Revenue goals and strides in sustainability were highlights of Unifi’s Investor Day event earlier this month.
Unifi Forecasts $1.1B in Revenue in Fiscal 2025
February 22, 2022
By
Emily Walzer
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Unifi Forecasts $1.1B in Revenue in Fiscal 2025
Revenue goals and strides in sustainability were highlights of Unifi’s Investor Day event earlier this month.
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Earlier this month Unifi’s leadership team shared that 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.
Other highlights from Unifi’s investor day events include:
- Strategic execution is expected to generate a gross margin of 14 percent to 15 percent and Adjusted EBITDA of $110 million or more in fiscal 2025.
- REPREVE Fiber products comprised 37 percent of consolidated revenues in fiscal 2021, and management expects to achieve a 50 percent or more composition by fiscal 2025.
- The company has set a goal of transforming a total of 50 billion plastic bottles by December 2025 after recently surpassing the 30 billion mark.
Leadership also noted the positive results from the installation of eAFK EvoCooler texturing machinery in its U.S. manufacturing facilities, an 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.
A webcast of the Unifi-hosted event is currently available on the Investor Relations section of the company’s website here: https://www.webcast-eqs.com/unifi20220216_en/en
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