Unifi, Inc. is a global textile solutions provider and one of the world's leading innovators in manufacturing synthetic and recycled performance fibers. Through REPREVE®, one of Unifi's proprietary technologies and the global leader in branded recycled performance fibers, Unifi has transformed more than 23 billion plastic bottles into recycled fiber for new apparel, footwear, home goods and other consumer products. The Company's proprietary PROFIBER™ technologies offer increased performance, comfort, and style advantages, enabling customers to develop products that perform, look, and feel better. Unifi continually innovates technologies to meet consumer needs in moisture management, thermal regulation, antimicrobial protection, UV protection, stretch, water resistance, and enhanced softness. Unifi collaborates with many of the world's most influential brands in the sports apparel, fashion, home, automotive, and other industries.

Company profile
Ticker
UFI
Exchange
Website
CEO
Edmund Ingle
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Unifi Asia Pacific (Hong Kong) Company, Limited • Unifi Vietnam Company Limited • Unifi Switzerland GmbH • Unifi Holding 1, BV • Unifi Holding 2, BV • Unifi Textiles Holding, SRL • Unifi do Brasil, Ltda. • Unifi Manufacturing, Inc. • Unifi Textured Polyester, LLC • Unifi Kinston, LLC ...
IRS number
112165495
UFI stock data
News

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11 Aug 22
Press releases
UNIFI, Makers of REPREVE®, Announces Fourth Quarter and Fiscal 2022 Results Consistent with Expectations
10 Aug 22
Unifi, Makers of REPREVE®, Provides Share Repurchase Program, Leadership, and Board Updates
17 Jun 22
Unifi, Inc., makers of REPREVE®, Demonstrates Traceability and Transparency at the Next Level
7 Jun 22
Unifi, Makers of REPREVE®, Announces Fifth Annual REPREVE® Champions of Sustainability Awards
24 May 22
Calendar
4 May 22
19 Aug 22
3 Jul 23
Financial summary
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Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 52.97M | 52.97M | 52.97M | 52.97M | 52.97M | 52.97M |
Cash burn (monthly) | (no burn) | 1.89M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 9.01M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 43.96M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 23.3 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Aug 22 | Gregory K Sigmon | Common Stock | Buy | Acquire P | No | No | 13.12 | 460 | 6.04K | 4,146 |
31 Jul 22 | Lucas de Carvalho Rocha | Common Stock | Sale back to company | Dispose D | No | No | 13.86 | 2,043 | 28.32K | 0 |
31 Jul 22 | Lucas de Carvalho Rocha | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,043 | 0 | 2,043 |
31 Jul 22 | Lucas de Carvalho Rocha | Common Stock | Sale back to company | Dispose D | No | No | 13.86 | 1,554 | 21.54K | 0 |
31 Jul 22 | Lucas de Carvalho Rocha | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,554 | 0 | 1,554 |
31 Jul 22 | Lucas de Carvalho Rocha | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,043 | 0 | 0 |
31 Jul 22 | Lucas de Carvalho Rocha | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,554 | 0 | 0 |
13 Jun 22 | Archibald Cox JR | Common Stock | Gift | Dispose G | No | No | 0 | 9,500 | 0 | 116,155 |
18 May 22 | Langone Kenneth G | Common Stock | Buy | Acquire P | No | No | 13.5736 | 50,000 | 678.68K | 1,580,825 |
Institutional ownership, Q2 2022
71.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 116 |
Opened positions | 13 |
Closed positions | 16 |
Increased positions | 42 |
Reduced positions | 39 |
13F shares | Current |
---|---|
Total value | 185.46M |
Total shares | 13.19M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 2.25M | $31.6M |
Inclusive Capital Partners | 1.92M | $26.95M |
Dimensional Fund Advisors | 1.44M | $20.31M |
Vanguard | 897.88K | $12.62M |
Royce & Associates | 769.11K | $10.81M |
STT State Street | 473.13K | $6.65M |
Pinnacle Associates | 462.47K | $6.5M |
Azarias Capital Management | 359.01K | $5.05M |
Putnam Investments | 283.21K | $3.98M |
Impala Asset Management | 267.24K | $3.76M |
Financial report summary
?Competition
Target • PVH • Nike • Costco Wholesale • Under Armour • General Motors • Express • TargetRisks
- 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.
- The success of UNIFI’s business is tied to the strength and reputation of its brands. If the reputation of one or more of our brands erodes significantly, it could have a material impact on our financial results.
- 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 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 may be subject to greater tax liabilities.
- 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.
- 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.
- Our business and operations could suffer in the event of cybersecurity breaches.
- A decline or change in general economic conditions, political conditions, and/or levels of 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.
Management Discussion
- In order to achieve further growth and continue as an industry leader when the COVID-19 pandemic pressures subside, UNIFI is committed to investing strategically and synergistically in technology, innovation and sustainability; high-quality brand and supplier relationships; and supply chain expansion and optimization. These initiatives complement UNIFI’s core competencies and are expected to strengthen our relationships with like-minded customers who value a premier supply chain and state-of-the-art equipment that offers technology-driven solutions backed by innovation and sustainability. As a result, these initiatives are expected to increase net sales, gross profit and operating income.
- During the last four fiscal years, several key drivers affected our financial results. During fiscal 2018 and 2019, our operations in the U.S. were unfavorably impacted by (i) rising raw material costs and (ii) a surge of imported polyester textured yarn that depressed our pricing, market share, and fixed cost absorption. During fiscal 2020, our financial results began to improve following more stable import and raw material cost environments. However, the COVID-19 pandemic had a significant unfavorable impact to product demand and our annual profitability suffered accordingly. Near the end of fiscal 2020, we divested a minority interest investment and significantly improved our liquidity position, supporting business preservation and the ability to better capture long-term growth opportunities. Throughout fiscal 2021, our businesses experienced sequential improvement alongside global demand and economic recovery, and we capitalized on profitable opportunities that fueled strong consolidated results.
