Momentum. Growth. Results. Regions reports second quarter 2025 earnings of $534 million, earnings per diluted share of $0.59; Adjusted earnings (1) of $538 million, adjusted earnings per diluted share (1) of $0.60
"Our second quarter results demonstrate continued momentum across our franchise and the benefits of the strategic investments we've made in talent, technology, and capabilities," said John Turner, Chairman, President and CEO of Regions Financial Corp.
Turner added, "We are experiencing solid deposit growth, disciplined loan production, and strong performance across fee-based businesses, including Treasury Management and Wealth Management. As we modernize our platforms and expand further in key growth areas across our footprint, we remain committed to executing our plan while generating top-quartile returns and long-term value for our shareholders. Our strong performance is the result of remaining focused on the financial needs and opportunities of our clients and operating in a responsible manner for the benefit of the people we serve."
Non-GAAP adjusted items (1) impacting the company's earnings are identified to assist investors in analyzing Regions' operating results on the same basis as that applied by management and provide a basis to predict future performance. See "Use of Non-GAAP Financial Measures" below for more information.
Total revenue
Quarter Ended
($ amounts in millions)
6/30/2025
3/31/2025
6/30/2024
2Q25 vs. 1Q25
2Q25 vs. 2Q24
Net interest income
$
1,259
$
1,194
$
1,186
$
65
5.4
%
$
73
6.2
%
Taxable equivalent adjustment
12
12
12
—
—
%
—
—
%
Net interest income, taxable equivalent basis
$
1,271
$
1,206
$
1,198
$
65
5.4
%
$
73
6.1
%
Net interest margin (FTE)
3.65
%
3.52
%
3.51
%
Non-interest income:
Service charges on deposit accounts
$
151
$
161
$
151
$
(10
)
(6.2
)%
$
—
—
%
Card and ATM fees
125
117
120
8
6.8
%
5
4.2
%
Wealth management income
133
129
122
4
3.1
%
11
9.0
%
Capital markets income
83
80
68
3
3.8
%
15
22.1
%
Mortgage income
48
40
34
8
20.0
%
14
41.2
%
Commercial credit fee income
29
27
28
2
7.4
%
1
3.6
%
Bank-owned life insurance
24
23
30
1
4.3
%
(6
)
(20.0
)%
Market value adjustments on employee benefit assets*
16
(3
)
2
19
NM
14
NM
Securities gains (losses), net
(1
)
(25
)
(50
)
24
96.0
%
49
98.0
%
Other miscellaneous income
38
41
40
(3
)
(7.3
)%
(2
)
(5.0
)%
Non-interest income
$
646
$
590
$
545
$
56
9.5
%
$
101
18.5
%
Adjusted non-interest income (non-GAAP) (1)
$
646
$
615
$
595
$
31
5.0
%
$
51
8.6
%
Total revenue
$
1,905
$
1,784
$
1,731
$
121
6.8
%
$
174
10.1
%
Adjusted total revenue (non-GAAP) (1)
$
1,905
$
1,809
$
1,781
$
96
5.3
%
$
124
7.0
%
NM - Not Meaningful
* These market value adjustments relate to assets held for employee and director benefits that are offset within salaries and employee benefits and other non-interest expense.
Expand
Total revenue increased 7 percent on a reported basis and 5 percent on an adjusted basis (1) compared to the first quarter of 2025. The benefits of fixed-rate asset turnover, better funding costs and mix, credit-related recoveries, an additional day, and nonrecurring items that reduced the prior quarter increased net interest income by 5 percent. Total net interest margin increased 13 basis points to 3.65 percent.
Non-interest income increased 9 percent on a reported basis and 5 percent on an adjusted basis (1) compared to the first quarter of 2025. Card and ATM fees increased 7 percent driven by seasonally higher transaction volumes. Mortgage income increased 20 percent attributable to a $13 million favorable mortgage servicing rights valuation adjustment. Wealth management income increased 3 percent and represented another record quarter. Capital markets income increased 4 percent due primarily to higher merger and acquisition advisory services and real estate related income. Additionally, market value adjustments on employee benefit assets increased $19 million during the quarter. Changes in these market value adjustments are offset in salaries and benefits and other non-interest expense. Offsetting these gains, service charges decreased 6 percent primarily due to a seasonal decline in treasury management income.
Salaries and Benefits Expense
Quarter Ended
($ amounts in millions)
6/30/2025
3/31/2025
6/30/2024
2Q25 vs. 1Q25
2Q25 vs. 2Q24
Salaries and employee benefits
$
658
$
625
$
609
$
33
5.3
%
$
49
8.0
%
Less: Market value adjustments on 401(k) liabilities*
16
(1
)
4
17
NM
12
300.0
%
Salaries and employee benefits less market value adjustments on employee benefit liabilities
$
642
$
626
$
605
$
16
2.6
%
$
37
6.1
%
NM - Not Meaningful
* The Company holds assets in order to offset the market value adjustments on 401(k) liabilities and the market value adjustments on those assets are recorded in non-interest income.
Expand
Non-interest expense increased 3 percent on a reported basis and 4 percent on an adjusted basis (1) compared to the first quarter of 2025. As expected, salaries and benefits increased 5 percent driven primarily by one additional work day in the quarter, a full quarter's impact of the company's March 1st merit increases, higher revenue-based incentives, and the offset to market value adjustments on employee benefit assets recorded in non-interest income. Equipment and software expense increased 5 percent attributable primarily to the timing of projects and the related depreciation expense. Professional, legal and regulatory expenses increased 22 percent due primarily to the timing of third-party engagements and changes to legal expenses.
The company's second quarter efficiency ratio was 56.0 percent and the effective tax rate was 20.3 percent.
Ending Balances
6/30/2025
6/30/2025
($ amounts in millions)
6/30/2025
3/31/2025
6/30/2024
vs. 3/31/2025
vs. 6/30/2024
Commercial and industrial
$
49,586
$
48,879
$
50,222
$
707
1.4
%
$
(636
)
(1.3
)%
Commercial real estate—owner-occupied
5,165
5,165
5,151
—
—
%
14
0.3
%
Investor real estate
9,098
8,833
8,837
265
3.0
%
261
3.0
%
Business Lending
63,849
62,877
64,210
972
1.5
%
(361
)
(0.6
)%
Residential first mortgage
20,020
20,000
20,206
20
0.1
%
(186
)
(0.9
)%
Home equity
5,536
5,501
5,552
35
0.6
%
(16
)
(0.3
)%
Consumer credit card
1,415
1,384
1,349
31
2.2
%
66
4.9
%
Other consumer*
5,903
5,971
6,191
(68
)
(1.1
)%
(288
)
(4.7
)%
Consumer Lending
32,874
32,856
33,298
18
0.1
%
(424
)
(1.3
)%
Total Loans
$
96,723
$
95,733
$
97,508
$
990
1.0
%
$
(785
)
(0.8
)%
NM - Not meaningful.
