---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-009475"
form_type: "8-K"
ticker: "UFI"
cik: "0000100726"
company_name: "UNIFI INC"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T12:38:35.162064+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Unifi reports Q2 net loss $19.8M; unveils Profitability Improvement Plan targeting $20M annual savings

## Summary
- Net sales $136.9M (+0.5% YoY); net loss $19.8M ($1.10/sh) vs $18.0M loss prior year.
- Adjusted EBITDA ($5.5M) vs ($13.0M) YoY; REPREVE revenue $45.7M (33% of sales).
- Profitability Improvement Plan to reduce expenses $10-15M annually; sales transformation to add $6M, total $20M run-rate savings by FY2025.
- A.J. Eaker promoted to CFO; Meredith Boyd to Chief Product Officer; Brian Moore to President of Unifi Manufacturing.
- Severance charge of $2.4M recorded in Q2; headcount reductions completed.

## SEC filing metadata
- accession: 0000950170-24-009475
- form_type: 8-K
- ticker: UFI
- cik: 0000100726
- company_name: UNIFI INC
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100726/000095017024009475/0000950170-24-009475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100726/000095017024009475/ufi-20231231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-009475
- JSON: https://secwatch.observer/filing/0000950170-24-009475.json
- Plain text: https://secwatch.observer/filing/0000950170-24-009475.txt

## Key facts
- Earnings Releases
  UNIFI INC reported second fiscal quarter ended December 31, 2023 results: revenue $136.9 million, net income Net loss was $19.8 million, or ($1.10) per share, EPS ($1.10) per share.
  - Period: second fiscal quarter ended December 31, 2023
  - Revenue: $136.9 million
  - Net income: Net loss was $19.8 million, or ($1.10) per share
  - EPS: ($1.10) per share
  - Result: reported results
  source text: Net sales were $136.9 million, an increase of 0.5% from the second quarter of fiscal 2023, driven by higher sales volumes that were muted by lower pricing in response to lower raw material costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100726/000095017024009475/0000950170-24-009475-index.htm
- Executive change
  Andrew J. Eaker was appointed as Executive Vice President, Chief Financial Officer, and Treasurer at UNIFI INC.
  - Action: appointed
  - Role: Executive Vice President, Chief Financial Officer, and Treasurer
  source text: appointed Andrew J. ("A.J.") Eaker as the Company's Executive Vice President, Chief Financial Officer (principal financial officer and principal accounting officer), and Treasurer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100726/000095017024009475/0000950170-24-009475-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.