Below is transcript of the Unifi, Inc. (NYSE:UFI)’s Second Quarter 2015 Earnings Conference Call, held on Wednesday, January 21, 2015, at 8:30 am EST. Impala Asset Management, Royce & Associates and Nine Chapters Capital Management was among Unifi, Inc. (NYSE:UFI) shareholders at the end of the first quarter.
Unifi, Inc. (NYSE:UFI) sells fibers made from polyester and nylon filament to other yarn manufacturers, knitters and weavers that produce fabric for the apparel, hosiery, sock, home furnishing, automotive upholstery, industrial and other markets. The Company’s polyester yarn products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted and beamed yarns.
James Otterberg – Vice President and Chief Financial Officer
Roger Berrier – President and Chief Operating Officer
Bill Jasper – Chairman and Chief Executive Officer.
Chris McGinnis – Sidoti & Company
Eric Pisauro – Regency Group
Good day, ladies and gentlemen, and welcome to the Unifi [NYSE:UFI] Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session, and instructions will follow at that time. As a reminder, this conference call is being recorded. I would now like to turn the conference over to James Otterberg, CFO. Sir, you may begin.
James Otterberg, Vice President and Chief Financial Officer
Thank you, operator, and good morning everyone. Joining me for the call today is Bill Jasper, our Chairman and Chief Executive Officer; and Roger Berrier, our President and Chief Operating Officer. During this call, we will be referencing a webcast presentation that can be found at unifi.com. The presentation can be accessed by clicking the second quarter conference call link found on our homepage. Before we begin, I need to first advise you that certain statements included on today’s call will be forward-looking statements within the meaning of federal securities laws.
Management cautions that these statements are based on current expectations, estimates and/or projections about the markets in which the company operates and other contingent matters. These statements are not guarantees of future performance and involve certain risks that are difficult to predict. Actual outcomes and results may differ materially from what is expressed, forecasted or implied by these statements. I direct you to the disclosures filed with the SEC in our Form 10-Ks and Form 10-Qs regarding various factors that may impact these results. Also please be advised that certain non-GAAP financial measures, such as adjusted EBITDA, will be discussed on this call and the non-GAAP reconciliation can be found in the schedules to the webcast presentation.
Before we get to the financial details for the quarter, I’d like to turn the call over to Roger, who will provide you with an overview of the company’s markets, raw material trends and other important business updates.