UNIFI INC — fact timeline

UNIFI INC reported third fiscal quarter ended March 29, 2026 results: revenue $130.0 million, net income $2.3 million, EPS $0.12 per share.

“Third Quarter Fiscal 2026 Highlights • Cash provided by operating activities was $8.0 million during the third quarter of fiscal 2026 and $24.4 million during the nine months ended March 29, 2026. • Debt principal was $94.9 million and Net Debt* was $68.4 million at March 29, 2026. • SG&A expenses were $11.2 million, a decrease of 9.0% from the third quarter of fiscal 2025, primarily driven by cost reduction efforts. • Net sales were $130.0 million, a decrease of 11.3% from the third quarter of fiscal 2025, but an increase of 7.1% sequentially. • Revenues from REPREVE Fiber products were $38.2 million and represented 29% of net sales, compared to $34.3 million or 28% of net sales for the second quarter of fiscal 2026. • Gross profit was $9.1 million and gross margin was 7.0%, compared to gross loss of $0.4 million and gross margin of (0.3)% for the third quarter of fiscal 2025. • Net loss was $2.3 million, or $0.12 per share, which includes $1.8 million in gain on foreign currency tran”

UNIFI INC completed a disposition involving Enovum NC-1 Bidco, LLC for $45 million (closed 2025-05-20).

“(the “Closing”) to May 20, 2025, (b) waive the Energy Study Contingency (as defined in the Amended Purchase Agreement), and (c) reduce the purchase price payable at Closing to $45 million, subject to the potential payment of deferred compensation to UMI in the amount of (i) $8.0 million, if certain energy supply conditions are met within two years of Closing, (ii)”

UNIFI INC announced a restructuring with charges of approximately $5.0 million to $7.5 million affecting Madison, North Carolina facility (up to 250 positions).

“On February 3, 2025, Unifi, Inc. issued a news release announcing that its wholly-owned subsidiary, Unifi Manufacturing, Inc. (together referred to as “UNIFI” or the “Company”), will be closing its facility in Madison, North Carolina, and transitioning those manufacturing operations to other production facilities in North and Central America. The footprint reduction will improve efficiency and allow for a significant increase in utilization rates at the other production facilities. The consolidation of the Company’s yarn manufacturing operations is expected to result in the elimination of up to 250 positions at the Madison facility. The property is currently being marketed for sale and it is anticipated that operations at the Madison facility will cease by the end of September 2025. UNIFI expects to incur restructuring charges of approximately $5.0 million to $7.5 million related to the facility’s closure.”

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.

“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”

Gregory K. Sigmon resigned as Executive Vice President, General Counsel, and Corporate Secretary at UNIFI INC.

“On March 5, 2024, Gregory K. Sigmon, Executive Vice President, General Counsel, and Corporate Secretary of Unifi, Inc. (the “Company”), notified the Company of his resignation from all of his positions with the Company and its subsidiaries and affiliates, effective March 22, 2024.”

A.J. Eaker was appointed as Executive Vice President, Chief Financial Officer, and Treasurer at UNIFI INC.

“On February 2, 2024, in connection with his appointment as Executive Vice President, Chief Financial Officer, and Treasurer of the Company, Mr. Eaker and the Company entered into an Employment Agreement”

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.

“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.”

Andrew J. Eaker was appointed as Executive Vice President, Chief Financial Officer, and Treasurer at UNIFI INC.

“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.”

UNIFI INC shareholders approved Ratification of the appointment of KPMG LLP to serve as the Company's independent registered public accounting firm for fiscal 2024 at the 2023-10-31 meeting.

“Ratification of the appointment of KPMG LLP to serve as the Company’s independent registered public accounting firm for fiscal 2024: Votes For Votes Against Abstentions Broker Non-Votes 12,946,414 55,281 3,027 0”

UNIFI INC shareholders approved Approval of the First Amendment to increase the number of shares of the Company’s common stock reserved for issuance under the Unifi, Inc. Second Amended and Restated 2013 Incentive Compensation Plan by 1,100,000 shares at the 2023-10-31 meeting.

“Approval of the First Amendment: Votes For Votes Against Abstentions Broker Non-Votes 10,067,440 991,094 39,139 1,907,049”

UNIFI INC shareholders approved Advisory vote on the frequency of future advisory votes to approve the Company's named executive officer compensation at the 2023-10-31 meeting.

