Unifi, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2024
August 21, 2024 at 04:22 pm EDT
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Unifi, Inc. reported earnings results for the fourth quarter and full year ended June 30, 2024. For the fourth quarter, the company reported sales was USD 157.45 million compared to USD 151.06 million a year ago. Net loss was USD 3.98 million compared to USD 15.29 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.85 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to USD 0.85 a year ago.
For the full year, sales was USD 582.21 million compared to USD 623.53 million a year ago. Net loss was USD 47.4 million compared to USD 46.34 million a year ago. Basic loss per share from continuing operations was USD 2.61 compared to USD 2.57 a year ago. Diluted loss per share from continuing operations was USD 2.61 compared to USD 2.57 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.
UNIFI, INC. 
