Company profile

Ticker
UFI
Exchange
Website
CEO
Edmund M. Ingle
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
112165495

UFI stock data

(
)

Calendar

7 May 20
15 Jul 20
30 Jun 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 170.99M 169.51M 179.95M 179.49M
Net income -41.11M 409K 3.71M 1M
Diluted EPS -2.23 0.02 0.2 0.05
Net profit margin -24.04% 0.24% 2.06% 0.56%
Operating income 3.15M 2.56M 6.35M 5.27M
Net change in cash -3.82M 3.09M 11.89M -5.67M
Cash on hand 33.39M 37.21M 34.12M 22.23M
Cost of revenue 155.61M 153.85M 162.51M 161.15M
Annual (USD) Jun 19 Jun 18 Jun 17 Jun 16
Revenue 708.8M 678.91M 647.27M 643.64M
Net income 2.46M 31.7M 32.38M 33.17M
Diluted EPS 0.13 1.7 1.78 1.87
Net profit margin 0.35% 4.67% 5.00% 5.15%
Operating income 10.96M 28.8M 43.77M 42.2M
Net change in cash -22.66M 9.47M 18.78M 6.63M
Cash on hand 22.23M 44.89M 35.43M 16.65M
Cost of revenue 642.5M 592.48M 553.11M 550.01M

Financial data from Unifi earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
15 Jun 20 Edmund M Ingle Common Stock Grant Aquire A No 0 50,662 0 53,912
15 Jun 20 Edmund M Ingle Employee Stock Option Common Stock Grant Aquire A No 13.23 60,000 793.8K 60,000
19 May 20 Langone Kenneth G Common Stock Buy Aquire P No 13.63 4,400 59.97K 1,440,000
18 May 20 Kilts James M Common Stock Buy Aquire P No 11.98 100 1.2K 26,376
15 May 20 Kilts James M Common Stock Buy Aquire P No 11.91 2,700 32.16K 26,276
14 May 20 Langone Kenneth G Common Stock Buy Aquire P No 11.23 8,400 94.33K 1,435,600
13 May 20 Langone Kenneth G Common Stock Buy Aquire P No 11.5 7,200 82.8K 1,427,200
80.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 116 123 -5.7%
Opened positions 15 15
Closed positions 22 15 +46.7%
Increased positions 35 39 -10.3%
Reduced positions 37 42 -11.9%
13F shares
Current Prev Q Change
Total value 238M 507.03M -53.1%
Total shares 14.83M 14.96M -0.8%
Total puts 0 0
Total calls 10.5K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
BLK BlackRock 2.3M $26.6M -1.5%
Impala Asset Management 1.64M $18.93M +1.1%
Victory Capital Management 1.62M $18.73M +6.2%
Dimensional Fund Advisors 1.54M $17.78M -0.6%
ValueAct 1.42M $16.37M 0.0%
Vanguard 903.57K $10.44M +5.1%
BEN Franklin Resources 624.06K $7.21M -1.6%
STT State Street 518.85K $5.99M +5.0%
Royce & Associates 416.14K $4.81M +8.8%
Pinnacle Associates 341.33K $3.94M -12.9%
Largest transactions
Shares Bought/sold Change
Millennium Management 192.25K +181.61K +1707.3%
Portolan Capital Management 0 -144.41K EXIT
Charles Schwab Investment Management 88.75K -126.69K -58.8%
BBR Partners 102.42K +102.42K NEW
Fuller & Thaler Asset Management 0 -96.2K EXIT
Victory Capital Management 1.62M +94.8K +6.2%
Wedbush Securities 0 -87.46K EXIT
Kennedy Capital Management 183.69K +81.37K +79.5%
Harvey Partners 30K -60.29K -66.8%
Bridgeway Capital Management 59.27K +59.27K NEW