“Advisory vote on the frequency of future advisory votes to approve the Company’s named executive officer compensation: 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 10,050,268 56,072 985,126 6,207 1,907,049”

UNIFI INC shareholders approved Advisory vote to approve the Company's named executive officer compensation in fiscal 2023 at the 2023-10-31 meeting.

“Advisory vote to approve the Company’s named executive officer compensation in fiscal 2023: Votes For Votes Against Abstentions Broker Non-Votes 10,145,954 733,366 218,353 1,907,049”

UNIFI INC shareholders approved Election of directors at the 2023-10-31 meeting.

“Nominee Votes For Votes Against Abstentions Broker Non-Votes Emma S. Battle 10,555,508 292,220 249,945 1,907,049 Francis S. Blake 10,813,222 243,512 40,939 1,907,049 Albert P. Carey 10,726,337 333,671 37,665 1,907,049 Archibald Cox, Jr. 10,378,501 681,507 37,665 1,907,049 Edmund M. Ingle 10,959,912 99,796 37,965 1,907,049 Kenneth G. Langone 10,840,375 219,633 37,665 1,907,049 Suzanne M. Present 10,483,606 572,830 41,237 1,907,049 Rhonda L. Ramlo 10,579,206 477,230 41,237 1,907,049 Eva T. Zlotnicka 10,177,960 878,551 41,162 1,907,049”

UNIFI INC reported the fourth fiscal quarter and fiscal year ended July 2, 2023 results: revenue $151.1 million, net income $15.3 million, or ($0.85) per share.

“and synthetic yarns, today released operating results for the fourth fiscal quarter and fiscal year ended July 2, 2023. Fourth Quarter Fiscal 2023 Overview • Net sales were $151.1 million, pressured primarily by weak demand, due in part to volatile ordering patterns from brands and retailers. • Revenues from REPREVE Fiber products represented 29% of net sales, or”

Andrew J. Eaker was appointed as Interim Chief Financial Officer at UNIFI INC.

“In connection with the resignation of Mr. Creaturo, on July 21, 2023, the Board of Directors of the Company appointed Andrew J. (“A.J.”) Eaker, the Company’s Treasurer, as Interim Chief Financial Officer (interim principal financial officer and interim principal accounting officer) of the Company, effective as of the Effective Date.”

Craig A. Creaturo resigned as Executive Vice President and Chief Financial Officer at UNIFI INC.

“On July 21, 2023, Craig A. Creaturo, Executive Vice President and Chief Financial Officer (principal financial officer and principal accounting officer) of Unifi, Inc. (the “Company”), notified the Company of his resignation from all of his positions with the Company and its subsidiaries and affiliates, effective August 25, 2023 (the “Effective Date”).”

UNIFI INC reported the third fiscal quarter ended April 2, 2023 results: revenue $156.7 million, net income Net loss was $5.2 million, or $0.29 per share, EPS $0.29 per share.

“in recycled and synthetic yarns, today released operating results for the third fiscal quarter ended April 2, 2023. Third Quarter Fiscal 2023 Overview • Net sales were $156.7 million, up 15.1% sequentially, yet pressured by near-term inventory destocking measures taken by apparel brands and retailers. • Revenues from REPREVE Fiber products represented 32% of”

UNIFI INC reported fiscal third quarter ended April 2, 2023 results: revenue Net sales between $155 million and $157 million.

“For the third quarter of fiscal 2023, UNIFI expects the following results, compared to the immediately preceding second quarter of fiscal 2023: • Net sales between $155 million and $157 million, a sequential quarter increase of 14% to 15%; • Gross profit between $9 million and $10 million, a sequential quarter improvement from a gross loss of $8 million; • Operating loss between $2 million and $3 million, a sequential quarter improvement of $17 million to $18 million; and • Adjusted EBITDA between $4 million and $5 million, a sequential quarter improvement of $17 million to $18 million.”

UNIFI INC reported the second fiscal quarter ended January 1, 2023 results: revenue $136.2 million, net income Net loss was $18.0 million, or ($1.00) per share, EPS ($1.00) per share.

“Net sales were $136.2 million, a decrease of 32.4% from the second quarter of fiscal 2022, primarily attributable to temporary demand disruption in the Americas and Asia Segments caused by near-term inventory destocking measures taken by apparel brands and retailers.”

