Unifi, Inc. (UFI) Tops Q1 EPS by 18c

October 27, 2016 8:22 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Unifi, Inc. (NYSE: UFI) reported Q1 EPS of $0.51, $0.18 better than the analyst estimate of $0.33. Revenue for the quarter came in at $160 million versus the consensus estimate of $156.52 million.

"I am pleased to report strong first quarter results, which reflect the success of our strategy of providing the highest-quality innovative and sustainable products for our customers around the world," said Tom Caudle, President of Unifi. "We are especially pleased with the performance of our international operations in Asia and Brazil where we experienced growth that offset soft market conditions in our domestic business. The opening of the REPREVEĀ® Bottle Processing Center marked the completion of a significant leg of our capital allocation program. By investing for the future, we will be capable of producing 75 million pounds of plastic bottle flake annually, enhancing our support of REPREVEĀ®."

For earnings history and earnings-related data on Unifi, Inc. (UFI) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Management Comments

Related Entities

Earnings

Add Your Comment