Unifi, Inc. New (UFI) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for attending Unify's third quarter fiscal 2026 earnings conference call. 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 that slide deck for cautionary statements and non-gap measures. Today's conference is being recorded and all lines has 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.J. Ecker, Chief Financial Officer. I will now turn the call over to Al Carey. Please turn to page four of the presentation. Thank you. Good morning, everyone, and thanks for joining our call. We're pleased to report that our year-long effort to reduce our cost base and improve cash generation is providing results. As a matter of fact, we're a bit ahead of expectations for Q3. AJ is going to take you through the full story in a few minutes, but here are the three top headlines. The Madison plant closure is complete. Number two, the much improved efficiencies in our current plant, and three, we've optimized our product lines and SKUs so that we don't have products that contribute no profitability to our lineup. These actions set us up for improved profitability, especially as revenue begins to pick up and we're able to see higher levels of capacity utilization. There was one area that did not see a reduction in costs over the last 12 months, and that was the work that we're doing on product innovations. These products will provide revenue growth for the future, so they're very important. We have begun to get...