Unifi, Inc. (UFI) Tops Q2 EPS by 8c, Beats on Revenues; 'Raising Top-Line Expectations'

Unifi, Inc. (NYSE: UFI) reported Q2 EPS of $0.43, $0.08 better than the analyst estimate of $0.35. Revenue for the quarter came in at $167.5 million versus the consensus estimate of $159.17 million.

Second Quarter Fiscal 2018 Highlights

• Net sales increased $12.3 million, or 7.9%, to $167.5 million, compared to $155.2 million for the second quarter of fiscal 2017, and increased $11.4 million, or 7.4%, when excluding the impact of foreign currency translation;
• Revenues from premium value-added (\"PVA\") products grew more than 20% compared to the second quarter of fiscal 2017, and represented more than 45% of consolidated net sales;
• Gross margin of 13.5%, compared to 14.3% for the second quarter of fiscal 2017;
• Operating income of $7.8 million, compared to $9.0 million for the second quarter of fiscal 2017;
• Diluted EPS of $0.63, compared to $0.25 for the second quarter of fiscal 2017, and Adjusted EPS of $0.43, compared to $0.34 for the second quarter of fiscal 2017; and
• Fiscal 2018 outlook is updated by raising top-line expectations and adjusting operating income and earnings guidance to reflect higher costs.

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

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