* Other consumer loans includes Regions' Home Improvement Financing portfolio.
Expand
Average loans and leases remained stable compared to the prior quarter, while total ending loans increased 1 percent. Average business loans remained stable during the quarter, while average consumer loans decreased slightly. Growth in ending loans was attributable primarily to commercial and industrial loans within structured products and manufacturing.
End of Period Deposits
6/30/2025
6/30/2025
($ amounts in millions)
6/30/2025
3/31/2025
6/30/2024
vs. 3/31/2025
vs. 6/30/2024
Consumer Bank Segment
$
79,953
$
80,627
$
80,126
$
(674
)
(0.8
)%
$
(173
)
(0.2
)%
Corporate Bank Segment
40,101
39,696
36,529
405
1.0
%
3,572
9.8
%
Wealth Management Segment
7,352
7,798
7,383
(446
)
(5.7
)%
(31
)
(0.4
)%
Other
3,513
2,850
2,578
663
23.3
%
935
36.3
%
Total Deposits
$
130,919
$
130,971
$
126,616
$
(52
)
—
%
$
4,303
3.4
%
NM - Not meaningful.
Expand
The company's deposit base continues to be a source of strength and an industry differentiator in liquidity and margin performance. Ending deposits were relatively stable during the quarter while average deposits increased 1 percent, benefiting from normal seasonal patterns and promotional activity.
Client resilience remained strong throughout the quarter, as underlying asset quality metrics exhibited signs of improvement. Net charge-offs were $113 million or an annualized 47 basis points of average loans during the quarter, representing a 5 basis point decrease from the prior quarter. Non-performing loans as a percentage of total loans decreased 8 basis points to 80 basis points, and business services criticized loans decreased 6 percent compared to the prior quarter.
The allowance for credit losses ratio decreased 1 basis point to 1.80 percent, while the allowance for credit losses as a percentage of non-performing loans increased to 225 percent. The company's allowance for credit losses increased $13 million over the prior quarter, attributable primarily to loan growth and some deterioration in the economic forecast partially offset by improvements in credit metrics.
Capital and liquidity
As of and for Quarter Ended
6/30/2025
3/31/2025
6/30/2024
Common Equity Tier 1 ratio (2)
10.7
%
10.8
%
10.4
%
Tier 1 capital ratio (2)
11.8
%
12.2
%
11.7
%
Total shareholders' equity to total assets
11.72
%
11.59
%
11.14
%
Tangible common shareholders' equity to tangible assets (non-GAAP) (1)
7.52
%
7.17
%
6.55
%
Common book value per share
$
19.35
$
18.70
$
16.94
Tangible common book value per share (non-GAAP) (1)*
$
12.91
$
12.29
$
10.61
Loans, net of unearned income, to total deposits
73.9
%
73.1
%
77.0
%
* Tangible common book value per share includes the impact of quarterly earnings and changes to market value adjustments within accumulated other comprehensive income, as well as continued capital returns.
Expand
Regions maintained a solid capital position in the second quarter, with estimated capital ratios remaining well above current regulatory requirements. At quarter-end, the Common Equity Tier 1 (2) and Tier 1 capital (2) ratios were estimated at 10.7 percent and 11.8 percent, respectively.
Tangible common book value per share (1) ended the quarter at $12.91, a 5 percent increase quarter-over-quarter and a 22 percent increase year-over-year.
During the second quarter, the company repurchased approximately 7 million shares of common stock for a total of $144 million through open market purchases and declared $224 million in dividends to common shareholders. Earlier this week, the Board of Directors declared a quarterly common stock dividend of $0.265 per share, representing a 6 percent increase over the second quarter and a continuation of Regions' history of strong dividend growth. Over the past 10 years, Regions has increased its common stock dividend just over 10 percent on a compound annual growth rate basis, the highest level across the company's peer group.
The company's liquidity position also remained robust with total available liquidity as of June 30, 2025, of approximately $65 billion, which includes cash held at the Federal Reserve, FHLB borrowing capacity, unencumbered securities, and capacity at the Federal Reserve's facilities such as the Discount Window or Standing Repo Facility. These sources are sufficient to cover uninsured deposits at a ratio of approximately 185 percent as of quarter-end (excluding intercompany and secured deposits).
(1)
Non-GAAP; refer to reconciliations on pages 12, 16, 17, 18 and 19 of the financial supplement to this earnings release included as Exhibit 99.2 to the company's Current Report on Form 8-K that was furnished to the Securities and Exchange Commission on July 18, 2025.
(2)
Current quarter Common Equity Tier 1 and Tier 1 capital ratios are estimated.
Expand
Conference Call
In addition to the live audio webcast at 10 a.m. ET on Jul. 18, 2025, an archived recording of the webcast will be available at the Investor Relations page at ir.regions.com following the live event.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $159 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
Forward-Looking Statements
This release and the accompanying earnings call may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. In addition, the company, through its senior management, may from time to time make forward-looking public statements concerning the matters described herein. The words 'future,' 'anticipates,' 'assumes,' 'intends,' 'plans,' 'seeks,' 'believes,' 'predicts,' 'potential,' 'objectives,' 'estimates,' 'expects,' 'targets,' 'projects,' 'outlook,' 'forecast,' 'would,' 'will,' 'may,' 'might,' 'could,' 'should,' 'can,' and similar terms and expressions often signify forward-looking statements. Forward-looking statements are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond our control. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results or other developments. Forward-looking statements are based on management's current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. Those statements are based on general assumptions and are subject to various risks, and because they also relate to the future they are likewise subject to inherent uncertainties and other factors that may cause actual results to differ materially from the views, beliefs and projections expressed in such statements. Therefore, we caution you against relying on any of these forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, those described below:
Current and future economic and market conditions in the United States generally or in the communities we serve (in particular the Southeastern United States), including the effects of possible declines in property values, increases in interest rates and unemployment rates, inflation, financial market disruptions and potential reductions of economic growth, which may adversely affect our lending and other businesses and our financial results and conditions.
Possible changes in trade, monetary and fiscal policies of, and other activities undertaken by, governments, agencies, central banks and similar organizations, including tariffs, which could have a material adverse effect on our businesses and our financial results and conditions.
Changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets (such as our portfolio of investment securities) and obligations, as well as the availability and cost of capital and liquidity.
Volatility and uncertainty about the direction of interest rates and the timing of any changes, which may lead to increased costs for businesses and consumers and potentially contribute to poor business and economic conditions generally.
Possible changes in the creditworthiness of customers and the possible impairment of the collectability of loans and leases.
Changes in the speed of loan prepayments, loan origination and sale volumes, charge-offs, credit loss provisions or actual credit losses where our allowance for credit losses may not be adequate to cover our eventual losses.
Possible acceleration of prepayments on mortgage-backed securities due to declining interest rates, and the related acceleration of premium amortization on those securities.
Possible changes in consumer and business spending and saving habits and the related effect on our ability to increase assets and to attract deposits, which could adversely affect our net income.
