UNIFI INC
unifi.comUnifi, Inc. (NYSE: UFI) is a textile manufacturing company that produces and sells recycled and synthetic yarns made from polyester and nylon. Revenue comes from transactional sales of yarn products to direct customers, primarily other yarn manufacturers, knitters, and weavers. The company operates across three geographic segments: Americas, Brazil, and Asia. Founded in 1969 as a New York corporation, Unifi serves approximately 480 customers in its Americas Segment, 360 in Brazil, and 540 in Asia as of FY2025. Net sales were $571.3 million in FY2025, down from $582.2 million in FY2024 and $623.5 million in FY2023. The company has posted net losses in each of FY2023, FY2024, and FY2025, with a net loss of $20.3 million in FY2025. No single direct customer accounts for 10% or more of consolidated net sales. Key branded products include REPREVE, a recycled fiber line produced at the company's REPREVE Recycling Center using post-consumer plastic bottles.
Products & Services
Polyester products including POY, textured yarn, solution-dyed yarn, package-dyed yarn, twisted yarn, beamed yarn, draw-wound flat yarn, and covered yarn using spandex cores. Nylon products sourced partly through joint venture UNFA (50% owned). Recycled fiber products under the REPREVE brand made from post-consumer plastic bottles. Compliant Yarns eligible for CAFTA-DR trade benefits. Newer platform products including Textile Takeback and Thermaloop insulation.
Revenue Model
Transactional product sales of polyester and nylon yarn, including partially oriented yarn (POY), textured yarn, dyed yarn, twisted yarn, and covered yarns. Asian subsidiaries operate under an asset-light contract manufacturing model. No subscription or royalty revenue is disclosed in the FY2025 10-K.
Customers & Markets
Direct customers are yarn manufacturers, knitters, and weavers. Indirect customers (brand partners) operate in apparel, hosiery, home furnishings, automotive, industrial, and medical end markets. Consolidated net sales are not materially dependent on any single customer; no single direct customer exceeded 10% of net sales in FY2025. Americas Segment serves approximately 480 customers, Brazil Segment approximately 360, and Asia Segment approximately 540 as of FY2025.
Geographic Exposure
Operations in the United States, El Salvador, Colombia, Brazil, and Asia. U.S., El Salvador, and Colombia operations qualify under CAFTA-DR. Brazil is a separate operating segment facing competition from commodity yarn imports. Asian subsidiaries source recycled materials from various countries throughout Asia.
Financial Snapshot
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