Unifi Inc. reported a fiscal fourth-quarter net loss of $1.2 million, or 6 cents per share, compared with net income of $15.5 million, or 82 cents per share, a year earlier, which included a $35.8 million gain on a facility sale. Net sales rose 4.1 percent to $144.2 million, with Repreve Fiber products contributing $40.2 million, or 28 percent of net sales, while gross profit swung to $14.3 million from a $1.1 million loss. Selling, general and administrative expenses fell 1 percent to $11.8 million, driven by cost reduction efforts. The company also announced an agreement to sell non-strategic real estate in Yadkin County, North Carolina, for $60 million to data center operator WhiteFiber, with the transaction expected to close in the fourth quarter.
Unifi IncNarrower loss and improved margins from cost cuts, plus $60M real estate sale.
WhiteFiber, Inc. Ordinary SharesAcquiring non-strategic real estate for $60M, expanding data center operations.
