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Unifi, Inc., a New York corporation formed in 1969 (together with its subsidiaries, UNIFI, the Company, we, us, or our ), is a multinational company that manufactures and sells innovative recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers (UNIFI s direct customers ) that produce yarn and/or fabric for the apparel, hosie…
The business is unprofitable at the operating level (-1.67% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 1.9% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$32M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$526M
▼ -1.9% YoY
Net Income (TTM)
-$8M
▲ +57.1% YoY
Op. Margin
-0.36%
▲ +4.8pp YoY
ROIC
-0.42%
▲ +6.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$17M
▼ -249.6% YoY
Op. Cash Flow (TTM)
$23M
▼ -1118.7% YoY
Net Debt
$85M
Cash & Equiv.
$27M
5Y CAGR: -1.2%
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