UNIFI INC reported preliminary financial results for the second quarter of fiscal 2023 ended January 1, 2023.

“On January 19, 2023, Unifi, Inc. issued a press release announcing its preliminary operating results for its fiscal second quarter ended January 1, 2023”

UNIFI INC reported the first fiscal quarter ended October 2, 2022 results: revenue $179.5 million, net income $7.8 million, EPS $0.44 per share.

“in recycled and synthetic yarns, today released operating results for the first fiscal quarter ended October 2, 2022. First Quarter Fiscal 2023 Overview • Net sales were $179.5 million, a decrease of 8.4% from the first quarter of fiscal 2022, primarily attributable to temporary demand disruption in the Americas and Asia Segments from inventory destocking”

UNIFI INC shareholders approved Ratification of the appointment of KPMG LLP to serve as the Company’s independent registered public accounting firm for fiscal 2023 at the 2022-11-02 meeting.

“3 . Ratification of the appointment of KPMG LLP to serve as the Company’s independent registered public accounting firm for fiscal 2023: Votes For Votes Against Abstentions Broker Non-Votes 14,824,326 178,090 2,759 0”

UNIFI INC shareholders approved Advisory vote to approve the Company’s named executive officer compensation in fiscal 2022 at the 2022-11-02 meeting.

“2. Advisory vote to approve the Company’s named executive officer compensation in fiscal 2022: Votes For Votes Against Abstentions Broker Non-Votes 13,104,247 115,393 3,388 1,782,147”

UNIFI INC shareholders approved Election of directors at the 2022-11-02 meeting.

“1. Election of directors: Nominee Votes For Votes Against Abstentions Broker Non-Votes Emma S. Battle 12,980,106 240,465 2,457 1,782,147 Francis S. Blake 13,060,364 160,007 2,657 1,782,147 Albert P. Carey 12,825,512 394,884 2,632 1,782,147 Archibald Cox, Jr. 12,643,900 576,496 2,632 1,782,147 Edmund M. Ingle 12,862,451 357,934 2,643 1,782,147 Kenneth G. Langone 12,671,968 548,750 2,310 1,782,147 Suzanne M. Present 12,881,691 338,704 2,633 1,782,147 Rhonda L. Ramlo 13,039,168 181,220 2,640 1,782,147 Eva T. Zlotnicka 12,848,117 372,508 2,403 1,782,147”

UNIFI INC incurred credit facility of $230.0 million senior secured credit facility with Wells Fargo Bank, National Association at Base Rate plus an Applicable Margin of 0.25% to 0.75% or Adjusted Term SOFR plus maturing October 28, 2027.

“entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) for a $230.0 million senior secured credit facility (the “ABL Facility”) with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, sole lead arranger and sole book runner, and Wells Fargo; Bank of America, N.A; and First National Bank, as lenders.”

UNIFI INC entered into Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association; Bank of America, N.A; First National Bank valued at $230.0 million senior secured credit facility (effective 2022-10-28).

“On October 28, 2022 , (the “Effective Date”), Unifi Manufacturing, Inc., a beneficially owned subsidiary of Unifi, Inc. (the “Company”), and certain of its domestic affiliates (collectively, the “Borrowers”), as borrowers, entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) for a $230.0 million senior secured credit facility (the “ABL Facility”) with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, sole lead arranger and sole book runner, and Wells Fargo; Bank of America, N.A; and First National Bank, as lenders.”

Francis S. Blake was elected as Director at UNIFI INC.

“On August 30 , 2022 , the Board of Directors (the “Board”) of Unifi, Inc. (the “Company”) elected Francis S. Blake, Non-Executive Chairman of the Board of Directors of Delta Air Lines, Inc. and former Chairman and Chief Executive Officer of The Home Depot, Inc., to the Board, effective September 5, 2022, with a term expiring at the Company’s 2022 Annual Meeting of Shareholders.”

James M. Kilts retired as Member of the Board of Directors at UNIFI INC.

“On June 16, 2022, James M. Kilts notified Unifi, Inc. (the “Company”) of his retirement, effective July 3, 2022, from the Company’s Board of Directors”

Robert J. Bishop resigned as Director at UNIFI INC.

“On March 31, 2022, Robert J. Bishop notified Unifi, Inc. (the “Company”) of his resignation, effective that day, from the Company’s Board of Directors (the “Board”) and from his position as a member of the Audit Committee of the Board.”