secwatch.observer — SEC 8-K summary
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Issuer:     UNIFI INC (UFI)
CIK:        0000100726
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055732
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100726/000095017024055732/0000950170-24-055732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100726/000095017024055732/ufi-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055732

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer