Unifi, Inc. (UFI) Tops Q3 EPS by 3c
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Unifi Announces Third Quarter 2016 Results
April 20, 2016 5:39 PM EDTGREENSBORO, N.C., April 20, 2016 /PRNewswire/ -- Unifi, Inc. (NYSE: UFI) today released preliminary operating results for the third quarter ended March 27, 2016.Â
Third Quarter Highlights:
Gross margin, as a percentage of sales, strengthened to 14.5%, compared to 12.8% in the prior year quarter; Operating Income climbed to $10.0 million compared to $9.0 million in the prior year quarter; Net cash provided by operating activities nearly doubled to $38.2 million for the nine months ended March 27, 2016, up from $19.7 million in the prior year period; The Company remains on track with capital... More