Ingle

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®, 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®, Announces Fourth Quarter and Fiscal 2023 Results

Retrieved on: 
Wednesday, August 23, 2023

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 fourth fiscal quarter and fiscal year ended July 2, 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 fourth fiscal quarter and fiscal year ended July 2, 2023.
  • Eddie Ingle, Chief Executive Officer of Unifi, said, “Our fourth quarter fiscal 2023 results reflect continued demand instability across apparel and textile supply chains, which were once again impacted by low levels of brand and retailer demand.
  • UNIFI expects first quarter fiscal 2024 net sales and Adjusted EBITDA to be generally consistent with fourth quarter fiscal 2023 results.
  • UNIFI will provide additional commentary regarding its fourth quarter and fiscal 2023 results and other developments during its earnings conference call on August 24, 2023, at 8:30 a.m., Eastern Time.

UNIFI®, Makers of REPREVE®, Announces Third Quarter Fiscal 2023 Results

Retrieved on: 
Wednesday, May 3, 2023

Eddie Ingle, Chief Executive Officer of Unifi, said, “Our third quarter fiscal 2023 performance increased sequentially as apparel supply chain destocking trends lessened and global demand began to improve.

Key Points: 
  • Eddie Ingle, Chief Executive Officer of Unifi, said, “Our third quarter fiscal 2023 performance increased sequentially as apparel supply chain destocking trends lessened and global demand began to improve.
  • While volume trends continue to fluctuate due to macro-economic volatility, we are seeing overall positive momentum and expect further recovery as we end fiscal 2023 and begin fiscal 2024.
  • The demand for apparel production declined in fiscal 2023 as brands and retailers took actions to reduce their inventory levels and normalize supply chains.
  • UNIFI expects fourth quarter fiscal 2023 results to be generally consistent with third quarter fiscal 2023 results for net sales and Adjusted EBITDA.

UNIFI®, Makers of REPREVE®, Provides Business Update and Schedules Third Quarter Fiscal 2023 Earnings Conference Call

Retrieved on: 
Monday, April 24, 2023

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 announced preliminary results for its third fiscal quarter ended April 2, 2023 and scheduled its third quarter fiscal 2023 earnings conference call.

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 announced preliminary results for its third fiscal quarter ended April 2, 2023 and scheduled its third quarter fiscal 2023 earnings conference call.
  • Eddie Ingle, Chief Executive Officer of UNIFI, said, “We are very pleased with our sales and profitability results in the third fiscal quarter, which demonstrate significant sequential recovery in our financial metrics and underlying business momentum.
  • UNIFI will host a conference call at 8:30 a.m., Eastern Time, on Thursday, May 4, 2023, to discuss its third quarter fiscal 2023 financial results.
  • The third quarter fiscal 2023 financial results and supporting materials will be available after the close of market trading on Wednesday, May 3, 2023 on UNIFI’s website at http://investor.unifi.com .

Impact Washington - NIST MEP Announces Promotion of Jessica Ingle to Chief Operating Officer

Retrieved on: 
Thursday, April 13, 2023

BOTHELL, Wash., April 12, 2023 /PRNewswire/ -- Impact Washington, an affiliate of the National Institute of Standards and Technology's Manufacturing Extension Program (NIST MEP), is excited to announce the promotion of Jessica Ingle to Chief Operating Officer. Ingle has been in the manufacturing industry for over 18 years, most recently serving as Impact Washington's Deputy Director.

Key Points: 
  • BOTHELL, Wash., April 12, 2023 /PRNewswire/ -- Impact Washington , an affiliate of the National Institute of Standards and Technology's Manufacturing Extension Program (NIST MEP), is excited to announce the promotion of Jessica Ingle to Chief Operating Officer.
  • Ingle has been in the manufacturing industry for over 18 years, most recently serving as Impact Washington's Deputy Director.
  • Her first "real job" was at Impact Washington, and her passion for the mission never wavered — it continues to grow.
  • I'm grateful for the tremendous opportunities Impact Washington has provided me throughout my career and aim to champion aspiring women in the manufacturing industry."

UNIFI®, Makers of REPREVE®, Announces Second Quarter Fiscal 2023 Results

Retrieved on: 
Wednesday, February 1, 2023

Operating loss was $19.8 million compared to operating income of $4.6 million for the second quarter of fiscal 2022.

Key Points: 
  • Operating loss was $19.8 million compared to operating income of $4.6 million for the second quarter of fiscal 2022.
  • Adjusted Net Loss was $21.8 million compared to $0.9 million of Adjusted Net Income for the second quarter of fiscal 2022.
  • Adjusted EBITDA was ($13.0) million compared to $10.9 million for the second quarter of fiscal 2022.
  • Eddie Ingle, Chief Executive Officer of Unifi, said, “Our second quarter fiscal 2023 performance was significantly impacted by a sequential decline in apparel production beyond our prior expectations.

UNIFI®, Makers of REPREVE®, Provides Business Update and Schedules Second Quarter Fiscal 2023 Earnings Conference Call

Retrieved on: 
Thursday, January 19, 2023

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 announced preliminary results for its second fiscal quarter ended January 1, 2023 and scheduled its second quarter fiscal 2023 earnings conference call.

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 announced preliminary results for its second fiscal quarter ended January 1, 2023 and scheduled its second quarter fiscal 2023 earnings conference call.
  • In response to these temporary challenges, we executed a number of cost controls, and other savings measures are ongoing.
  • UNIFI will host a conference call at 8:30 a.m., Eastern Time, on Thursday, February 2, 2023, to discuss its second quarter fiscal 2023 financial results.
  • The second quarter fiscal 2023 financial results and supporting materials will be available after the close of market trading on Wednesday, February 1, 2023 on UNIFI’s website at http://investor.unifi.com .

Huntington Learning Center Experiences Immense Growth as Tutoring Demand Surges, Highlights Franchisee Success in Local Markets

Retrieved on: 
Thursday, December 16, 2021

"October 2021 proved to be the best month for business in my five-year span of owning my Huntington Learning Center business," said Ingle.

Key Points: 
  • "October 2021 proved to be the best month for business in my five-year span of owning my Huntington Learning Center business," said Ingle.
  • Cheri Reid, Huntington Learning Center owner and operator in Skokie, Illinois, speaks on her center's ability to maintain operations during the pandemic.
  • This alone makes Huntington Learning Center unique in an industry that tends to deliver a one-size-fits-all approach.
  • Huntington Learning Center is the nation's leading tutoring and test prep provider offering customized programs in-person, online, and hybrid options.