Loss of customer checking and savings account deposits as customers pursue other, higher-yield investments, or the need to price interest-bearing deposits higher due to competitive forces. Either of these activities could increase our funding costs.
Possible downgrades in our credit ratings or outlook could, among other negative impacts, increase the costs of funding from capital markets.
The loss of value of our investment portfolio could negatively impact market perceptions of us.
Our ability to manage fluctuations in the value of assets and liabilities and off-balance sheet exposure so as to maintain sufficient capital and liquidity to support our businesses.
The effects of social media on market perceptions of us and banks generally.
The effects of problems encountered by other financial institutions that adversely affect us or the banking industry generally could require us to change certain business practices, reduce our revenue, impose additional costs on us, or otherwise negatively affect our businesses.
Volatility in the financial services industry (including failures or rumors of failures of other depository institutions), along with actions taken by governmental agencies to address such turmoil, could affect the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital.
Our ability to effectively compete with other traditional and non-traditional financial services companies, including fintechs, some of which possess greater financial resources than we do or are subject to different regulatory standards than we are.
Our inability to develop and gain acceptance from current and prospective customers for new products and services and the enhancement of existing products and services to meet customers' needs and respond to emerging technological trends in a timely manner could have a negative impact on our revenue.
Our inability to keep pace with technological changes, including those related to the offering of digital banking and financial services, could result in losing business to competitors.
The development and use of AI presents risks and challenges that may impact our business.
Our ability to execute on our strategic and operational plans, including our ability to fully realize the financial and nonfinancial benefits relating to our strategic initiatives.
The risks and uncertainties related to our acquisition or divestiture of businesses and risks related to such acquisitions, including that the expected synergies, cost savings and other financial or other benefits may not be realized within expected timeframes, or might be less than projected; and difficulties in integrating acquired businesses.
The success of our marketing efforts in attracting and retaining customers.
Our ability to achieve our expense management initiatives.
Changes in commodity market prices and conditions could adversely affect the cash flows of our borrowers operating in industries that are impacted by changes in commodity prices (including businesses indirectly impacted by commodities prices such as businesses that transport commodities or manufacture equipment used in the production of commodities), which could impair the ability of those borrowers to service any loans outstanding to them and/or reduce demand for loans in those industries.
The effects of geopolitical instability, including wars, conflicts, civil unrest, and terrorist attacks and the potential impact, directly or indirectly, on our businesses.
Fraud, theft or other misconduct conducted by external parties, including our customers and business partners, or by our employees.
Any inaccurate or incomplete information provided to us by our customers or counterparties.
Inability of our framework to manage risks associated with our businesses, such as credit risk and operational risk, including third-party vendors and other service providers, which inability could, among other things, result in a breach of operating or security systems as a result of a cyber-attack or similar act or failure to deliver our services effectively.
Our ability to identify and address operational risks associated with the introduction of or changes to products, services, or delivery platforms.
Dependence on key suppliers or vendors to obtain equipment and other supplies for our businesses on acceptable terms.
The inability of our internal controls and procedures to prevent, detect or mitigate any material errors or fraudulent acts.
Our ability to identify and address cyber-security risks such as data security breaches, malware, ransomware, 'denial of service' attacks, 'hacking' and identity theft, including account take-overs, a failure of which could disrupt our businesses and result in the disclosure of and/or misuse or misappropriation of confidential or proprietary information, disruption or damage to our systems, increased costs, losses, or adverse effects to our reputation.
The effects of the failure of any component of our business infrastructure provided by a third party could disrupt our businesses, result in the disclosure of and/or misuse of confidential information or proprietary information, increase our costs, negatively affect our reputation, and cause losses.
The effects of any developments, changes or actions relating to any litigation or regulatory proceedings brought against us or any of our subsidiaries.
The costs, including possibly incurring fines, penalties, or other negative effects (including reputational harm) of any adverse judicial, administrative, or arbitral rulings or proceedings, regulatory enforcement actions or other legal actions to which we or any of our subsidiaries are a party, and which may adversely affect our results.
Changes in laws and regulations affecting our businesses, including legislation and regulations relating to bank products and services, such as changes to debit card interchange fees, special FDIC assessments, any new long-term debt requirements, as well as changes in the enforcement and interpretation of such laws and regulations by applicable governmental and self-regulatory agencies, including as a result of the changes in U.S. presidential administration, control of the U.S. Congress, and changes in personnel at the bank regulatory agencies, which could require us to change certain business practices, increase compliance risk, reduce our revenue, impose additional costs on us, or otherwise negatively affect our businesses.
Our capital actions, including dividend payments, common stock repurchases, or redemptions of preferred stock, must not cause us to fall below minimum capital ratio requirements, with applicable buffers taken into account, and must comply with other requirements and restrictions under law or imposed by our regulators, which may impact our ability to return capital to shareholders.
Our ability to comply with stress testing and capital planning requirements (as part of the CCAR process or otherwise) may continue to require a significant investment of our managerial resources due to the importance of such tests and requirements.
Our ability to comply with applicable capital and liquidity requirements (including, among other things, the Basel III Rules), including our ability to generate capital internally or raise capital on favorable terms, and if we fail to meet requirements, our financial condition and market perceptions of us could be negatively impacted.
Our ability to recruit and retain talented and experienced personnel to assist in the development, management and operation of our products and services may be affected by changes in laws and regulations in effect from time to time.
Our ability to receive dividends from our subsidiaries, in particular Regions Bank, could affect our liquidity and ability to pay dividends to shareholders.
Fluctuations in the price of our common stock and inability to complete stock repurchases in the time frame and/or on the terms anticipated.
The effects of anti-takeover laws and exclusive forum provision in our certificate of incorporation and bylaws.
The effect of new tax legislation and/or interpretation of existing tax law, which may impact our earnings, capital ratios and our ability to return capital to shareholders.
Changes in accounting policies or procedures as may be required by the FASB or other regulatory agencies could materially affect our financial statements and how we report those results, and expectations and preliminary analyses relating to how such changes will affect our financial results could prove incorrect.
Any impairment of our goodwill or other intangibles, any repricing of assets or any adjustment of valuation allowances on our deferred tax assets due to changes in tax law, adverse changes in the economic environment declining operations of the reporting unit or other factors.
The effects of man-made and natural disasters, including fires, floods, droughts, tornadoes, hurricanes and environmental damage (especially in the Southeastern United States), which may negatively affect our operations and/or our loan portfolios and increase our cost of conducting business. The severity and frequency of future earthquakes, fires, hurricanes, tornadoes, droughts, floods and other weather-related events are difficult to predict and may be exacerbated by global climate change.
The impact of pandemics on our businesses, operations and financial results and conditions. The duration and severity of any pandemic as well as government actions or other restrictions in connection with such events could disrupt the global economy, adversely affect our capital and liquidity position, impair the ability of borrowers to repay outstanding loans and increase our allowance for credit losses, impair collateral values and result in lost revenue or additional expenses.
