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Last $36.91 USD
Change Today +1.37 / 3.85%
Volume 111.6K
UFI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

unifi inc (UFI) Snapshot

Open
$36.09
Previous Close
$35.54
Day High
$37.54
Day Low
$35.95
52 Week High
04/27/15 - $37.54
52 Week Low
04/30/14 - $21.15
Market Cap
671.2M
Average Volume 10 Days
79.3K
EPS TTM
$1.90
Shares Outstanding
18.2M
EX-Date
07/17/98
P/E TM
19.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for UNIFI INC (UFI)

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unifi inc (UFI) Details

Unifi, Inc., together with its subsidiaries, manufactures and sells polyester and nylon yarn products in the United States and internationally. It operates through three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester polymer bead, textured, dyed, twisted, beamed, and draw wound yarns, as well as partially oriented yarns primarily to other yarn manufacturers, knitters, and weavers that produce yarns and fabrics for the apparel, hosiery, automotive upholstery, home furnishing, industrial, and other end-use markets. The Nylon segment manufactures and sells textured nylon, solution dyed, and covered spandex yarns to knitters and weavers, which produce fabrics primarily for the apparel and hosiery markets. The International segment offers textured polyester, and various types of resale yarns and staple fibers to knitters and weavers that produce fabrics for the apparel, automotive upholstery, home furnishing, industrial, and other end-use markets primarily in the South American and Asian regions. The company markets and sells its products through its sales force and independent sales agents. Unifi, Inc. was founded in 1969 and is headquartered in Greensboro, North Carolina.

2,500 Employees
Last Reported Date: 09/10/14
Founded in 1969

unifi inc (UFI) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $710.0K
President, Chief Operating Officer, Director ...
Total Annual Compensation: $475.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $265.7K
Vice President of Manufacturing
Total Annual Compensation: $335.0K
Compensation as of Fiscal Year 2014.

unifi inc (UFI) Key Developments

Unifi Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 29, 2015

Unifi Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 29, 2015. For the quarter, the company reported net sales of $170,530,000 compared to $176,864,000 a year ago. Operating income was $9,031,000 compared to $6,093,000 a year ago. Income before income taxes was $12,488,000 compared to $8,930,000 a year ago. Net income attributable to the company was $10,016,000 or $0.53 per diluted share compared to $4,743,000 or $0.24 per dilutes share a year ago. EBITDA was $17,861,000 compared to $14,492,000 a year ago. Adjusted EBITDA was $14,854,000 compared to $12,590,000 a year ago. On adjusted basis, income before income taxes was $13,498,000 compared to $9,037,000 a year ago. Net income was $8,966,000 or $0.49 per diluted share compared to $5,429,000 or $0.29 per dilutes share a year ago. The decrease in net sales is primarily attributable to the devaluation of the Brazilian currency, partially offset by improved textured polyester and international segment sales volumes. This increase in quarterly pretax income is primarily attributable to $2.5 million of improved gross profit, driven by the factors previously discussed, improved earnings from its equity affiliates, which they will discuss on Slide #6, partially offset by $1 million write-off of debt financing fees associated with its previous credit facility. For the nine months, the company reported net sales of $507,861,000 compared to $506,150,000 a year ago. Operating income was $26,582,000 compared to $20,152,000 a year ago. Income before income taxes was $35,639,000 compared to $33,435,000 a year ago. Net income attributable to the company was $26,511,000 or $1.41 per diluted share compared to $20,056,000 or $1.01 per dilutes share a year ago. Net cash provided by operating activities was $19,697,000 compared to $42,437,000 a year ago. Capital expenditures were $19,393,000 compared to $13,390,000 a year ago. EBITDA was $51,761,000 compared to $48,628,000 a year ago. Adjusted EBITDA was $45,241,000 compared to $39,638,000 a year ago. On adjusted basis, income before income taxes was $35,160,000 compared to $33,916,000 a year ago. Net income was $23,631,000 or $1.30 per diluted share compared to $21,815,000 or $1.14 per dilutes share a year ago. The sales increase is due to higher volumes in the nylon and international segments, partially offset by pricing declines in both of these segments with the same themes driving these changes. This increase in pretax income is primarily attributable to: $8.3 million of improved gross profit driven by the factors previously discussed, partially offset by lower earnings by its equity affiliates, which they will discuss on the next slide; higher SG&A expenses primarily due to stock-based compensation, marketing expenses and professional fees; a write-off of debt financing fees; and higher net interest expense due to a onetime interest income benefit received by its Brazil subsidiary in the prior year period. The increase in EPS in addition to the factors previously discussed is attributable to a lower effective tax rate and a decline in average basic shares outstanding from 19.1 million to 18.2 million shares due to the company's previously announced stock repurchase programs.

Unifi Inc., Q3 2015 Earnings Call, Apr 23, 2015

Unifi Inc., Q3 2015 Earnings Call, Apr 23, 2015

Unifi, Inc. and Unifi Manufacturing, Inc. Enter into an Amended and Restated Credit Agreement

On March 26, 2015 Unifi, Inc. and Unifi Manufacturing, Inc. as borrowers, entered into an Amended and Restated Credit Agreement (the Amended Credit Agreement") for a $200 million senior secured credit facility (the ABL Facility") with Wells Fargo Bank, National Association (Wells Fargo"), as agent, lead arranger, book runner and a lender; Bank of America, N.A. (Bank of America") as a lender; and Fifth Third Bank (Fifth Third") as a lender. The ABL Facility consists of a $100 million revolving credit facility (the ABL Revolver") and an $84.38 million term loan that can be increased up to $100 million if certain future conditions are met (the ABL Term Loan"). The ABL Facility has a maturity date of March 26, 2020. Certain capitalized terms used but not defined herein have the meanings given to them in the Amended Credit Agreement.

 

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Industry Analysis

UFI

Industry Average

Valuation UFI Industry Range
Price/Earnings 19.0x
Price/Sales 0.9x
Price/Book 2.3x
Price/Cash Flow 18.3x
TEV/Sales 0.8x
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