Unifi, Inc. New (UFI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

During this call, management will be referencing a webcast presentation that can be found in the investor relations section of Unify.com. Please familiarize yourself with page two of the slide deck for cautionary statements and non-gap measures. Today's conference is being recorded and all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. Our speakers are listed on page three of today's presentation and include Al Carey, Executive Chairman, Eddie Ingle, Chief Executive Officer, A.G. Ecker, Chief Financial Officer. I will now turn the call over to Al Carey. Please turn to page four of the presentation. You may begin. Thank you. Well, good morning everyone and thanks for joining our call this morning. I'm happy to report that we're beginning to see results in our business that are coming from a major effort that began one year ago, which is essentially resetting our cost base in North America business. The closing of the Madison facility and the reduction of costs across the board have created clear operating improvements that are going to allow us to make healthy profits on a much smaller sales level. Now a couple of highlights and AJ will go into more details on these later on. We're pleased to see improved profit margins, improved free cash flow. We have dramatically improved our inventory turns and it's probably best we've seen in recent history. We have 25% fewer people in North America and our plant efficiencies have come way up from the summertime. now that all the changes are behind us in our Yadkinville facility and also the closing of the Madison facility. AJ will take you through the details of these business results in a moment, but we finally have actions behind us now ...