Repreve polyester yarn is made from chips that come mainly from recycled bottles. Unifi Inc.âs plant in Yadkinville is the companyâs leading recyled production site. The company represents about 8% of the private-sector workforce in Yadkin County. Journal file photo
A significant reduction in sales expenses boosted Unifi Inc. to its best net-income quarter in three years.
Unifi reported after the stock market closed Wednesday net income of $7.5 million, compared with $409,000 a year ago.
Diluted earnings were 40 cents a share, compared with 2 cents a year ago.
The average earnings forecast was 6 cents by two analysts surveyed by Zacks Investment Research. Analysts typically do not include one-time gains and charges in their forecasts.