Edition:
United Kingdom

Unifi Inc (UFI.N)

UFI.N on New York Stock Exchange

31.52USD
22 Jun 2018
Change (% chg)

$-0.52 (-1.62%)
Prev Close
$32.04
Open
$32.16
Day's High
$32.16
Day's Low
$31.33
Volume
57,901
Avg. Vol
26,485
52-wk High
$39.21
52-wk Low
$28.14

Latest Key Developments (Source: Significant Developments)

Unifi Inc Says Valueact Spring Acquired Co's Securities Based On Belief That They Were "Undervalued"
Monday, 14 May 2018 

May 14 (Reuters) - Unifi Inc ::VALUEACT SPRING MASTER FUND - ACQUIRED UNIFI SECURITIES BASED ON BELIEF THAT THEY WERE "UNDERVALUED", REPRESENTED "ATTRACTIVE INVESTMENT OPPORTUNITY".VALUEACT SPRING MASTER FUND SAYS ANTICIPATE HAVING FURTHER DISCUSSIONS WITH UNIFI'S DIRECTORS IN CONNECTION WITH ITS INVESTMENT.VALUEACT SPRING MASTER FUND REPORTS 5.0% STAKE IN UNIFI AS OF MAY 11 - SEC FILING.VALUEACT SPRING MASTER FUND SAYS TALKS WITH UNIFI COVER RANGE OF ISSUES, INCLUDING WHETHER IT MAKES SENSE FOR VALUEACT CAPITAL EMPLOYEE TO BE ON BOARD.  Full Article

Unifi Reports Q3 Earnings Per Share $0.01
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Unifi Inc ::UNIFI ANNOUNCES THIRD QUARTER FISCAL 2018 RESULTS.Q3 EARNINGS PER SHARE $0.01.Q3 SALES $165.9 MILLION VERSUS I/B/E/S VIEW $168.9 MILLION.QTRLY NET SALES INCREASED $5.0 MILLION, OR 3.1%, TO $165.9 MILLION, COMPARED TO $160.9 MILLION FOR Q3 OF FISCAL 2017.SAYS EXPECTS FISCAL 2018 OPERATING INCOME AND ADJUSTED EBITDA TO BE WELL BELOW FISCAL 2017 RESULTS.COMPANY CONTINUES TO EXPECT SALES VOLUME GROWTH DRIVING REVENUE GROWTH IN LOW-TO-MID SINGLE DIGIT PERCENTAGE RANGE FOR YEAR.CAPITAL EXPENDITURES ARE EXPECTED TO TOTAL $28 MILLION, WHICH IS $2 MILLION BELOW PRIOR OUTLOOK FOR 2018.Q3 EARNINGS PER SHARE VIEW $0.40, REVENUE VIEW $168.9 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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

BRIEF-Unifi Inc Says Valueact Spring Acquired Co's Securities Based On Belief That They Were "Undervalued"

* VALUEACT SPRING MASTER FUND - ACQUIRED UNIFI SECURITIES BASED ON BELIEF THAT THEY WERE "UNDERVALUED", REPRESENTED "ATTRACTIVE INVESTMENT OPPORTUNITY"