A modest increase in global sales enabled Unifi Inc. to continue its string of profitable quarters.
Unifi reported after the stock market closed Wednesday net income of $4.7 million, compared with a loss of $41.1 million in the third quarter of 2020.
The Greensboro yarn manufacturer reported a year ago a $45.2 million investment impairment related to receiving $60 million in cash from selling its 34% stake in Parkdale America LLC to majority owner Parkdale Inc.
Diluted earnings were 25 cents a share, compared with a loss $2.23 cents a year ago.
The average earnings forecast was 16 cents by two analysts surveyed by Zacks Investment Research. Analysts typically do not include one-time gains and charges in their forecasts.
How To Solve the Mounting Problem of Plastic Waste? Focus on Its Chemical Roots
DOE Funding Pairs NREL with Academic, Nonprofit, and Industry Scientists To Transform How We Create and Recycle Plastic
Feb. 3, 2021
NREL researcher Chen Wang works on a UV-light setup to study light-driven oxidation reactions to degrade commodity plastics, such as polystyrene and polyethylene.
Photo by Dennis Schroeder, NREL
Plastic pollution is a recognized global challenge. According to
Our World in Data, since 1950, only 9% of the roughly 5.8 billion tons of plastic waste has been recycled. Experts estimate that there will be more plastic than fish by mass in the ocean by