Unifi, Inc. Reports Earnings Results for the First Quarter Ended September 29, 2024
October 30, 2024 at 04:27 pm EDT
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Unifi, Inc. reported earnings results for the first quarter ended September 29, 2024. For the first quarter, the company reported sales was USD 147.37 million compared to USD 138.84 million a year ago. Net loss was USD 7.63 million compared to USD 13.27 million a year ago.
Basic loss per share from continuing operations was USD 0.42 compared to USD 0.73 a year ago. Diluted loss per share from continuing operations was USD 0.42 compared to USD 0.73 a year ago.
UNIFI, Inc. specializes in fiber science and sustainable synthetic textiles. The Company, using recycling technology, is a pioneer in scaling the transformation of post-industrial and post-consumer waste into sustainable products. REPREVE, its brand of recycled performance fiber and resin. Its segments include Americas Segment, Brazil Segment and Asia Segment. It manufactures and sells recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets. Its products include filament yarn, spun yarn, staple fiber, resin, and rPET Flake. Its performance technology includes anti-odor, color, comfort, moisture, protection, stretch, sustainable and temperature. The Company has direct manufacturing operations in four countries and participates in a joint venture operating in the United States.
