NYSE$UFI
Unifi Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Unifi's financial performance improved with increased net sales and operating income.
Unifi reported a slight increase in net sales and a significant improvement in operating income compared to the same quarter last year. The company's performance was driven by increased sales volumes, particularly in Asia, and a more favorable raw material cost environment.
- Net sales increased by 1.1% to $169.5 million.
- Operating income improved to $2.6 million, compared to an operating loss of $0.8 million in the second quarter of fiscal 2019.
- Net income was $0.4 million, with diluted EPS of $0.02.
- Cash and cash equivalents increased to $37.2 million.
Headline financials
Revenue & EPS history
Unifi · Revenue · Quarterly
$170M
Forward guidance
For fiscal year 2020, the company expects sales volumes to grow between 10% and 13% from fiscal 2019 levels, net sales between $700.0 million and $715.0 million, operating income between $20.0 million and $23.0 million, Adjusted EBITDA between $44.0 million and $47.0 million, capital expenditures of approximately $23.0 million, and an effective tax rate not to exceed 23%.
Tailwinds
- Sales volumes to grow between 10% and 13% from fiscal 2019 levels.
- Net sales between $700.0 million and $715.0 million.
- Operating income between $20.0 million and $23.0 million.
- Adjusted EBITDA between $44.0 million and $47.0 million.
- Capital expenditures of approximately $23.0 million.
Headwinds
- Global competition remains aggressive.
- International operations have faced some significant pricing pressures in fiscal 2020.
- Lower revenue expectations for Nylon.
- Softer-than-expected recovery.
- Guidance has been updated to reflect global competitive pricing pressures.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.3%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.4%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+24.1%
Q4 2024
Best reaction
-24.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +1.4% | +15.0% | +12.6% | |
| Q2 2026 | +10.9% | -1.0% | -3.2% | |
| Q1 2026 | -5.8% | -17.3% | -28.7% | |
| Q3 2025 | -1.0% | -7.1% | -1.4% | |
| Q2 2025 | -9.5% | -10.3% | -11.8% | |
| Q1 2025 | -10.5% | -6.3% | -18.7% | |
| Q4 2024 | +24.1% | +40.4% | +39.5% | |
| Q3 2024 | +16.1% | +7.2% | +10.5% | |
| Q2 2024 | -5.9% | -5.3% | -8.9% | |
| Q1 2024 | -10.4% | -3.4% | -3.0% | |
| Q4 2023 | -17.8% | -11.7% | -6.4% | |
| Q3 2023 | -2.6% | +0.6% | -8.4% | |
| Q2 2023 | +15.8% | +2.6% | +22.5% | |
| Q1 2023 | -24.1% | +12.2% | +15.6% | |
| Q4 2022 | -8.8% | -7.0% | -21.5% | |
| Q3 2022 | -8.8% | -5.2% | -3.6% | |
| Q2 2022 | -16.9% | -14.6% | -14.7% | |
| Q1 2022 | +4.0% | +9.6% | -0.8% | |
| Q4 2021 | +9.2% | +8.8% | +13.4% | |
| Q3 2021 | -4.7% | +1.6% | -1.4% | |
| Q2 2021 | +11.6% | +22.3% | +29.2% | |
| Q1 2021 | +18.3% | +12.7% | +19.6% | |
| Q4 2020 | -4.3% | +4.8% | +0.2% | |
| Q3 2020 | +8.0% | -1.2% | +28.4% | |
| Q2 2020 | -23.1% | -20.1% | -21.8% | |
| Q1 2020 | +14.3% | +12.2% | +1.3% | |
| Q4 2019 | +5.7% | +10.1% | +17.3% | |
| Q3 2019 | -3.3% | +3.0% | -6.7% | |
| Q2 2019 | -5.2% | +0.3% | -0.3% | |
| Q1 2019 | -4.5% | +10.1% | +16.1% | |
| Q4 2018 | +6.9% | +6.0% | +6.5% | |
| Q3 2018 | -9.7% | -14.6% | -8.0% | |
| Q2 2018 | +1.7% | -1.1% | -1.4% | |
| Q1 2018 | -0.2% | +6.4% | -0.1% | |
| Q4 2017 | +4.0% | +8.1% | +3.8% | |
| Q3 2017 | +5.3% | -0.1% | -0.6% | |
| Q2 2017 | -7.7% | -13.6% | -10.7% | |
| Q1 2017 | +0.5% | -2.2% | +11.4% | |
| Q4 2016 | -7.3% | -7.2% | -13.1% | |
| Q3 2016 | +22.8% | — | — | |
| Q2 2016 | -9.9% | — | — | |
| Q1 2016 | -7.5% | — | — | |
| Q4 2015 | -0.3% | — | — | |
| Q3 2015 | -4.9% | — | — | |
| Q2 2015 | +2.9% | — | — | |
| Q1 2015 | -11.9% | — | — | |
| Q4 2014 | +10.5% | — | — | |
| Q3 2014 | +2.6% | — | — | |
| Q2 2014 | -6.0% | — | — | |
| Q1 2014 | +2.2% | — | — | |
| Q4 2013 | +5.8% | — | — | |
| Q3 2013 | +1.9% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | +3.3% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q3 2012 | -5.5% | — | — | |
| Q3 2011 | -5.5% | — | — | |
| Q2 2011 | +1.8% | — | — | |
| Q2 2012 | +1.8% | — | — | |
| Q4 2011 | +4.3% | — | — | |
| Q1 2011 | +4.3% | — | — | |
| Q1 2012 | +4.3% | — | — | |
| Q3 2010 | -5.3% | — | — |
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