The effects of any damage to our reputation resulting from developments related to any of the items identified above.
Other risks identified from time to time in reports that we file with the SEC.
The foregoing list of factors is not exhaustive. For discussion of these and other factors that may cause actual results to differ from expectations, look under the captions 'Forward-Looking Statements' and 'Risk Factors' in Regions' Annual Report on Form 10-K for the year ended December 31, 2024 and in Regions' subsequent filings with the SEC.
You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible to predict all of them. We assume no obligation and do not intend to update or revise any forward-looking statements that are made from time to time, either as a result of future developments, new information or otherwise, except as may be required by law.
Use of Non-GAAP Financial Measures
Management uses pre-tax pre-provision income (non-GAAP), adjusted pre-tax pre-provision income (non-GAAP), the adjusted efficiency ratio (non-GAAP), the adjusted fee income ratio (non-GAAP), as well as adjusted net income available to common shareholders (non-GAAP) and adjusted diluted EPS (non-GAAP) to monitor performance and believes these measures provide meaningful information to investors. Non-interest expense (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest expense (non-GAAP), which is the numerator for the adjusted efficiency ratio. Non-interest income (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest income (non-GAAP), which is the numerator for the adjusted fee income ratio. Adjusted non-interest income (non-GAAP) and adjusted non-interest expense (non-GAAP) are used to determine adjusted pre-tax pre-provision income (non-GAAP). Net interest income (GAAP) on a taxable-equivalent basis and non-interest income are added together to arrive at total revenue on a taxable-equivalent basis. Adjustments are made to arrive at adjusted total revenue on a taxable-equivalent basis (non-GAAP), which is the denominator for the adjusted fee income and adjusted efficiency ratios. Net income available to common shareholders (GAAP) is presented excluding certain adjustments, net of tax, to arrive at adjusted net income available to common shareholders (non-GAAP), which is the numerator for adjusted diluted EPS (non-GAAP). Regions believes that the exclusion of these adjustments provides a meaningful basis for period-to-period comparisons, which management believes will assist investors in analyzing the operating results of the company and predicting future performance. These non-GAAP financial measures are also used by management to assess the performance of Regions' business. It is possible that the activities related to the adjustments may recur; however, management does not consider the activities related to the adjustments to be indications of ongoing operations. Regions believes that presentation of these non-GAAP financial measures will permit investors to assess the performance of the company on the same basis as that applied by management. Tangible common book value per share is calculated by dividing tangible common shareholders' equity (non·GAAP) by tangible assets (non-GAAP). The numerator for tangible book value per share (non·GAAP), tangible common shareholders' equity (non·GAAP), is calculated by excluding intangible assets and the deferred tax liability related to intangible assets from common shareholders' equity (GAAP). The denominator for tangible book value per share (non-GAAP), tangible assets (non-GAAP), is calculated by excluding intangible assets and the deferred tax liability related to intangible assets from total assets (non-GAAP).
Tangible common shareholders' equity ratios have become a focus of some investors and management believes they may assist investors in analyzing the capital position of the company absent the effects of intangible assets and preferred stock. Analysts and banking regulators have assessed Regions' capital adequacy using the tangible common shareholders' equity measure. Because tangible common shareholders' equity is not formally defined by GAAP or prescribed in any amount by federal banking regulations it is currently considered to be a non-GAAP financial measure and other entities may calculate it differently than Regions' disclosed calculations. Since analysts and banking regulators may assess Regions' capital adequacy using tangible common shareholders' equity to tangible assets, management believes that it is useful to provide investors the ability to assess Regions' capital adequacy on this same basis.
Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. Although these non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation, or as a substitute for analyses of results as reported under GAAP. In particular, a measure of earnings that excludes selected items does not represent the amount that effectively accrues directly to stockholders. Additionally, our non-GAAP financial measures may not be comparable to similar non-GAAP financial measures used by other companies and there is no certainty that we will not incur expenses in the future that are similar to those excluded in the calculations of non-GAAP financial measures presented herein.
Management and the Board of Directors utilize non-GAAP measures as follows:
Preparation of Regions' operating budgets
Monthly financial performance reporting
Monthly close-out reporting of consolidated results (management only)
Presentation to investors of company performance
Metrics for incentive compensation
See the company's Financial Supplement, included as Exhibit 99.2 to the company's Current Report on Form 8-K furnished to the Securities and Exchange Commission on July 18, 2025, for reconciliations of and additional information regarding the company's non-GAAP financial measures.
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BROOKFIELD, Wis., August 20, 2025--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG), today announced that it is planning to release its third quarter fiscal 2025 results before the market open on Wednesday, September 3, 2025. The results will be discussed during a live webcast later that morning on September 3, 2025, beginning at 10:00 a.m. ET. To access the webcast, investors should go to at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call. The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group Third Quarter Fiscal 2025 Earnings Conference Call. A telephonic replay will be available approximately three hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers 1-412-317-6671, and providing the passcode 13755564. The telephonic replay will be available until 11:59 pm (Eastern Time) on September 17, 2025. About REV Group, Inc. REV Group® companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through two segments: Specialty Vehicles and Recreational Vehicles. The Specialty Vehicles Segment provides customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus,) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group's Recreational Vehicle Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group's portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG View source version on Contacts Drew KonopVP, Investor Relations & Corporate DevelopmentEmail: investors@ Phone: 1-888-738-4037 (1-888-REVG-037) Sign in to access your portfolio
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UNIFI®, Makers of REPREVE®, Announces Fourth Quarter and Fiscal 2025 Results
