UFI

UNIFI®, Makers of REPREVE®, Commits to Transforming the Equivalent of 1.5 Billion T-Shirts Worth of Textile and Yarn Waste by FY2030 in New Sustainability Snapshot

Retrieved on: 
Wednesday, February 28, 2024

UNIFI, Inc. (NYSE: UFI ) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today released its Sustainability Snapshot for FY2023.

Key Points: 
  • UNIFI, Inc. (NYSE: UFI ) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today released its Sustainability Snapshot for FY2023.
  • The Snapshot shares impactful updates on UNIFI’s innovative sustainability mission, waste reduction achievements, and future goals.
  • With its release, UNIFI debuted its pioneering T-shirt equivalent metric and set an ambitious textile-to-textile recycling target to transform the equivalent of 1.5 billion T-shirts worth of textile and yarn waste into new products by FY2030.
  • The Snapshot has been guided by the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks.

UFI and PARAMETA Announce Strategic Partnership to Advance Blockchain Solutions for Real-World Assets

Retrieved on: 
Tuesday, February 6, 2024

SINGAPORE, Feb. 6, 2024 /PRNewswire/ -- UFI, a renowned fintech firm operating in the blockchain industry, and PARAMETA, a leading blockchain software solution provider in Korea, are excited to announce a strategic partnership aimed at revolutionizing the world of blockchain technology.

Key Points: 
  • SINGAPORE, Feb. 6, 2024 /PRNewswire/ -- UFI, a renowned fintech firm operating in the blockchain industry, and PARAMETA, a leading blockchain software solution provider in Korea, are excited to announce a strategic partnership aimed at revolutionizing the world of blockchain technology.
  • As a web3-enabler, PARAMETA provides core blockchain products that encompass wallets, NFTs, and Layer 1 blockchain solutions.
  • UFI and PARAMETA will pool their resources and expertise to create cutting-edge products and services designed to bridge the gap between traditional assets and blockchain technology.
  • "We are excited about this partnership with PARAMETA," said Sean Kim, CEO at UFI.

UNIFI®, Makers of REPREVE®, Announces Profitability Improvement Plan and Leadership Promotions

Retrieved on: 
Wednesday, January 31, 2024

Additionally, the transformation of our sales processes will serve as a direct catalyst to improve gross margins and operational efficiencies.

Key Points: 
  • Additionally, the transformation of our sales processes will serve as a direct catalyst to improve gross margins and operational efficiencies.
  • Collectively these actions will better prepare the business to deliver stronger results as our industry pivots to growth in calendar 2024.
  • The Board and I are thrilled to complete the leadership appointments and promotions, as they will make strong impacts on their respective teams and help drive the future growth of our Company.”
    UNIFI began the implementation of an extensive Profitability Improvement Plan in December 2023.
  • The second part of the Profitability Improvement Plan is focused on gross margin expansion initiatives through a transformation of the Company’s sales process.

UNIFI®, Makers of REPREVE®, Announces Second Quarter Fiscal 2024 Results

Retrieved on: 
Wednesday, January 31, 2024

Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today released operating results for the second fiscal quarter ended December 31, 2023.

Key Points: 
  • Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today released operating results for the second fiscal quarter ended December 31, 2023.
  • Net sales were $136.9 million, an increase of 0.5% from the second quarter of fiscal 2023, driven by higher sales volumes that were muted by lower pricing in response to lower raw material costs.
  • Adjusted EBITDA, which also excludes $5.1 million of restructuring costs, was ($5.5) million, compared to ($13.0) million for the second quarter of fiscal 2023.
  • Additionally, UNIFI expects sequential improvement from the third quarter to the fourth quarter of fiscal 2024.

UNIFI, Makers of REPREVE®, Schedules Second Quarter Fiscal 2024 Earnings Conference Call

Retrieved on: 
Wednesday, January 24, 2024

Unifi, Inc. (NYSE: UFI), (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, will host a conference call at 8:30 a.m., Eastern Time, on Thursday, February 1, 2024, to discuss its second quarter fiscal 2024 financial results.

Key Points: 
  • Unifi, Inc. (NYSE: UFI), (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, will host a conference call at 8:30 a.m., Eastern Time, on Thursday, February 1, 2024, to discuss its second quarter fiscal 2024 financial results.
  • The second quarter fiscal 2024 financial results and supporting materials will be available after the close of market trading on Wednesday, January 31, 2024 on the Company’s website at http://investor.unifi.com .
  • The conference call can be accessed approximately 10 minutes prior to the beginning of the call by dialing (800) 715-9871 (Domestic) or (646) 307-1963 (International) and, when prompted, providing conference ID number 5079644.
  • There will also be a live audio webcast of the call, which can be accessed on the Company’s website at http://investor.unifi.com .

Exhibition World Bahrain Secures "World’s Leading New Exhibition and Convention Centre 2023" Award at World Travel Awards 2023

Retrieved on: 
Sunday, December 3, 2023

DUBAI, United Arab Emirates, Dec. 03, 2023 (GLOBE NEWSWIRE) -- Exhibition World Bahrain (EWB), the Middle East’s newest and largest exhibition and convention centre, is proud to announce securing the “World’s Leading New Exhibition and Convention Centre 2023” at the World Travel Awards 2023.