- Once the COVID-19 pandemic subsides, we believe incremental revenue for the Polyester Segment will be generated from both the polyester textured yarn trade petition completed in early calendar 2020 and the actions currently pending with the ITC and Commerce Department, along with continued demand for innovative and sustainable products in the NACA region. The Asia Segment continues to capture demand for recycled products and serves as a significant component of future growth. The Brazil Segment performed extraordinarily well in fiscal 2021 and, while we expect pricing and margins to normalize near historical levels, the momentum captured in fiscal 2021 may provide a new, elevated level of long-term performance for the segment. The Nylon Segment performance continues to reflect the adverse impacts of (i) customers shifting certain programs to overseas garment production and (ii) the current global trend of declining demand for nylon socks, ladies’ hosiery and intimate apparel.
Content analysis
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New words:
advancing, advertising, attrition, avoid, conflict, conflicted, development, dynamic, flat, Indirectly, outpacing, pervasive, reclassification, resin, SFC, softer, timeline, unforeseen
Removed:
absorption, alleging, carried, growing, maintained, polymer, supporting, synergistic
Financial reports
Current reports
8-K
UNIFI, Makers of REPREVE®, Announces Fourth Quarter and Fiscal 2022 Results Consistent with Expectations
10 Aug 22
8-K
Departure of Directors or Certain Officers
17 Jun 22
8-K
Unifi, Inc., Makers of REPREVE®, Announces Third Quarter Fiscal 2022 Results, Consistent with Expectations
27 Apr 22
8-K
Departure of Directors or Certain Officers
1 Apr 22
8-K
Regulation FD Disclosure
16 Feb 22
8-K
Unifi, Inc., Makers of REPREVE®, Announces Second Quarter Fiscal 2022 Results, Achieving Strong Sales
26 Jan 22
8-K
Unifi Elects Rhonda Ramlo to the Board of Directors
28 Oct 21
8-K
Unifi Announces Strong First Quarter Fiscal 2022 Results and Increases Full Year Fiscal 2022 Outlook
25 Oct 21
8-K
Unifi Announces Robust Fourth Quarter and Fiscal 2021 Results
4 Aug 21
8-K
Unifi Announces Strong Third Quarter Fiscal 2021 Results
28 Apr 21
Registration and prospectus
S-8
Registration of securities for employees
30 Mar 22
S-8
Registration of securities for employees
21 Dec 20
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Dec 20
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Dec 20
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Dec 20
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Dec 20
S-8
Registration of securities for employees
6 Feb 19
424B3
Prospectus supplement
27 May 14
S-8
Registration of securities for employees
22 Oct 13
424B3
Prospectus supplement
2 Apr 13
Proxies
DEFA14A
Additional proxy soliciting materials
2 Sep 21
DEFA14A
Additional proxy soliciting materials
16 Sep 20
DEFA14A
Additional proxy soliciting materials
13 Sep 19
DEFA14A
Additional proxy soliciting materials
12 Sep 18
DEF 14A
Definitive proxy
11 Sep 17
DEFA14A
Additional proxy soliciting materials
11 Sep 17
Other
SD
Conflict minerals disclosure
11 May 22
SD
Conflict minerals disclosure
24 May 21
SD
Conflict minerals disclosure
21 May 20
SD
Conflict minerals disclosure
15 May 19
CT ORDER
Confidential treatment order
9 May 19
CT ORDER
Confidential treatment order
9 May 19
CT ORDER
Confidential treatment order
19 Sep 18
CT ORDER
Confidential treatment order
6 Aug 18
SD
Conflict minerals disclosure
25 May 18
SD
Conflict minerals disclosure
3 May 17
Ownership
4
UNIFI / GREGORY K SIGMON ownership change
16 Aug 22
4
UNIFI / Lucas de Carvalho Rocha ownership change
1 Aug 22
3
UNIFI / GREGORY K SIGMON ownership change
5 Jul 22
4
UNIFI / ARCHIBALD COX JR ownership change
14 Jun 22
SC 13D/A
UNIFI / LANGONE KENNETH G ownership change
25 May 22
3
UNIFI / JEFFREY W UBBEN ownership change
19 May 22
SC 13D/A
UNIFI / INCLUSIVE CAPITAL PARTNERS ownership change
19 May 22
4
UNIFI / KENNETH G LANGONE ownership change
19 May 22
4
UNIFI / EDMUND M INGLE ownership change
9 May 22
4
UNIFI / CRAIG A CREATURO ownership change
9 May 22
Transcripts
2022 Q4
Earnings call transcript
11 Aug 22
2022 Q3
Earnings call transcript
28 Apr 22
2022 Q2
Earnings call transcript
27 Jan 22
2022 Q1
Earnings call transcript
26 Oct 21
2021 Q4
Earnings call transcript
7 Aug 21
2021 Q3
Earnings call transcript
1 May 21
2021 Q2
Earnings call transcript
28 Jan 21
2021 Q1
Earnings call transcript
27 Oct 20
2020 Q4
Earnings call transcript
9 Aug 20
2020 Q3
Earnings call transcript
2 May 20
Reddit threads
Daily Discussion Thread - August 10th, 2022
10 Aug 22
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9 Aug 22
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - January 26th, 2022
26 Jan 22
Daily Discussion Thread - January 25th, 2022
25 Jan 22