Unifi Q4 revenue rises on Brazil segment sales
Unifi Q4 revenue rises on Brazil segment sales
Overview
U.S. recycled yarn maker's fiscal Q4 revenue rose 4%, driven by Brazil segment sales
Company posted net loss after prior-year profit included large asset sale gain
Unifi agreed to sell non-strategic real estate for $60 mln to boost financial flexibility
Outlook
Unifi expects fiscal 2027 sales and profitability to improve from fiscal 2026
Company sees Brazil Segment sales and profitability improving in the first qtr of fiscal 2027
Company expects Asia Segment to remain pressured due to regional softness and geopolitical volatility
Result Drivers
BRAZIL SEGMENT SALES - Higher sales in Brazil drove most of the Q4 revenue increase
COST REDUCTION INITIATIVES - Multi-year cost reduction efforts improved gross profit, especially in the Americas segment
FAVORABLE PRICING IN BRAZIL - Brazil segment gross profit rose due to favorable pricing dynamics
Company press release: ID:nBw2YBXTXa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| $144.2 mln | $139.75 mln (1 Analyst) |
Q4 Loss Per Share |
| $0.06 |
|
Q4 Net Loss |
| $1.2 mln |
|
Q4 Adjusted EBITDA |
| $8.2 mln |
|
Q4 Operating Income |
| $2.4 mln |
|
Q4 Pretax Profit |
| $1.3 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Unifi Inc is $12.00, about 53.3% above its August 19 closing price of $7.83
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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