Print
Email
Unifi Inc. (UFI) filed Quarterly Report for the period ended 2011-12-25.
Unifi Inc. has a market cap of $170.7 million; its shares were traded at around $8.5 with a P/E ratio of 9.1 and P/S ratio of 0.3.
This is the annual revenues and earnings per share of UFI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of UFI.
Highlight of Business Operations:
The polyester segment net sales and gross profit, as a percentage of total consolidated amounts, were 56.9% and 20.8% for the second quarter of fiscal year 2012, compared to 52.8% and 40.1% for the second quarter of fiscal year 2011.For the three months ended December 25, 2011, earnings from the Company s unconsolidated affiliates were $844 compared to $5,039 for the three months ended December 26, 2010. During these periods, the Company s 34% share of PAL s earnings decreased from $4,424 to $667 due to the timing of revenue recognition under the terms of the cotton rebate program, increased cotton futures losses and lower sales volume which was primarily due to customer holiday shutdowns and continued inventory destocking efforts by customers that were caused by rising cotton costs and lower demand in the U.S. apparel supply chain. The remaining decrease in the earnings of unconsolidated affiliates relates to lower operating results for UNF and UNF America which were due to decreased sales volume and lower capacity utilization.
The polyester segment net sales and gross profit, as a percentage of total consolidated amounts, were 55.5% and 26.2% for the year-to-date period of fiscal year 2012, compared to 50.8% and 37.7% for the prior year-to-date period of fiscal year 2011.
The nylon segment net sales and gross profit, as a percentage of total consolidated amounts, were 23.6% and 39.1% for the year-to-date period of fiscal year 2012, compared to 24.0% and 26.6% for the prior year-to-date period of fiscal year 2011.
For the six months ended December 25, 2011, earnings from the Company s unconsolidated equity affiliates was $4,303 compared to $13,990 for the six months ended December 26, 2010. During these periods, the Company s 34% share of PAL s earnings decreased from $13,057 to $4,494 primarily due to the timing of revenue recognition under the terms of the cotton rebate program and lower sales volume which was primarily due to the timing associated with customer holiday shutdowns but also due to the customer inventory destocking efforts that were caused by rising cotton costs and lower demand in the U.S. apparel supply chain. The remaining decrease in the earnings of unconsolidated affiliates relates primarily to lower operating results of UNF and UNF America which was primarily driven by decreased sales volume and lower capacity utilization.
Subscribe RSS
