Edition:
India

Unifi Inc (UFI.N)

UFI.N on New York Stock Exchange

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23 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Unifi Expects Q3 Sales $166 Million
Monday, 16 Apr 2018 

April 16 (Reuters) - Unifi Inc ::UNIFI PROVIDES PRELIMINARY THIRD QUARTER BUSINESS UPDATE.UNIFI INC EXPECTS Q3 SALES $166 MILLION VERSUS I/B/E/S VIEW $172.8 MILLION.UNIFI INC - SEES Q3 NET SALES OF APPROXIMATELY $166 MILLION.UNIFI - FOR FISCAL 2018, CONTINUES TO BELIEVE ITS NET SALES PERFORMANCE WILL BE CONSISTENT WITH PREVIOUSLY ANNOUNCED GUIDANCE.UNIFI INC - SHORT TERM PROFITABILITY WILL REMAIN NEGATIVELY IMPACTED BY "DIFFICULT MARKET DYNAMICS".UNIFI INC - SEES Q3 EARNINGS PER SHARE BETWEEN LOSS OF $0.02 AND EARNINGS OF $0.02.UNIFI - Q3 PROFITABILITY CONSIDERABLY LOWER THAN FORECASTED DUE TO CHALLENGING GLOBAL COST ENVIRONMENT, SOFTER DOMESTIC DEMAND.  Full Article

Unifi Enters Into Agreement To Acquire The Dyed Yarn Business And Assets Of National Spinning
Thursday, 12 Apr 2018 

April 12 (Reuters) - Unifi Inc ::UNIFI ENTERS INTO AGREEMENT TO ACQUIRE THE DYED YARN BUSINESS AND ASSETS OF NATIONAL SPINNING CO., INC..KEY NATIONAL SPINNING SALES, TECHNICAL AND OPERATIONS PERSONNEL WILL JOIN UNIFI AS EMPLOYEES.UNIT UNIFI MANUFACTURING TO ACQUIRE DYED YARN BUSINESS AND ASSETS OF NATIONAL SPINNING CO INC.INTENDS TO TRANSITION DYED YARN BUSINESS FROM NATIONAL SPINNING'S FACILITY IN BURLINGTON, N.C., TO UNIFI'S DYE HOUSE IN REIDSVILLE, N.C..ONCE COMPLETED, UNIFI EXPECTS ITS REIDSVILLE DYE HOUSE TO OPERATE ON A SEVEN-DAY SCHEDULE.  Full Article

Unifi announces election of Kevin Hall as Chairman of the board
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Unifi Inc ::Unifi announces election of Kevin D. Hall as Chairman of the board and Archibald Cox, JR. as lead independent director.Says Hall will also continue to serve as Chief Executive Officer​.  Full Article

Unifi Q1 earnings per share $0.48
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Unifi Inc ::Unifi announces first quarter fiscal 2018 results.Q1 earnings per share $0.48.Q1 sales $164.2 million versus I/B/E/S view $163.4 million.Q1 earnings per share view $0.44 -- Thomson Reuters I/B/E/S.Unifi Inc sees ‍fiscal 2018 capital expenditures of about $35 million​.  Full Article

Unifi reports Q4 earnings per share $0.56
Wednesday, 27 Jul 2016 

Unifi Inc : Qtrly earnings per share $0.56 . Unifi announces fourth quarter and fiscal 2016 results . Q4 sales $163.9 million versus $175 million . For fiscal 2017, company anticipates revenue growth in low single digit percentage range, assuming raw material prices are unchanged . Estimated capital expenditures of approximately $40 million for 2017 . Expect some gross margin pressure in 2017 related to initial start-up costs for bottle processing operation and recycling center expansion .Anticipate that financial benefits of bottle processing operation and recycling center expansion will be realized in fiscal 2018 and beyond.  Full Article

Unifi to set up new division in Sri Lanka
Thursday, 16 Jun 2016 

Unifi Inc :Will expand global availability of repreve recycled fiber, other premier value-added yarns through new division in Sri Lanka.  Full Article

BRIEF-Unifi Expects Q3 Sales $166 Million

* UNIFI INC EXPECTS Q3 SALES $166 MILLION VERSUS I/B/E/S VIEW $172.8 MILLION