UNIFI INC

UNIFI, Inc.

What the company does

• Multinational textile materials company (New York corporation, formed in 1969) that manufactures and sells recycled and synthetic products made from polyester and nylon.
• Primary products include virgin and recycled polyester and nylon fibers and yarns:
  • POY (partially oriented yarn)
  • Textured, solution-dyed, package-dyed, twisted, beamed, draw-wound yarns
  • Flake (plastic bottle flake) and Chip (polyester polymer beads) for recycled solutions
  • Nylon textured and spandex-covered yarns, with REPREVE branding

Products and brands

• REPREVE: flagship recycled fiber platform (staple fiber, filament, nylon staple, nylon filament) plus REPREVE Chip
• REPREVE Takeback and ThermaLoop insulation

Business model and capabilities

• Combines proprietary brands, high-quality manufacturing, certifications, and co-marketing to support customers across the textile value chain. End markets include apparel, hosiery, home furnishings, automotive, industrial, and medical.
• Asset-light manufacturing in Asia through contract manufacturing with local partners, and owned/operated facilities in the Americas and Brazil.
• Owns numerous trademarks, including REPREVE. Licenses Dacron® and SofTec™ from INVISTA.
• Emphasizes transparency, traceability, and certifications for REPREVE products.

Segments and geography

• Three reportable segments by primary distribution geography:
  • Americas Segment (U.S., El Salvador, Colombia)
  • Brazil Segment (Brazil)
  • Asia Segment (Asia; asset-light; sourcing from third parties)
• The Americas, Brazil, and Asia supply yarn manufacturers, knitters, and weavers that serve global fabric end-uses.
• Ongoing supply chain diversification and regional programs for compliant yarns under regional FTAs and the Berry Amendment.

Customers

• Customer counts by segment:
  • Americas: ~430 customers
  • Brazil: ~370 customers
  • Asia: ~510 customers
• Top 10 direct customers accounted for about 29% of consolidated net sales in fiscal 2026 and about 30% of receivables as of June 28, 2026.
• Some customers and brand partners drive ongoing programs; no single customer accounted for more than 10% of consolidated net sales.

Revenue and profitability

• REPREVE Fiber sales by year and share of net sales:
  • 2026: $157,428 (30% of consolidated net sales)
  • 2025: $174,855 (31% of consolidated net sales)
  • 2024: $188,517 (32% of consolidated net sales)
• Implied consolidated net sales based on the above percentages:
  • 2026: ≈ $524,760
  • 2025: ≈ $564,046
  • 2024: ≈ $589,116
• End-market distribution of net sales (approximate for fiscal 2026):
  • Apparel (including hosiery and footwear): ~54%
  • Industrial (medical, belting, tapes, filtration, ropes, etc.): ~13%
  • Furnishings (contract and home furnishings): ~13%
  • Automotive: ~6%
  • All other markets: ~14%
• Focus on sustainability, performance, and innovative textile technologies.
• Aims to improve margins and cash flow through cost reductions, manufacturing optimization, portfolio diversification, and disciplined capital management.

Employees

• Approximately 2,400 employees company-wide as of June 28, 2026.
  • Americas Segment: ~1,430
  • Brazil Segment: ~800
  • Asia Segment: ~90
  • Corporate/Other: ~80

Capital investments and capital management

• Historical capital expenditures (2021–2023) upgraded Americas and Brazil yarn texturing machinery (eAFK Evo) to improve efficiency.
• 2024–2025: contract modifications and terminations related to the equipment project; remaining activities postponed to 2025–2027 to improve liquidity and align capex with consolidation of yarn manufacturing.
• 2027 expected capex: $7,000–$9,000 (primarily routine maintenance; expansion outside the Americas under evaluation).
• Share repurchase program (2018 SRP): up to $50,000 authorized. As of June 28, 2026, 701 shares repurchased at an average price of $15.90; $38,859 remaining under the program.
• Primary liquidity sources: cash flow from operations and borrowings under a credit facility.

Other business characteristics

• Product customization and manufacturing: strong regional footprint in the Americas with proximity to brands; Asia uses an asset-light model with contract manufacturing; cross-regional capabilities and certification programs support global supply chains.
• Raw materials and sourcing: primary inputs include virgin and recycled polyester/nylon polymers, Chip/Flake, dyes, and chemicals. Key suppliers include NanYa (Americas for virgin Chip/POY) and Reliance Industries (Brazil for POY). Pricing remains sensitive to raw material and energy costs.
• Market positioning: emphasis on Compliant Yarns under regional trade agreements (USMCA/NAFTA, CAFTA-DR) and Berry Amendment compliance as a competitive advantage in the Americas.
• Environmental and sustainability emphasis: the REPREVE brand and recycling platforms support growth in recycled fiber solutions and ongoing sustainability-related product development.

Other organizational facts

• Corporate headquarters: Greensboro, North Carolina.
• Global footprint includes operating facilities in the U.S., El Salvador, Colombia, Brazil, and Asia (China), with sales offices in China, Turkey, Hong Kong, and India.
• Intellectual property and branding are central to value creation, with emphasis on brand protection, licensing agreements, and proprietary processes.

Notes

• The information above reflects data presented in UNIFI, Inc.’s disclosures as of June 28, 2026, including segment data, REPREVE Fiber sales, customer counts, employee counts, and capital programs. No forward-looking hypotheses or speculative projections are included beyond what is stated in the source document.