Unifi Income Up 53% in Third Quarter

Driven by strong polyester yarn sales in North and Central America, Unifi Inc., the Greensboro, N.C.-based yarn spinner, reported net income increased 53 percent to $10 million, or 55 cents a share, in the third quarter ended March 29. The devaluation of the Brazilian real adversely affected net sales and was the principal driver of a 3.8 percent net sales decrease to $170.5 million in the quarter. Higher consolidated sales volumes, as well as higher margins in the Polyester and International Segments, helped yield the strong operating results for the quarter. RELATED CONTENT: WWD Earnings Tracker >> “Growth in textured polyester yarn in the NAFTA and CAFTA regions, along with greater demand for our premier value-added yarns in all regions, helped drive our strong operating results in the quarter and for the fiscal year to date,” said Roger Berrier, president and chief operating officer of Unifi. “We recently expanded the production capacity of our texturing operations, and based on the continued success and growth of Repreve, we will be expanding our Repreve Recycling Center and also installing a state-of-the-art plastic bottle processing facility over the next 12 to 15 months.” Unifi said textured polyester sales increased 7 percent. The company reported gross profit improved

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