integrated manufacturer, the company has direct operations in the United States, Colombia, El Salvador, and Brazil, and sales offices all over the world. UNIFI envisions a future where circular and sustainable solutions are the only choice. For more information about UNIFI, visit www.UNIFI.com. About REPREVE® Made by UNIFI, Inc. (NYSE: UFI), REPREVE® is the global leader in recycled performance fibers and resins. Using proprietary recycling technology, REPREVE leverages multiple waste sources, including single-use plastic bottles, ocean-bound plastic, textile waste, and recycled yarn. REPREVE has transformed more than 46 billion plastic bottles and 1 billion T-shirts’ worth of textile waste...

Image source: The Motley Fool. Thursday, October 31, 2024 at 9 a.m. ET Executive Chairman — Al Carey Chief Executive Officer — Eddie Ingle Chief Financial Officer — A.J. Eaker Al Carey: Thank you, and thank you, everyone, for joining our call today. Those of you who have followed our quarterly earnings over the last two years know that the macroeconomic headwinds have been stubborn, not just for us but for our entire industry. And until recently, high levels of apparel inventory have been quite a problem and then slow consumer sales have held down our revenues and our profits. Now that has continued in Q1 and even very recently, but we believe that trend is now improving when we begin our new calendar year of 2025. We're finally seeing some green shoots in the form of customer orders and in interest for our new innovation. And while it's not all the way back to what we want to see yet, we are going to see substantial improvements for half two of our fiscal year or the first half of the calendar year. So Q1 revenues, that you'll hear more about in the next few minutes were about as expected. They were up 6% over a year ago. And our EBITDA was also about as expected at $3.3 million, and it's significantly over last year, as last year was a very depressed level. So you can expect half two will step up in both revenues and in EBITDA well above the first half of this fiscal year. Now the improved outlook is coming from four areas. The first one is the REPREVE innovation. It's being enthusiastically received by customers around the world, especially Textile Takeback on our product called ThermaLoop. These products will begin to show up in our sales initially in Q4. The second area that's given us some reason for optimism is we've got traction in our Beyond Apparel business segment, especially in home and carpet segment and military and packaging. This has taken a little longer than expected, because the approval processes for new businesses like this are quite extreme, but we now have traction and we're seeing orders come in. The third area is our Brazil business has momentum, and we made an investment in Brazil some time ago on EvoCooler's, and it's given us the capacity that was needed so that we could gain market share. So that continues. And the fourth and the final area I'd say we're optimistic about is cost reductions for North America. And we believe there'...

Image source: The Motley Fool. Wednesday, November 5, 2025 at 8:30 a.m. ET Executive Chairman — Albert Carey President & Chief Executive Officer — Edmund Ingle Chief Financial Officer & Vice President — A.J. Eaker Albert Carey: Thank you. Good morning, everybody, and thank you for joining us today. Listen, I'll get started with a few comments. And to start out, I'd say our UNIFI business had a challenging quarter. However, I'd like to spend a few minutes to explain what unusual obstacles occurred in quarter 1. I think it would be helpful for those of you that follow our company to understand that this quarter had 2 primary challenges. One is beyond our control and one is within our control, but it's temporary. So let's start out with the first item, which is what is beyond our control. Most of you have probably read about this in our industry, the majority of our customers placed orders for goods that will get them through the holiday season, but they ordered them just before the tariffs went into effect in April. Then since April, orders have been extremely light and only for goods that are absolutely necessary, and this seems to be consistent across our industry, not just a UNIFI issue. This has had a significant impact on our sales revenues, particularly in Asia and also in Central America, and it's going to affect sales probably for another 8 weeks. So it will take us through our quarter 2. This is as best as we can determine. But most of our customers, retailers and brands have communicated to us that they expect to return to some level of normal ordering in January. And if not, we have a plan to deal with that. One positive development that we are keeping an eye on is that the sales growth of apparel remains solid at a plus 5% versus a year ago and inventory is declining pretty significantly. So ordering should follow. So that's topic one. Topic two, what is within our control. I think I mentioned this on the last call. We closed our Madison facility in June. We moved out of that volume. We took it from Madison to Yadkinville, our bigger facility, which added 40% to their capacity. The transition required us to hire many people, train them, moving equipment and incenting employees to stay working in Madison until we shut down so that we didn't miss out on business and kept our service up with our customers. We've had increased costs because of these tr...

