Unifi, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
January 31, 2024 at 04:45 pm EST
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Unifi, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 136.92 million compared to USD 136.21 million a year ago. Net loss was USD 19.85 million compared to USD 18.04 million a year ago. Basic loss per share from continuing operations was USD 1.1 compared to USD 1 a year ago. Diluted loss per share from continuing operations was USD 1.1 compared to USD 1 a year ago.
For the six months, sales was USD 275.76 million compared to USD 315.73 million a year ago. Net loss was USD 33.12 million compared to USD 25.87 million a year ago. Basic loss per share from continuing operations was USD 1.83 compared to USD 1.44 a year ago. Diluted loss per share from continuing operations was USD 1.83 compared to USD 1.44 a year ago.
Unifi, Inc. is a multinational company. The Company 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. It operates through three segments: Americas, Asia, and Brazil. The Americas and Asia segments primarily sell recycled and synthetic products to yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets principally in North and Central America, Asia and Europe. The Brazil Segment sells recycled and synthetic products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in Brazil. It offers polyester and nylon products, and recycled solutions.
UNIFI, INC. 
