Unifi, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended April 02, 2023
May 03, 2023 at 04:33 pm EDT
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Unifi, Inc. reported earnings results for the third quarter and nine months ended April 02, 2023. For the third quarter, the company reported sales was USD 156.74 million compared to USD 200.78 million a year ago. Net loss was USD 5.18 million compared to net income of USD 2.07 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to basic earnings per share from continuing operations of USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.29 compared to diluted earnings per share from continuing operations of USD 0.11 a year ago.
For the nine months, sales was USD 472.47 million compared to USD 598.18 million a year ago. Net loss was USD 31.06 million compared to net income of USD 11.68 million a year ago. Basic loss per share from continuing operations was USD 1.72 compared to basic earnings per share from continuing operations of USD 0.63 a year ago. Diluted loss per share from continuing operations was USD 1.72 compared to diluted earnings per share from continuing operations of USD 0.62 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. 
