Unifi, Inc. New (UFI) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.095 Ingle, Chief Executive Officer. 00:00:03.095 -- 00:00:03.495 A.J. 00:00:03.415 -- 00:00:06.999 Ecker, Chief Financial Officer. 00:00:06.999 -- 00:00:12.185 During this call, management will be referencing a webcast presentation that can be found 00:00:12.185 -- 00:00:16.350 in the Investor Relations section of Unify.com. 00:00:16.350 -- 00:00:21.135 Please familiarize yourself with page two of that slide deck for cautionary statements 00:00:21.135 -- 00:00:26.720 and non-GAAP measures. I will now turn the call over to Al Carey. 00:00:26.862 -- 00:00:30.866 Thank you. Good morning, everybody, and thank you for joining our call today. 00:00:30.866 -- 00:00:34.490 There's been a lot going on at Unified throughout quarter four. 00:00:34.490 -- 00:00:39.035 In fact, some of those activities that I'll mention are spilling into the early part 00:00:39.035 -- 00:00:44.480 of Q1. So it may be difficult to see the impact of those activities in our Q4 00:00:44.480 -- 00:00:49.505 metrics. So what I'd like to do right now is just give you a list of four key developments 00:00:49.505 -- 00:00:54.576 that took place in Q4 which will explain more clearly why we're confident about 00:00:54.576 -- 00:00:57.781 the improvement in our business for the fiscal 2026. 00:00:57.781 -- 00:01:02.928 So here's the first one. We have ceased operations in our Madison, North 00:01:02.928 -- 00:01:06.233 Carolina facility. It's been sold, 00:01:06.233 -- 00:01:11.661 and it has been the biggest cause of profit misses in our past performance, 00:01:11.661 -- 00:01:16.808 so we were happy to get that behind us. The real estate was sold for a premium, 00:01:16.808 -- 00:01:21.200 and the proceeds have helped us pay down a significant portion of our debt. 00:01:21.2...