Unifi, Inc. New

Good morning and thank you for attending Unifi's 4th Quarter Fiscal 2026 Earnings Consents Call. During this call, management will be referencing a webcast presentation that can be found in the Investor Relations section of Unifi.com. Please familiarize yourself with page 2 on the slide deck for cautionary statements and non-GAAP measures. Today's conference is being recorded and all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. Our speakers are listed on page three on today's presentation and include Al Carey, Executive Chairman, Eddie Ingle, Chief Executive Officer, AJ Eker, Chief Financial Officer. I will now turn the call over to Al Carey, Please turn to page 4 of the presentation.

Good morning, everyone, and I thank you for joining our earnings call today. I'm happy to lead the call off with some good news. We're seeing very nice progress in our efforts to reposition Unified for sustainable growth in the long term. You know, we began this effort about 18 months ago, and I think you'll see in our Q4 earnings that we're beginning to show some of the improvements. and AJ will take you through that in the next few minutes. There were three steps in this transformation when we got started. The first one was to reduce our costs significantly. So we began by closing the Madison facility and reduced our excess capacity. We also resized our labor force, improved efficiencies throughout our manufacturing footprint and we also optimized the portfolio to remove unprofitable items from our lineup. All of that was step one, and all of that work is now complete, and AJ will take you through all of that. Step two was to improve our cash management and also lower our debt, and we've had dramatically reduced inventories over the last 18 months. We've also seen our capital discipline improve, cost controls, and you'll see that as well in our Q4 results. The next step on step two is to close on a purchase agreement signed this week for property and excess assets for $60 million. And Eddie will tell you more about this deal. But when the deal is closed, it will have a dramatic impact on our net debt and our balance sheet. And the third and final step is to ramp up our revenue growth. Now I'll tell you that revenues in our industry over the last 12 plus months have struggled. It's an industry that's got lots of macro issues such as oil prices shifting tariff rates and inflation. I'll let you know here though that we're not sitting around waiting for things to change. We've taken charge of our own revenue growth plan and you'll see more of that as the next couple of quarters unfold. We're now seeing some evidence that we're seeing improved demand for our innovations and also for our business in Central America and overall U.S. and most of that will probably happen as we get towards this middle of the year. So we are at a pivot point for our company right now and I'd like to make two final comments before handing it off to our CEO Eddie. We are not celebrating. We aren't even close to finishing our work but I will tell you that it's all about revenue right now and we are all over it and you will see that improve. The second comment I wanted to make is about our management team. We've taken out costs. We've cut inventories. We've reworked management processes, which is not the most fun stuff to work on. But I'll tell you, the quality of our management team has a lot to do with the progress that we've made up until now. This is a determined, never give up team, and I would emphasize the word team. I would say out of our top 20 executives that were here when we got going on this initiative, 19 of them are still with us today and one of the biggest reasons for my optimism is the quality of this team today. So now let me turn it over to their leader, Eddie Ingle.

Thanks Al. I'm very pleased to be able to say that we closed out fiscal 2026 on a strong note with 4% top line growth and another quarter of improving profitability and cash generation. This stronger financial performance reflects the successful execution of our initiatives over the past several quarters to realign our cost structure, optimize our operations and enhance our margin performance through improved portfolio management. Importantly, the progress we've made from these efforts has strengthened our operating foundation and increased our confidence in our ability to navigate these very Thank you for joining us. The sale of these warehouses and adjacent land is not reducing in any way the existing production capacity in our Yadkinville, North Carolina complex. Before I dive deeper into our near-term priorities, our innovation progress, and what lies ahead for Unify in fiscal 2027, I'm going to turn the call over to AJ to walk you through the financial details for the quarter. AJ?