Company temporarily impacted by trade-related uncertainty, but remains well-positioned to leverage leaner manufacturing footprint, improved competitive position, stronger balance sheet and cash generation capabilities, and pent-up demand heading into the holiday season GREENSBORO, N.C., August 20, 2025--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI), the makers of REPREVE® and one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the fourth fiscal quarter and fiscal year ended June 29, 2025. Fourth Quarter Fiscal 2025 Overview Net sales were $138.5 million, a decrease of 12.0% from the fourth quarter of fiscal 2024, primarily driven by trade-related uncertainty and short-term demand volatility across each business segment. Revenues from REPREVE Fiber products were $42.1 million and represented 30% of net sales, compared to $53.6 million or 34% of net sales for the fourth quarter of fiscal 2024. Gross loss was $1.1 million and gross margin was (0.8)%, compared to gross profit of $10.8 million and 6.9% for the fourth quarter of fiscal 2024. Net income was $15.5 million, or $0.82 per diluted share, which includes a $35.8 million gain on the sale of a manufacturing facility, partially offset by $10.6 million in transition costs, compared to a net loss of $(4.0) million, or $(0.22) per share, for the fourth quarter of fiscal 2024. Adjusted Net Loss* was $10.6 million, which excludes the $35.8 gain on the sale of a manufacturing facility, $10.6 million in transition costs and $0.9 million related to recovery of income taxes in Brazil, compared to Adjusted Net Loss of $4.0 million. Adjusted EBITDA* was $(4.1) million, compared to $5.9 million for the fourth quarter of fiscal 2024. Completed the sale of the Madison, North Carolina manufacturing facility for $45.0 million, with $25.0 million of net proceeds used to reduce the existing term loan and $18.3 million of net proceeds used to reduce outstanding revolving loans. Launched Fortisyn™, an abrasion-resistant yarn engineered for military and tactical gear. Eddie Ingle, Chief Executive Officer of Unifi, Inc., stated, "Our results for the fourth quarter came in below our expectations due to softer ordering patterns, driven by recent tariff and trade uncertainties across our customer base. This included delayed ordering patterns by major customers that wanted to wait and better assess how tariffs would impact global trading patterns. As a result, we believe that these are temporary impacts on our business, as we continue to see strong pent-up customer demand pending clarity on trade policies. Despite the challenging operating environment, we continued to make meaningful progress in optimizing our business and streamlining operations during the period. This was highlighted by the recent sale of our Madison, North Carolina, manufacturing facility, which enabled UNIFI to pay down a significant portion of debt and will help create over $20 million in estimated annualized operating cost savings going forward. This strategic shift supports our commitment to meeting our customers' needs with sustainable and innovative products and becoming more efficient in the process." Fourth Quarter Fiscal 2025 Compared to Fourth Quarter Fiscal 2024 Net sales decreased to $138.5 million from $157.5 million, primarily due to weaker sales mix and lower sales volumes for the Asia Segment, unfavorable foreign currency effects in the Brazil Segment, and lower sales volumes in the Americas Segment. Gross profit decreased to $(1.1) million from $10.8 million. Americas Segment gross profit decreased by $5.3 million, primarily from inflationary pressures and transition costs related to the manufacturing footprint reduction. Asia Segment gross profit decreased by $2.3 million, primarily due to lower sales volumes, a less favorable sales mix, and pricing dynamics in the region. Brazil Segment gross profit decreased by $4.3 million, primarily due to unfavorable foreign currency translation effects. Operating income increased to $15.1 million from $(0.8) million. The increase was primarily due to the gain on the sale of a manufacturing facility, partially offset by transition costs. Net income was $15.5 million compared to a net loss of $(4.0) million. Adjusted Net Loss* was $10.6 million, which excludes the $35.8 gain on the sale of a manufacturing facility, $10.6 million in transition costs and $0.9 million related to recovery of income taxes in Brazil, compared to Adjusted Net Loss of $4.0 million for the fourth quarter of fiscal 2024. Adjusted EBITDA* was $(4.1) million, which excluded the gain on the sale and transition costs adjustments, compared to $5.9 million. Update on Manufacturing Transition In February 2025, UNIFI announced the closure and planned transition of certain domestic manufacturing operations to enhance operating efficiency, lower fixed costs, improve profitability, and further strengthen the balance sheet. The associated real estate sale closed on May 20, 2025. The manufacturing transition and restructuring charges will continue through the first quarter of fiscal 2026. Following the manufacturing footprint reduction, UNIFI expects to achieve an annual cost savings of approximately $20.0 million, primarily comprised of lower headcount and operational synergies. First Quarter Fiscal 2026 Outlook The current outlook assumes no meaningful changes in business activities resulting from the evolving tariff and trade negotiations. UNIFI expects the following first quarter fiscal 2026 results: Net sales and Adjusted EBITDA** improving sequentially from the fourth quarter of fiscal 2025, primarily driven by cost savings for the Americas Segment. Continued restructuring and transition expenses of between $1.0 million and $2.0 million. Ingle concluded, "As we look towards fiscal 2026, we recognize that our business performance is not yet where we want it to be and has been temporarily impacted by a volatile trade environment. We have made significant changes to strengthen our business, including lowering our costs and creating a leaner manufacturing footprint in the U.S., which will drive higher utilizations as we move forward. We also believe that our proactive decisions have enhanced our competitive position, improved cash generation capabilities, and strengthened our profitability profile, all of which will contribute to better performance for UNIFI in the future. Most importantly, the conversations we are having with global brands confirm that customers' appetites for sustainable solutions and a commitment to textile circularity have not waned. While these strategic decisions are helping us navigate these temporary challenges, they are ultimately designed to position UNIFI for long-term success and create long-term value for our shareholders." * Adjusted Net Income (Loss) and Adjusted EBITDA are non-GAAP financial measures. The schedules included in this press release reconcile each non-GAAP financial measure to its most directly comparable GAAP financial measure. ** Guidance provided is a non-GAAP figure presented on an adjusted basis. For further details, see the non-GAAP financial measures information presented in the schedules included in this press release. Fourth Quarter Fiscal 2025 Earnings Conference Call UNIFI will provide additional commentary regarding its fourth quarter and fiscal 2025 results and other developments during its earnings conference call on August 21, 2025, at 9:00 a.m., Eastern Time. The call can be accessed via a live audio webcast on UNIFI's website at Additional supporting materials and information related to the call will also be available on UNIFI's website. About UNIFI UNIFI, Inc. (NYSE: UFI) is a global leader in fiber science and sustainable synthetic textiles. Using proprietary recycling technology, UNIFI is a pioneer in scaling the transformation of post-industrial and post-consumer waste into sustainable products. Through REPREVE, the world's leading brand of traceable, recycled fiber and resin, UNIFI is changing the way industries think about the materials they use – and reuse. A vertically-integrated manufacturer, the company has direct operations in the United States, Colombia, El Salvador, and Brazil, and sales offices all over the world. UNIFI envisions a future where circular and sustainable solutions are the only choice. For more information about UNIFI, visit About REPREVE® Made by UNIFI, Inc. (NYSE: UFI), REPREVE® is the global leader in recycled performance fibers and resins. Using proprietary recycling technology, REPREVE leverages multiple