Unifi, Inc. (UFI) Misses Q3 EPS by 21c, Revenues Beat; Provides FY19 Outlook
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Unifi Announces Third Quarter Fiscal 2019 Results and Provides Update on Recent Trade Petitions
May 1, 2019 7:00 AM EDTGREENSBORO, N.C., May 1, 2019 /PRNewswire/ -- Unifi, Inc. (NYSE: UFI), one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the third fiscal quarter ended March 31, 2019 and provided an update on recent trade petitions relating to imports of polyester textured yarn.
Third Quarter Fiscal 2019 Overview
Net sales increased to $180.0 million from $165.9 million for the third quarter of fiscal 2018. Revenues from premium value-added ("PVA") products grew 13.5% compared to the third quarter of fiscal 2018 and represented approximately 47% of consolidated net sales.... More