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Expense reductions boost Unifi to highest quarterly profit in three years


Repreve polyester yarn is made from chips that come mainly from recycled bottles. Unifi Inc.’s plant in Yadkinville is the company’s leading recyled production site. The company represents about 8% of the private-sector workforce in Yadkin County.
Journal file photo
A significant reduction in sales expenses boosted Unifi Inc. to its best net-income quarter in three years.
Unifi reported after the stock market closed Wednesday net income of $7.5 million, compared with $409,000 a year ago.
Diluted earnings were 40 cents a share, compared with 2 cents a year ago.
The average earnings forecast was 6 cents by two analysts surveyed by Zacks Investment Research. Analysts typically do not include one-time gains and charges in their forecasts. ....

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Unifi Announces Significantly Improved Second Quarter Fiscal 2021 Results


Unifi Announces Significantly Improved Second Quarter Fiscal 2021 Results
Stronger than expected performance and focused execution drives one of the best quarterly margin and profitability performances over the last decade
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GREENSBORO, N.C., Jan. 27, 2021 /PRNewswire/
 Unifi, Inc. (NYSE: UFI), one of the world s leading innovators in recycled and synthetic yarns, today released operating results for the second quarter of fiscal 2021, which ended December 27, 2020.
Second Quarter Fiscal 2021 Overview
Net sales were $162.8 million, a decrease of 4.0% year-over-year, but an increase of 15.0% sequentially from the first quarter of fiscal 2021.
Revenues from REPREVE
® Fiber products represented 37% of consolidated net sales, a new quarterly record. ....

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