Unifi, Inc. Reports Earnings Results for the Second Quarter Ended December 27, 2020
January 27, 2021 at 04:30 pm
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Unifi, Inc. announced earnings results for the second quarter ended December 27, 2020. For the second quarter, the company announced sales was USD 162.776 million compared to USD 169.511 million a year ago. Operating income was USD 13.092 million compared to USD 2.561 million a year ago. Net income was USD 7.464 million compared to USD 409,000 a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.02 a year ago. For the half year, sales was USD 304.281 million compared to USD 349.460 million a year ago. Operating income was USD 15.998 million compared to USD 8.907 million a year ago. Net income was USD 10.896 million compared to USD 4.121 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 0.22 a year ago.
Unifi, Inc. is a multinational company. The Company manufactures and sells recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets. It operates through three segments: Americas, Asia, and Brazil. The Americas and Asia segments primarily sell recycled and synthetic products to yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets principally in North and Central America, Asia and Europe. The Brazil Segment sells recycled and synthetic products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in Brazil. It offers polyester and nylon products, and recycled solutions.
UNIFI, INC. 
