Unifi Q4 net loss $15.3M, EPS ($0.85); sales $151.1M on weak demand

UNIFI INC

2023-FY EPS reported -$2.57 revenue$623,527,000

Net sales $151.1M, pressured by weak demand and volatile ordering from brands/retailers.
Net loss $15.3M ($0.85/share); operating loss includes $8.2M impairment for abandoned machinery.
Adjusted net loss $7.0M, Adjusted EBITDA $1.7M (excluding impairment).
REPREVE Fiber revenue $44.5M (29% of sales), hurt by lower Asia volumes.
Cash $47M, borrowing >$30M; debt principal $140.9M, net debt $93.9M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

UNIFI INC reported the fourth fiscal quarter and fiscal year ended July 2, 2023 results: revenue $151.1 million, net income $15.3 million, or ($0.85) per share.

Period: the fourth fiscal quarter and fiscal year ended July 2, 2023
Revenue: $151.1 million
Net income: $15.3 million, or ($0.85) per share
Result: reported results

Exact text from the filing

and synthetic yarns, today released operating results for the fourth fiscal quarter and fiscal year ended July 2, 2023. Fourth Quarter Fiscal 2023 Overview • Net sales were $151.1 million, pressured primarily by weak demand, due in part to volatile ordering patterns from brands and retailers. • Revenues from REPREVE Fiber products represented 29% of net sales, or

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Source: SEC EDGAR

accession 0000950170-23-044149

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