secwatch.observer — SEC 8-K summary
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Issuer:     UNIFI INC (UFI)
CIK:        0000100726
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001564590-22-036640
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.02, 2.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unifi Q1 net loss $0.44/share vs profit $0.46; sales fall 8.4%; new $230M credit facility
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- Net loss $7.8M ($0.44 per share) vs net income $8.7M ($0.46) in Q1 fiscal 2022.
- Net sales $179.5M, down 8.4% YoY; REPREVE fiber revenue fell to $49.2M (27% of sales) from $71.9M (37%).
- Gross margin collapsed to 3.7% from 13.3% on lower facility utilization and inventory destocking.
- Entered new $230M ABL facility ( $115M revolver + $115M term loan) maturing Oct 2027, replacing prior facility.
- Adjusted EBITDA declined to $2.3M from $19.8M; shareholders elected all nine director nominees and ratified KPMG as auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100726/000156459022036640/0001564590-22-036640-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100726/000156459022036640/ufi-8k_20221028.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-036640

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