Unifi, Inc., reported net income of $2.0 million, or 3 cents per share, for the second quarter of fiscal 2010 compared to a net loss of $9.1 million, or 15 cents per share, for the same prior-year period.
Net sales for the quarter increased $16.5 million or 13.1% to $142.3 million.
The company reported adjusted earnings before interest, taxes, depreciation and amortization of $13.3 million for the current quarter compared to $2.1 million for the prior year quarter. Also, gross profit increased $15 million and gross margin improved to 12.2% compared to the prior year.
The company reported adjusted earnings before interest, taxes, depreciation and amortization of $13.3 million for the current quarter compared to $2.1 million for the prior year quarter. Also, gross profit increased $15 million and gross margin improved to 12.2% compared to the prior year.
Cash-on-hand at the end of the December quarter approximated $54.4 million, which represents a decrease of $1.3 million from the end of the September quarter, but an increase of $42 million over the last twelve months. Total cash and cash equivalents at the end of the December quarter, including restricted cash, were $58.1 million.
