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Unifi Announces Strong Third Quarter Fiscal 2021 Results Dynamic global business model and robust execution drives better than anticipated performance News provided by Share this article Share this article GREENSBORO, N.C., April 28, 2021 /PRNewswire/ Unifi, Inc. (NYSE: UFI), one of the world s leading innovators in recycled and synthetic yarns, today released operating results for the third quarter of fiscal 2021, which ended March 28, 2021. Third Quarter Fiscal 2021 Overview Net sales were $178.9 million, an increase of 4.6% year-over-year, and an increase of 9.9% sequentially from the second quarter of fiscal 2021. Revenues from REPREVE ® Fiber products represented 33% of consolidated net sales, compared to 29% for the third quarter of fiscal 2020. ....
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 News provided by Share this article 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. ....
Second Quarter Fiscal 2021 Key Points The Company raises guidance as second quarter results reflect sequential improvement in financial performance and key business metrics. Diluted earnings per share and adjusted diluted earnings per share (1) each increased 4% to $0.75 per share and $0.73 per share, respectively. Second quarter service revenue was consistent with the prior year period at $968.9 million, compared to a year-over-year decrease of 6% in the first quarter. Management Solutions revenue increased 1% to $732.8 million. Total revenue decreased 1% to $983.7 million. (1) Adjusted diluted earnings per share and adjusted net income are not United States (“U.S.”) generally accepted accounting principles (“GAAP”) measures. Please refer to the “Non-GAAP Financial Measures” section on page 4 of this press release for a discussion of these non-GAAP measures and a reconciliation to the most comparable U.S. GAAP measures of diluted earnings p ....