Unifi Q3 net loss $10.3M, sales $149M; guides Q4 sales $160-165M, EBITDA $4-6M

UNIFI INC

2024-Q3 EPS reported -$2.40 revenue$424,757,000

Net sales $149.0M, up 9% sequentially but down 5% from $156.7M in prior-year Q3.
Net loss $10.3M ($0.57/sh) vs $5.2M loss in prior-year Q3; adjusted EBITDA ($0.8)M vs $5.0M.
Gross margin 3.2% improved sequentially on cost-saving plan; REPREVE revenue $46.8M (31% of sales).
Q4 guidance: net sales $160-165M, adjusted EBITDA $4-6M, capex $4-5M.
CEO cites destocking bottom and market share gains; expects sequential improvement.

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 0.95

UNIFI INC reported the third fiscal quarter ended March 31, 2024 results: revenue $149.0 million, net income $10.3 million, EPS $0.57 per share.

Period: the third fiscal quarter ended March 31, 2024
Revenue: $149.0 million
Net income: $10.3 million
EPS: $0.57 per share
Result: reported results

Exact text from the filing

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

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

UNIFI INC filing history →

Source: SEC EDGAR

accession 0000950170-24-055732

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.