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Jun 30, 2024
Unifi Q4 2024 Earnings Report
Sales and profitability trends accelerated momentum through the second half of the fiscal year, as customer engagement and innovation focus has prepared Company to pivot to growth moving forward
Key Takeaways
Unifi, Inc. reported a 6% increase in net sales to $157.5 million, driven by higher sales volumes, with REPREVE Fiber products representing 34% of net sales. The company experienced a net loss of $4.0 million, or $0.22 per share, an improvement from the previous quarter's net loss of $10.3 million, or $0.57 per share.
Net sales increased to $157.5 million, a 6% rise from the previous quarter, primarily driven by higher sales volumes.
REPREVE Fiber products contributed $53.6 million, representing 34% of net sales.
Gross profit increased to $10.8 million, with a gross margin of 6.9%, showing sequential-quarter improvement.
Net loss decreased to $4.0 million, or $0.22 per share, compared to the previous quarter's net loss of $10.3 million, or $0.57 per share.
Unifi
Unifi
Unifi Revenue by Segment
Unifi Revenue by Geographic Location
Revenue by Segment
REPREVE Fiber Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comBrazil Revenue
CapyFin.comAsia Revenue
CapyFin.com Forward Guidance
UNIFI expects net sales between $147.0 million and $153.0 million and Adjusted EBITDA between $1.0 million and $3.0 million for the first quarter of fiscal 2025. For the full fiscal year 2025, UNIFI anticipates net sales to increase more than 10% over fiscal 2024 and significant increases in gross profit, gross margin, and Adjusted EBITDA.
Positive Outlook
- Net sales to increase more than 10% over fiscal 2024.
- Gross profit expected to increase significantly from fiscal 2024.
- Gross margin expected to increase significantly from fiscal 2024.
- Adjusted EBITDA expected to increase significantly from fiscal 2024.
- Underlying portfolio and REPREVE Fiber momentum continues.
Challenges Ahead
- Macroeconomic uncertainties remain pronounced in the second half of calendar 2024.
- Inflationary uncertainties remain pronounced in the second half of calendar 2024.
- Continued volatility in the effective tax rate.
- Capital expenditures between $3.0 million and $4.0 million for Q1 2025.
- Capital expenditures to range from $10.0 million to $12.0 million for FY 2025.