UNIFI, Inc., Makers of REPREVE®, Hosts Investor Event Today
16 Februar 2022 - 1:30PM
Business Wire
Leadership team will outline plan to reach $1.1
billion of revenue in fiscal 2025 and set long-term margin
targets
Unifi, Inc., (NYSE: UFI), makers of REPREVE® and one of the
world’s leading innovators in recycled and synthetic yarns, is
hosting an investor event today to provide long-term revenue and
margin targets and outline strategic plans for growing market
share, expanding the REPREVE brand and further developing the
Company’s existing innovative and sustainable portfolio.
Investor Day Presentation
Highlights
- Fiscal 2022 revenues are expected to surpass $800 million, and
the Company has set a goal of achieving $1.1 billion or more of
revenues in fiscal 2025.
- Strategic execution is expected to generate gross margin of 14%
to 15% and Adjusted EBITDA of $110 million or more in fiscal
2025.
- REPREVE Fiber products comprised 37% of consolidated revenues
in fiscal 2021, and management expects to achieve a 50% or more
composition by fiscal 2025.
- Management will discuss: the initial, positive results from the
installation of eAFK EvoCooler texturing machinery in its U.S.
manufacturing facilities, the installation expansion that will
cover the remaining Americas facilities in El Salvador and Brazil,
and the increase of machines to be installed in the U.S.
- The Company has set a goal of transforming a total of 50
billion plastic bottles by December 2025 after recently surpassing
30 billion plastic bottles transformed.
- Representatives from WM (formerly Waste Management), L2 Brands
and Haggar will discuss the benefits of utilizing the REPREVE
brand, process and products.
Eddie Ingle, Chief Executive Officer of Unifi, commented, “As we
celebrate 50 years of resilience and dedicated service to our
customers, we are also marking our transformation for the future
and outlining plans to achieve some significant financial
milestones. We look forward to generating further long-term value
and engaging with shareholders throughout this event.”
Financial Targets
2025 Revenue $1.1 billion or more
2025 Gross Margin 14% to 15%
2025 Adjusted EBITDA $110 million or more
A webcast of the event and the associated materials will be
available on the Investor Relations section of the Company’s
website and will be accessible for approximately 90 days.
About Unifi
Unifi, Inc. (NYSE: UFI) is a global textile solutions provider
and one of the world's leading innovators in manufacturing
synthetic and recycled performance fibers. Through REPREVE®, one of
Unifi's proprietary technologies and the global leader in branded
recycled performance fibers, Unifi has transformed more than 30
billion plastic bottles into recycled fiber for new apparel,
footwear, home goods and other consumer products. Unifi continually
innovates technologies to meet consumer needs in moisture
management, thermal regulation, antimicrobial protection, UV
protection, stretch, water resistance and enhanced softness. Unifi
collaborates with many of the world's most influential brands in
the sports apparel, fashion, home, automotive and other industries.
For more information about Unifi, visit www.Unifi.com.
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Alpha IR Group Davis Snyder 312-445-2870
UFI@alpha-ir.com
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