secwatch.observer — SEC 8-K summary
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Issuer:     UNIFI INC (UFI)
CIK:        0000100726
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001564590-22-002484
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unifi Q2 sales $201.4M (+23.7% YoY) but net income drops to $0.9M from $7.5M
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- Net sales $201.4M, up 23.7% YoY; gross margin fell to 8.4% from 15.9% on labor/input costs.
- Net income $0.9M ($0.05 diluted EPS) vs $7.5M ($0.40 EPS) in Q2 FY2021.
- Adjusted EBITDA $10.9M vs $19.2M; trailing 12-month Adj EBITDA $67.1M vs $23.7M.
- REPREVE fiber products represented 40% of sales, up from 38% YoY.
- Company repurchased 51,500 shares for $1.2M under its buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100726/000156459022002484/0001564590-22-002484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100726/000156459022002484/ufi-8k_20220126.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-002484

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