Unifi raises earnings prediction
GREENSBORO — Unifi Inc. on Thursday raised its adjusted EBITDA guidance for the quarter that ends Sept. 27 to a range of $13 million to $14 million.
Previously, the Greensboro-based company predicted $9 million to $11 million.
"The revised guidance reflects improving volume trends in the current quarter, both domestically and in Brazil," Bill Jasper, CEO and president, stated in a news release. "Business conditions in our key segments have been better than anticipated, resulting in improved demand levels across the supply chain. The increase in the guidance reflects the incremental benefit of
better capacity utilization on our profitability."
Unifi is leaving its annual forecast of adjusted EBITDA for the 2010 fiscal year unchanged at $40 million to $50 million.
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