Financial report summary

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Competition
TargetPVHNikeHaggarCostco WholesaleBelkUnder ArmourGeneral MotorsExpressTarget
Risks
  • UNIFI faces intense competition from a number of domestic and foreign yarn producers and importers of foreign-sourced fabric, apparel and other textile products. Because UNIFI and the supply chains in which UNIFI conducts its business do not typically operate on the basis of long-term contracts with textile customers or brand partners, these competitive factors could cause UNIFI’s customers or brand partners to shift rapidly to other producers.
  • A significant portion of our sales is dependent upon demand from a few large brand partners.
  • Significant price volatility of UNIFI’s raw materials and rising energy costs may result in increased production costs. UNIFI attempts to pass such increases in production costs on to its customers through responsive price increases. However, any such price increases are effective only after a time lag that may span one or more quarters, during which UNIFI and its margins are negatively affected.
  • UNIFI depends on limited sources for certain of its raw materials, and interruptions in supply could increase its costs of production, cause production inefficiencies or lead to a halt in production.
  • A disruption at one of our facilities could harm our business and result in significant losses, lead to a decline in sales and increase our costs and expenses.
  • UNIFI has significant foreign operations, and its consolidated results of operations and business may be adversely affected by the risks associated with doing business in foreign locations, including the risk of fluctuations in foreign currency exchange rates.
  • UNIFI’s future success will depend in part on its ability to protect and preserve its intellectual property rights, and UNIFI’s inability to enforce these rights could cause it to lose sales, reduce any competitive advantage it has developed or otherwise harm its business.
  • UNIFI has investments in less-than-100%-owned affiliates that it does not control, which subjects UNIFI to uncertainties about the operating performance and quality of financial reporting of these affiliates.
  • UNIFI requires cash to service its indebtedness and to fund capital expenditures and strategic initiatives, and its ability to generate sufficient cash for those purposes depends on many factors beyond its control.
  • A decline in general economic or political conditions, and changes in consumer spending, could cause a decline in demand for textile products, including UNIFI’s products.
  • Unfavorable changes in trade policies and/or violations of existing trade policies could weaken UNIFI’s competitive position significantly and have a material adverse effect on its business.
  • In order to compete effectively, we must attract, retain and motivate key employees, and our failure to do so could harm our business and our results of operations.
  • Our business and operations could suffer in the event of cybersecurity breaches.
  • UNIFI may be subject to greater tax liabilities.
Management Discussion
  • Gross profit for fiscal 2019 decreased by $20,120, or 23.3%, as compared to fiscal 2018. For the Asia Segment, gross profit decreased as sales growth was more than offset by (i) margin pressure from higher raw material costs, (ii) a greater mix of lower-priced product sales and (iii) unfavorable foreign currency translation effects as the RMB weakened against the USD during fiscal 2019. For the Brazil Segment, gross profit decreased primarily due to (a) unfavorable foreign currency translation effects as the BRL weakened against the USD during fiscal 2019, (b) margin pressure from higher raw material costs and competition and (c) lower sales volumes as described above. For the Polyester Segment, gross profit decreased primarily due to lower conversion margin, in which the first half of fiscal 2019 was unfavorably impacted by higher raw material costs, unfavorable sales mix towards lower-margin business and weaker fixed cost absorption resulting from lower textured yarn volumes in connection with significant competitive pressure from imported textured polyester. For the Nylon Segment, gross profit decreased primarily due to a less favorable sales mix and weaker fixed cost absorption, due in part to the loss of a customer program to overseas production during the fourth quarter of fiscal 2019.
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New words: adequate, aggressive, aid, ASC, assist, avoid, basic, benchmark, catastrophic, cease, commercial, concurrent, country, cumulative, declared, demonstrably, deployed, disease, disinfection, Disposition, disrupt, disruption, distancing, divided, duration, earliest, economy, effort, exceeded, explore, extensive, extraordinary, healthcare, healthy, hold, impairment, Incorporated, input, insignificantly, intensified, introduced, led, long, longevity, magnitude, military, minimal, minimize, outbreak, outlay, outlined, Overview, pace, pandemic, payroll, permitted, personal, personnel, preserve, prioritized, prioritizing, priority, pro, proactive, prudent, quarantine, rata, rebound, restoration, retail, sanitation, set, short, social, SOFR, speed, spread, strain, strong, subdued, suspending, temporarily, travel, unissued, unknown, vaccine
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