UFI - Unifi says preliminary Q3 net sales expected between $155M - $157M
2023-04-24 16:47:37 ET
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Unifi ( NYSE: UFI ) said Monday its preliminary net sales for the third quarter are expected between $155 million and $157 million, a sequential quarter increase of 14% to 15%.
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The Seeking Alpha consensus estimate for Q3 net sales is $158.03 million.
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The company said it ended Q3 with about $50 million in cash, net debt of $86 million, and has over $45 million of available borrowings under the credit facility.
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Q3 gross profit is expected between $9 million and $10 million and operating loss between $2 million and $3 million.
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The company said preliminary Q3 adjusted EBITDA is expected between $4 million and $5 million.
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Unifi says preliminary Q3 net sales expected between $155M - $157M