Image source: The Motley Fool. Wednesday, Feb. 4, 2026 at 8:30 a.m. ET Executive Chairman — Albert Carey Chief Executive Officer — Edmund Ingle Chief Financial Officer — A.J. Eaker Albert Carey: Thank you. Well, good morning, everyone, and thanks for joining our call this morning. I'm happy to report that we're beginning to see results in our business that are coming from a major effort that began one year ago, which is essentially resetting our cost base in North America business. The closing of the Madison facility and the reduction of costs across the board have created clear operating improvements that are going to allow us to make healthy profits on a much smaller sales level. Now a couple of highlights, and A.J. will go into more details on these later on. We're pleased to see improved profit margins improved free cash flow. We have dramatically improved our inventory turns and it's probably the best we've seen in recent history. We have 25% fewer people in North America, and our plant efficiencies have come way up from the summertime now that all the changes are behind us in our Yadkinville facility and also the closing of the Madison facility. A.J. will take you through the details of these business results in a moment. But we finally have actions behind us now after a year of hard work and some difficult decisions. So that was a necessary step one for us to build our profitable business back here at Unifi. Now step two is building a strong revenue growth, and it's clear from the results of Q1 and Q2, those revenue levels need to improve dramatically. But don't forget, Q1 and Q2 of this fiscal year were largely impacted by the tariff complexity that started in about April. We've seen improvements in orders from many customers in early January, and we're cautiously optimistic about the recent order trends that we're seeing into February. You may recall back in about April, May time frame last year, our revenues dropped precipitously. And that's when the reciprocal tariffs are placed in order that created turmoil in apparel and textile supply chains and most of the customers that we deal with place large orders before the tariffs went into place, understandably, but it led to record inventory levels and it slowed orders across the board in the industry for the entire balance of the calendar year, which was 7 full months. But here's what we're seeing in...

NORRISTOWN, Pa., March 09, 2026--(BUSINESS WIRE)--ResultsCX, a provider of Customer Experience Management (CXM) services to leading global companies including Fortune 100 and FTSE 250 organizations, today announced the appointment of Gautam Thakkar as Chief Executive Officer. Thakkar will also join the company’s Board of Directors. Thakkar brings more than three decades of global leadership experience in business services, with a track record of scaling technology-enabled operations, embedding digital platforms into service delivery, and driving sustained, profitable growth at scale. Earlier in his career, Thakkar was a founding leader of Infosys BPM and served as CEO, where he played a central role in building and expanding a global business process management platform. Under his leadership, Infosys BPM helped enterprises modernize their outsourcing strategies by combining deep process expertise with analytics, automation, and technology-enabled delivery - advancing the model toward technology led transformation. Most recently, as CEO of Unifi Aviation, Thakkar led a multiyear transformation that combined advanced technology deployment, data-driven operating models, and disciplined execution to significantly elevate both employee and customer experience. During his tenure, Unifi scaled revenue nearly four-fold in five years - growing close to 45,000 employees and approaching $2 billion in revenue - driven primarily by organic growth, strengthened operational systems, and targeted acquisitions. His leadership established a culture rooted in measurable accountability, operational precision, and scalable technology integration. "Over the past several years, ResultsCX has achieved strong growth, expanded into EMEA, strengthened its position in core verticals, and built a deeper global delivery footprint across nearshore and offshore locations," said Sanjay Jalona, Chairman of the ResultsCX Board. "We thank Rajesh Subramaniam for his leadership and the contributions he has made in advancing the company’s capabilities and global reach. As AI and automation reshape customer engagement, ResultsCX is well positioned for its next phase of growth. Gautam’s track record leading large-scale, technology-enabled services organizations brings the operational rigor, digital orientation, and execution focus needed to drive the company’s continued expansion and value creation...

Cost reset actions — including the Madison facility closure, ~25% North America headcount reduction and footprint consolidation — have improved efficiency, lowered inventory turns and cut the company’s annual revenue break‑even by roughly $125M to about $575M. Sales declined 12.5% year‑over‑year (Asia down ~27%), but consolidated gross margin widened to 3% from 0.4% and adjusted EBITDA loss narrowed to $0.7M, indicating the initial benefits of the restructuring despite pricing pressure in Brazil and weak Asia volumes. Balance sheet trends show strength — year‑to‑date free cash flow of $13.3M, net debt down to $75M and capex cut ~60% — as management shifts focus to rebuilding revenue, accelerating adoption of innovations (REPREVE, ThermaLoop) and pursuing post‑holiday restocking and tariff‑driven opportunities in Central America. Interested in Unifi, Inc.? Here are five stocks we like better. Unifi (NYSE:UFI) executives said the company is beginning to see operating improvements from a year-long effort to reset its North American cost structure, highlighting better margins, improved free cash flow, and leaner inventories during the company’s fiscal second quarter 2026 earnings call. Executive Chairman Al Carey said the closure of the Madison facility and broad cost reductions have positioned the company to “make healthy profits on a much smaller sales level.” Carey pointed to materially improved inventory turns, a roughly 25% reduction in North America headcount, and higher plant efficiencies at the Yadkinville facility now that operational changes are complete. → With New CEOs, Is Walmart or Target the Better Buy Going Forward? Chief Financial Officer A.J. Eaker said net sales were down 12.5% year-over-year, driven primarily by lower demand in the Asia segment and pricing pressure in Brazil. Consolidated gross profit was $3.6 million, with gross margin of 3%, compared with gross profit of $0.5 million and gross margin of 0.4% in the year-ago quarter. Operating expenses improved as cost actions flowed through results. SG&A expense was $9.7 million, a 25% improvement from the prior-year period, and adjusted EBITDA was a loss of $0.7 million—an improvement of $5.1 million versus the second quarter a year earlier. Eaker said these results reflect the “initial benefits” of cost-saving initiatives, which management expects to continue supporting performance throug...