Key Points: 
  • DUBAI, United Arab Emirates, Dec. 03, 2023 (GLOBE NEWSWIRE) -- Exhibition World Bahrain (EWB), the Middle East’s newest and largest exhibition and convention centre, is proud to announce securing the “World’s Leading New Exhibition and Convention Centre 2023” at the World Travel Awards 2023.
  • Exhibition World Bahrain captured the highest number of votes, clinching the internationally recognised award from Bharat Mandapam, India, and Tākina Wellington Convention and Exhibition centre, New Zealand.
  • Winning the “World’s Leading New Exhibition and Convention Centre 2023” award coincides with EWB’s 1st anniversary and celebrates a remarkable set of milestones.
  • Additionally, EWB will host the 29th edition of Routes World, one of the world’s biggest civil aviation expos, for the first time in Bahrain.

UNIFI®, Makers of REPREVE®, Announces First Quarter Fiscal 2024 Results

Retrieved on: 
Wednesday, November 1, 2023

Net sales were $138.8 million, a decrease of 22.7% from the first quarter of fiscal 2023, primarily due to weak apparel demand from brands and retailers.

Key Points: 
  • Net sales were $138.8 million, a decrease of 22.7% from the first quarter of fiscal 2023, primarily due to weak apparel demand from brands and retailers.
  • Gross loss was $0.6 million, gross margin was (0.4)%, and each was adversely impacted by lower apparel demand.
  • UNIFI expects second quarter fiscal 2024 net sales, Adjusted EBITDA, and capital expenditures to be generally consistent with first quarter fiscal 2024 results, and the effective tax rate is expected to demonstrate continued volatility.
  • UNIFI will provide additional commentary regarding its first quarter 2024 results and other developments during its earnings conference call on November 2, 2023, at 9:00 a.m., Eastern Time.

UNIFI, Makers of REPREVE®, Schedules First Quarter Fiscal 2024 Earnings Conference Call

Retrieved on: 
Wednesday, October 25, 2023

Unifi, Inc. (NYSE: UFI), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, will host a conference call at 9:00 a.m., Eastern Time, on Thursday, November 2, 2023, to discuss its first quarter fiscal 2024 financial results.

Key Points: 
  • Unifi, Inc. (NYSE: UFI), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, will host a conference call at 9:00 a.m., Eastern Time, on Thursday, November 2, 2023, to discuss its first quarter fiscal 2024 financial results.
  • The first quarter fiscal 2024 financial results and supporting materials will be available after the close of market trading on Wednesday, November 1, 2023 on the Company’s website at http://investor.unifi.com .
  • The conference call can be accessed approximately 10 minutes prior to the beginning of the call by dialing (800) 715-9871 (Domestic) or (646) 307-1963 (International) and, when prompted, providing conference ID number 7752997.
  • There will also be a live audio webcast of the call, which can be accessed on the Company’s website at http://investor.unifi.com .

The 9th AGRO-Chengdu Will Be Held in Chengdu on October 27-30, 2023

Retrieved on: 
Wednesday, October 25, 2023

CHENGDU, China, Oct. 25, 2023 /PRNewswire/ -- On October 27-30, 2023, the 9th AGRO-Chengdu will be held along with the 9th Sichuan Agricultural Expo in Chengdu, Sichuan, China. Within 140,000-sqm exhibition space, more than 2,000 exhibitors along the whole industrial chain will exhibit their products and technologies. It will be a high-quality open event for agricultural exchange and cooperation. As we known, Sichuan is the hometown of giant pandas, and their favorite honey will be offered for taste on the site.

Key Points: 
  • CHENGDU, China, Oct. 25, 2023 /PRNewswire/ -- On October 27-30, 2023, the 9th AGRO-Chengdu will be held along with the 9th Sichuan Agricultural Expo in Chengdu, Sichuan, China.
  • Within 140,000-sqm exhibition space, more than 2,000 exhibitors along the whole industrial chain will exhibit their products and technologies.
  • As we known, Sichuan is the hometown of giant pandas, and their favorite honey will be offered for taste on the site.
  • We sincerely invite institutions, associations, and enterprises in various industries to Chengdu, China to participate in this event for cooperation and progress.

The 9th AGRO-Chengdu Will Be Held in Chengdu on October 27-30, 2023

Retrieved on: 
Wednesday, October 25, 2023

CHENGDU, China, Oct. 25, 2023 /PRNewswire/ -- On October 27-30, 2023, the 9th AGRO-Chengdu will be held along with the 9th Sichuan Agricultural Expo in Chengdu, Sichuan, China. Within 140,000-sqm exhibition space, more than 2,000 exhibitors along the whole industrial chain will exhibit their products and technologies. It will be a high-quality open event for agricultural exchange and cooperation. As we known, Sichuan is the hometown of giant pandas, and their favorite honey will be offered for taste on the site.

Key Points: 
  • CHENGDU, China, Oct. 25, 2023 /PRNewswire/ -- On October 27-30, 2023, the 9th AGRO-Chengdu will be held along with the 9th Sichuan Agricultural Expo in Chengdu, Sichuan, China.
  • Within 140,000-sqm exhibition space, more than 2,000 exhibitors along the whole industrial chain will exhibit their products and technologies.
  • We sincerely invite institutions, associations, and enterprises in various industries to Chengdu, China to participate in this event for cooperation and progress.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/the-9th-agro-chengdu-will-be-he...
    SOURCE Chengdu New East Exhibition Co., Ltd.