waste sources, including single-use plastic bottles, ocean-bound plastic, textile waste, and recycled yarn. REPREVE has transformed more than 40 billion plastic bottles into recycled fiber, powering globally scalable products for world-leading brands. Made traceable with FiberPrint® technology and certified by U-Trust®, REPREVE spans sports apparel, fashion, home, automotive, construction, transport, military, medical and packaged goods. For more information about REPREVE, visit Financial Statements, Business Segment Information and Reconciliations of Reported Results to Adjusted Results to Follow CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share amounts) For the Three Months Ended For the Fiscal Year Ended June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Net sales $ 138,535 $ 157,452 $ 571,344 $ 582,209 Cost of sales 139,664 146,661 562,926 565,593 Gross (loss) profit (1,129 ) 10,791 8,418 16,616 Selling, general and administrative expenses 11,947 11,243 49,005 46,632 (Benefit) provision for bad debts (127 ) 312 (166 ) 1,571 Restructuring costs 7,604 — 8,924 5,101 (Gain) loss on sales and disposals of assets (35,783 ) 131 (40,079 ) 62 Other operating expense (income), net 110 (72 ) 254 671 Operating income (loss) 15,120 (823 ) (9,520 ) (37,421 ) Interest income (256 ) (426 ) (888 ) (2,136 ) Interest expense 2,198 2,357 9,520 9,862 Equity in loss of unconsolidated affiliates 10 79 477 390 Income (loss) before income taxes 13,168 (2,833 ) (18,629 ) (45,537 ) (Benefit) provision for income taxes (2,302 ) 1,151 1,719 1,858 Net income (loss) $ 15,470 $ (3,984 ) $ (20,348 ) $ (47,395 ) Net income (loss) per common share: Basic $ 0.84 $ (0.22 ) $ (1.11 ) $ (2.61 ) Diluted $ 0.82 $ (0.22 ) $ (1.11 ) $ (2.61 ) Weighted average common shares outstanding: Basic 18,361 18,252 18,314 18,154 Diluted 18,940 18,252 18,314 18,154 CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands) June 29, 2025 June 30, 2024 ASSETS Cash and cash equivalents $ 22,664 $ 26,805 Receivables, net 75,383 79,165 Inventories 122,929 131,181 Income taxes receivable 5,429 164 Other current assets 9,222 11,618 Total current assets 235,627 248,933 Property, plant and equipment, net 172,923 193,723 Operating lease assets 7,879 8,245 Deferred income taxes 5,535 5,392 Other non-current assets 4,904 12,951 Total assets $ 426,868 $ 469,244 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ 37,468 $ 43,622 Income taxes payable 49 754 Current operating lease liabilities 2,368 2,251 Current portion of long-term debt 12,159 12,277 Other current liabilities 18,899 17,662 Total current liabilities 70,943 76,566 Long-term debt 95,727 117,793 Non-current operating lease liabilities 5,614 6,124 Deferred income taxes 1,224 1,869 Other long-term liabilities 3,889 3,507 Total liabilities 177,397 205,859 Commitments and contingencies Common stock 1,836 1,825 Capital in excess of par value 74,095 70,952 Retained earnings 239,049 259,397 Accumulated other comprehensive loss (65,509 ) (68,789 ) Total shareholders' equity 249,471 263,385 Total liabilities and shareholders' equity $ 426,868 $ 469,244 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands) For the Fiscal Year Ended June 29, 2025 June 30, 2024 Cash and cash equivalents at beginning of year $ 26,805 $ 46,960 Operating activities: Net loss (20,348 ) (47,395 ) Adjustments to reconcile net loss to net cash (used) provided by operating activities: Equity in loss of unconsolidated affiliates 477 390 Distribution received from unconsolidated affiliate — 1,000 Depreciation and amortization expense 25,284 27,669 Non-cash compensation expense 3,252 2,074 (Gain) loss on sales and disposals of assets (39,317 ) 62 Deferred income taxes (676 ) (3,543 ) Other, net 160 (50 ) Changes in assets and liabilities 9,857 21,885 Net cash (used) provided by operating activities (21,311 ) 2,092 Investing activities: Capital expenditures (10,488 ) (11,189 ) Proceeds from sale of assets 51,553 519 Net cash provided (used) by investing activities 41,065 (10,670 ) Financing activities: Proceeds from long-term debt 212,551 149,600 Payments on long-term debt (236,544 ) (160,201 ) Other, net (428 ) (6 ) Net cash used by financing activities (24,421 ) (10,607 ) Effect of exchange rate changes on cash and cash equivalents 526 (970 ) Net decrease in cash and cash equivalents (4,141 ) (20,155 ) Cash and cash equivalents at end of year $ 22,664 $ 26,805 BUSINESS SEGMENT INFORMATION (Unaudited) (In thousands) Net sales and gross (loss) profit details for each reportable segment of UNIFI are as follows: For the Three Months Ended For the Fiscal Year Ended June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Americas $ 85,009 $ 91,004 $ 347,931 $ 344,256 Brazil 28,810 32,240 118,726 117,783 Asia 24,716 34,208 104,687 120,170 Consolidated net sales $ 138,535 $ 157,452 $ 571,344 $ 582,209 For the Three Months Ended For the Fiscal Year Ended June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Americas $ (5,342 ) $ 2 $ (20,217 ) $ (17,630 ) Brazil 1,316 5,612 16,027 14,755 Asia 2,897 5,177 12,608 19,491 Consolidated gross (loss) profit $ (1,129 ) $ 10,791 $ 8,418 $ 16,616 RECONCILIATIONS OF REPORTED RESULTS TO ADJUSTED RESULTS (Unaudited) (In thousands) EBITDA and Adjusted EBITDA (Non-GAAP Financial Measures) The reconciliations of the amounts reported under U.S. generally accepted accounting principles ("GAAP") for Net income (loss) to EBITDA and Adjusted EBITDA are set forth below. For the Three Months Ended For the Fiscal Year Ended June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Net income (loss) $ 15,470 $ (3,984 ) $ (20,348 ) $ (47,395 ) Interest expense, net 1,942 1,931 8,632 7,726 (Benefit) provision for income taxes (2,302 ) 1,151 1,719 1,858 Depreciation and amortization expense (1) 6,018 6,850 25,064 27,513 EBITDA 21,128 5,948 15,067 (10,298 ) Transition costs (2) 10,585 — 13,485 — Gain on sales of assets (3) (35,807 ) — (40,103 ) — Restructuring costs (4) — — — 5,101 Adjusted EBITDA $ (4,094 ) $ 5,948 $ (11,551 ) $ (5,197 ) (1) Within this reconciliation, depreciation and amortization expense excludes the amortization of debt issuance costs, which are reflected in interest expense, net. However, within the accompanying Condensed Consolidated Statements of Cash Flows, amortization of debt issuance costs is reflected in depreciation and amortization expense. (2) In fiscal 2025, UNIFI incurred various transition costs totaling $10,585 for the fourth quarter of fiscal 2025 and $13,485 for fiscal 2025 in connection with the consolidation of its yarn manufacturing operations including (i) facility closure and equipment relocation costs (including asset impairments and disposals) of $4,808 and $5,896, respectively, (ii) inventory write-downs of $1,924 and $2,923, respectively, (iii) excess fixed manufacturing costs of $1,058 and $1,638, respectively, and (iv) employee separation or retention costs of $1,347 and $1,580, respectively, and (v) forfeitures of deposits for texturing machinery of $1,448 and $1,448, respectively. The facility closure, equipment relocation, employee separation and retention costs, and forfeitures of deposits were all recorded within Restructuring costs and the inventory write-downs and excess fixed manufacturing costs were recorded within Cost of sales in the Condensed Consolidated Statements of Operations. (3) In the second quarter of fiscal 2025, UNIFI recorded a gain of $4,296 related to the sale of a warehouse located in Yadkinville, North Carolina. In the fourth quarter of fiscal 2025, UNIFI recorded a gain of $35,807 related to the sale of a manufacturing facility in Madison, North Carolina. (4) In the second quarter of fiscal 2024, UNIFI incurred severance costs of $2,351 in connection with the Profitability Improvement Plan in the U.S. and a loss of $2,750 related to the dissolution of a nylon joint venture. Adjusted Net Loss and Adjusted EPS (Non-GAAP Financial Measures) The tables below set forth reconciliations of (i) Income (loss) before income taxes ("Pre-tax Income (Loss)"), (ii) (Benefit) provision for income taxes ("Tax Impact"), (iii) Net income (loss) ("Net Income (Loss)") to Adjusted Net Loss, and (iv) Diluted Earnings Per Share ("Diluted EPS") to Adjusted EPS. Rounding may impact certain of the below calculations. For the Three Months Ended June 29, 2025 For the Three Months Ended June 30, 2024 Pre-tax Income (Loss) Tax Impact Net Income (Loss) Diluted EPS Pre-tax Loss Tax Impact Net Loss Diluted EPS GAAP results $ 13,168 $ 2,302 $ 15,470 $ 0.82 $ (2,833 ) $ (1,151 ) $ (3,984 ) $ (0.22 ) Transition costs (1) 10,585 — 10,585 0.56 — — — — Gain on sale of assets (2) (35,807 ) — (35,807 ) (1.89 ) — — — — Recovery of income taxes (3) — (893 ) (893 ) (0.05 ) — — — — Adjusted results $ (12,054 ) $ 1,409 $ (10,645 ) $ (0.56 ) $ (2,833 ) $ (1,151 ) $ (3,984 ) $ (0.22 ) Weighted average common shares outstanding 18,940 18,252 For the Fiscal Year Ended June 29, 2025 For the Fiscal Year Ended June 30, 2024 Pre-tax Loss Tax Impact Net Loss Diluted EPS Pre-tax Loss Tax Impact Net Loss Diluted EPS GAAP results $ (18,629 ) $ (1,719 ) $ (20,348 ) $ (1.11 ) $ (45,537 ) $ (1,858 ) $ (47,395 ) $ (2.61 ) Transition costs (1) 13,485 — 13,485 0.74 — — — — Gain on sales of assets (2) (40,103 ) — (40,103 ) (2.19 ) — — — — Recovery of income taxes (3) — (893 ) (893 ) (0.05 ) — — — — Restructuring costs (4) — — — — 5,101 — 5,101 0.28 Adjusted results $ (45,247 ) $ (2,612 ) $ (47,859 ) $ (2.61 ) $ (40,436 ) $ (1,858 ) $ (42,294 ) $ (2.33 ) Weighted average common shares outstanding 18,314 18,154 (1) In fiscal 2025, UNIFI incurred various transition costs totaling $10,585 for the fourth quarter of fiscal 2025 and $13,485 for fiscal 2025 in connection with the consolidation of its yarn manufacturing operations including (i) facility closure and equipment relocation costs (including asset impairments and disposals) of $4,808 and $5,896, respectively, (ii) inventory write-downs of $1,924 and $2,923, respectively, (iii) excess fixed manufacturing costs of $1,058 and $1,638, respectively, and (iv) employee separation or retention costs of $1,347 and $1,580, respectively, and (v) forfeitures of deposits for texturing machinery of $1,448 and $1,448, respectively. The facility closure, equipment relocation, employee separation and retention costs, and forfeitures of deposits were all recorded within Restructuring costs and the inventory write-downs and excess fixed manufacturing costs were recorded within Cost of sales in the Condensed Consolidated Statements of Operations. The associated tax impact was estimated to be $0 due to a valuation allowance against net operating losses in the U.S. (2) In the second quarter of fiscal 2025, UNIFI recorded a gain of $4,296 related to the sale of a warehouse located in Yadkinville, North Carolina. In the fourth quarter of fiscal 2025, UNIFI recorded a gain of $35,807 related to the sale of a manufacturing facility in Madison, North Carolina. The associated tax impact was estimated to be $0 due to a valuation allowance against net operating losses and capital losses in the U.S. (3) In fiscal 2025, following a favorable preliminary court injunction, UNIFI recorded a recovery of income taxes in connection with ICMS deductibility for Brazil's federal income tax return relating to the income taxes paid in prior fiscal years. (4) In the second quarter of fiscal 2024, UNIFI incurred severance costs of $2,351 in connection with the Profitability Improvement Plan in the U.S. and a loss of $2,750 related to the dissolution of a nylon joint venture. Net Debt (Non-GAAP Financial Measure) Reconciliations of Net Debt are as follows: June 29, 2025 June 30, 2024 Long-term debt $ 95,727 $ 117,793 Current portion of long-term debt 12,159 12,277 Unamortized debt issuance costs 122 229 Debt principal 108,008 130,299 Less: cash and cash equivalents 22,664 26,805 Net Debt $ 85,344 $ 103,494 Cash and cash equivalents At June 29, 2025 and June 30, 2024, UNIFI's foreign operations held nearly all consolidated cash and cash equivalents. REPREVE Fiber REPREVE Fiber represents UNIFI's collection of fiber products on its recycled platform, with or without added technologies. Non-GAAP Financial Measures Certain non-GAAP financial measures included herein are designed to complement the financial information presented in accordance with GAAP. These non-GAAP financial measures include Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"), Adjusted EBITDA, Adjusted Net (Loss) Income, Adjusted EPS, and Net Debt (together, the "non-GAAP financial measures"). EBITDA represents Net (loss) income before net interest expense, income tax expense, and depreciation and amortization expense. Adjusted EBITDA represents EBITDA adjusted to exclude, from time to time, certain adjustments necessary to understand and compare the underlying results of UNIFI. Adjusted Net (Loss) Income represents Net (loss) income calculated under GAAP adjusted to exclude certain amounts. Management believes the excluded amounts do not reflect the ongoing operations and performance of UNIFI and/or exclusion may be necessary to understand and compare the underlying results of UNIFI. Adjusted EPS represents Adjusted Net (Loss) Income divided by UNIFI's weighted average common shares outstanding. Net Debt represents debt principal less cash and cash equivalents. The non-GAAP financial measures are not determined in accordance with GAAP and should not be considered a substitute for performance measures determined in accordance with GAAP. The calculations of the non-GAAP financial measures are subjective, based on management's belief as to which items should be included or excluded in order to provide the most reasonable and comparable view of the underlying operating performance of the business. We may, from time to time, modify the amounts used to determine our non-GAAP financial measures. We believe that these non-GAAP financial measures better reflect UNIFI's underlying operations and performance and that their use, as operating performance measures, provides investors and analysts with a measure of operating results unaffected by differences in capital structures, capital investment cycles, and ages of related assets, among otherwise comparable companies. This press release also includes certain forward-looking information that is not presented in accordance with GAAP. Management believes that a quantitative reconciliation of such forward-looking information to the most directly comparable financial measure calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts because a reconciliation of these non-GAAP financial measures would require UNIFI to predict the timing and likelihood of potential future events such as restructurings, M&A activity, contract modifications, and other infrequent or unusual gains and losses. Neither the timing nor likelihood of these events, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of such forward-looking information to the most directly comparable GAAP financial measure is not provided. Management uses Adjusted EBITDA (i) as a measurement of operating performance because it assists us in comparing our operating performance on a consistent basis, as it removes the impact of (a) items directly related to our asset base (primarily depreciation and amortization) and (b) items that we would not expect to occur as a part of our normal business on a regular basis; (ii) for planning purposes, including the preparation of our annual operating budget; (iii) as a valuation measure for evaluating our operating performance and our capacity to incur and service debt, fund capital expenditures, and expand our business; and (iv) as one measure in determining the value of other acquisitions and dispositions. Adjusted EBITDA is a key performance metric utilized in the determination of variable compensation. We also believe Adjusted EBITDA is an appropriate supplemental measure of debt service capacity, because it serves as a high-level proxy for cash generated from operations. Management uses Adjusted Net (Loss) Income and Adjusted EPS (i) as measurements of net operating performance because they assist us in comparing such performance on a consistent basis, as they remove the impact of (a) items that we would not expect to occur as a part of our normal business on a regular basis and (b) components of the provision for income taxes that we would not expect to occur as a part of our underlying taxable operations; (ii) for planning purposes, including the preparation of our annual operating budget; and (iii) as measures in determining the value of other acquisitions and dispositions. Management uses Net Debt as a liquidity and leverage metric to determine how much debt would remain if all cash and cash equivalents were used to pay down debt principal. In evaluating non-GAAP financial measures, investors should be aware that, in the future, we may incur expenses similar to the adjustments included herein. Our presentation of non-GAAP financial measures should not be construed as indicating that our future results will be unaffected by unusual or non-recurring items. Each of our non-GAAP financial measures has limitations as an analytical tool, and investors should not consider it in isolation or as a substitute for analysis of our results or liquidity measures as reported under GAAP. Some of these limitations are (i) it is not adjusted for all non-cash income or expense items that are reflected in our statements of cash flows; (ii) it does not reflect the impact of earnings or charges resulting from matters we consider not indicative of our ongoing operations; (iii) it does not reflect changes in, or cash requirements for, our working capital needs; (iv) it does not reflect the cash requirements necessary to make payments on our debt; (v) it does not reflect our future requirements for capital expenditures or contractual commitments; (vi) it does not reflect limitations on or costs related to transferring earnings from our subsidiaries to us; and (vii) other companies in our industry may calculate this measure differently than we do, limiting its usefulness as a comparative measure. Because of these limitations, these non-GAAP financial measures should not be considered as a measure of discretionary cash available to us to invest in the growth of our business or as a measure of cash that will be available to us to meet our obligations, including those under our outstanding debt obligations. Investors should compensate for these limitations by relying primarily on our GAAP results and using these measures only as supplemental information. Cautionary Statement on Forward-Looking Statements Certain statements included herein contain "forward-looking statements" within the meaning of federal securities laws about the financial condition and results of operations of UNIFI that are based on management's beliefs, assumptions and expectations about our future economic performance, considering the information currently available to management. An example of such forward-looking statements include, among others, guidance pertaining to our financial outlook. The words "believe," "may," "could," "will," "should," "would," "anticipate," "plan," "estimate," "project," "expect," "intend," "seek," "strive" and words of similar import, or the negative of such words, identify or signal the presence of forward-looking statements. These statements are not statements of historical fact, and they involve risks and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition that we express or imply in any forward-looking statement. Factors that could contribute to such differences include, but are not limited to: the competitive nature of the textile industry and the impact of global competition; changes in the trade regulatory environment and governmental policies and legislation; the availability, sourcing, and pricing of raw materials; general domestic and international economic and industry conditions in markets where UNIFI competes, including economic and political factors over which UNIFI has no control; changes in consumer spending, customer preferences, fashion trends, and end-uses for UNIFI's products; the financial condition of UNIFI's customers; the loss of a significant customer or brand partner; natural disasters, industrial accidents, power or water shortages, extreme weather conditions, and other disruptions at one of our facilities; the disruption of operations, global demand, or financial performance as a result of catastrophic or extraordinary events, including, but not limited to, epidemics or pandemics; the success of UNIFI's strategic business initiatives; the volatility of financial and credit markets, including the impacts of counterparty risk (e.g., deposit concentration and recent depositor sentiment and activity); the ability to service indebtedness and fund capital expenditures and strategic business initiatives; the availability of and access to credit on reasonable terms; changes in foreign currency exchange, interest, and inflation rates; fluctuations in production costs; the ability to protect intellectual property; the strength and reputation of our brands; employee relations; the ability to attract, retain, and motivate key employees; the impact of climate change or environmental, health, and safety regulations; and the impact of tax laws, the judicial or administrative interpretations of tax laws, and/or changes in such laws or interpretations. All such factors are difficult to predict, contain uncertainties that may materially affect actual results and may be beyond our control. New factors emerge from time to time, and it is not possible for management to predict all such factors or to assess the impact of each such factor on UNIFI. Any forward-looking statement speaks only as of the date on which such statement is made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, except as may be required by federal securities laws. The above and other risks and uncertainties are described in UNIFI's most recent Annual Report on Form 10-K, and additional risks or uncertainties may be described from time to time in other reports filed by UNIFI with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended. View source version on Contacts Chris Hodges or Josh CarrollAlpha IR Group312-445-2870UFI@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Genesco to Report Second Quarter Fiscal 2026 Financial Results and Hold Conference Call on August 28, 2025
NASHVILLE, Tenn., August 20, 2025--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) today announced that the Company will report financial results for the second quarter fiscal 2026 on August 28, 2025, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at An audio archive of the call will be available for up to one year at In addition, a summary of the second quarter fiscal 2026 results will be available on the Genesco website on August 28, 2025 at About Genesco Inc. Genesco Inc. (NYSE: GCO) is a footwear focused company with distinctively positioned retail and lifestyle brands and proven omnichannel capabilities offering customers the footwear they desire in engaging shopping environments, including more than 1,250 retail stores and branded e-commerce websites. Its Journeys, Little Burgundy and schuh brands serve teens, kids and young adults with on-trend fashion footwear inspired by youth culture in the U.S., Canada and the U.K. Johnston & Murphy serves the successful, affluent men and women with premium footwear, apparel and accessories in the U.S. and Canada, and Genesco Brands Group sells branded lifestyle footwear to leading retailers under licensed brands including Wrangler, Dockers, Starter and PONY. Founded in 1924, Genesco is based in Nashville, Tennessee. For more information on Genesco and its operating divisions, please visit View source version on Contacts Genesco Financial Contact Sandra Harris, SVP Finance, Chief Financial Officer(615) 367-7578 / SHarris2@ Genesco Media Contact Claire S. McCall, Director, Corporate Relations(615) 367-8283 / cmccall@
