Good morning, and thank you for attending Unifi's Fourth Quarter Fiscal 2024 Earnings Conference Call. 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 Q&A session. Speakers for today's call include Al Carey, Executive Chairman, Eddie Ingle, Chief Executive Officer, A.J. Eaker, Chief Financial Officer. And 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 two of that slide deck for cautionary statements and non-GAAP measures. And now I will turn the call over to Al Carey. Al, the floor is yours. Thank you. Thank you, Kathleen. Good morning, everybody, and thank you very much for joining us on the call today. I'm gonna start with a brief but broad overview of our performance for Q4. Key a couple of insights that come out of it for us, and then I'm gonna turn it over immediately to Eddie and AJ, who will provide you with the real details of the quarter. So the first insight was this broader textile and apparel industry sales are coming back a lot slower than we expected, but they are improving. And while the inventory to sales ratios at the retail level and for these brands are now close to the norms and at pre-COVID levels, the customers are still very cautious about building back inventories, and they're watching their cash, and they're keeping an eye on what I'd call a sluggish consumer trend. But retail sales for apparel and furnishings for the first half of the year were growing at about low single digits. And, you know, if you factor in inflation, they're probably flat to slightly down versus a year ago. Our sales for the quarter for this fourth quarter are better than the previous quarters of 2024, and they're better than last year's Q4. Our EBITDA was $5.9 million, and it's substantially better than the last three quarters and a better performance is attributed mostly to the quarter two and quarter three cost reductions that we told you about last time. So most of those cost reductions are now fully in place. Now, the second insight to the quarter was we are seeing improved market share in North America despite the sluggish sales comeback. And we're very close to booking sales in the new categories that we've told you about before, which are the beyond apparel categories. And those categories include home, military, automotive, and industrial applications. These sales will start to offset the low performance of apparel, and also they'll give us improved mix as the margins on these products are a good bit better than the base apparel sales that we have. The third insight is that we've been working on innovation all through this period, and we now have introduced to the marketplace just this week our Textile Takeback introduction, our new revolutionary insulation products, and additional layering of our REPREVE platform. These products have been under development for several quarters, and they're gonna generate sales in calendar 2025. We won't see any of that in the next couple of months, but they will begin in 2025 and in 2026. And two of these products are very interesting, in particular, the ones that address the customer demand around circularity and also around reducing carbon footprint. So if I had to say how we feel about the first half of 2025, it will show improvement versus prior year, but it'll be a gradual, slower comeback, then the second half should show a more dramatic comeback. And I'd say we're feeling cautiously optimistic as we look out over the new fiscal year, and we really believe that soon enough, these customers that we have are gonna have to start replenishing their inventories. They're also gonna have to start preparing for the spring selling season. And I believe those inventories right now are quite low, and they're below pre-COVID levels. So we're gonna continue to manage costs very tightly during this period. We're gonna preserve cash until all this opens back up, and I think when it's all over, we'll be a better company than we were before all this. So let me turn it over right now to Eddie Ingle, our CEO, and he'll take you through more of the important details of the quarter. Eddie? Thanks, Al. And, as Al just highlighted, we do believe that in most aspects of our business, Unifi has finally begun to turn a corner, and the operating environment is beginning to get closer to returning to more normal levels. And over the past year plus, we've been working hard to reposition our business so as to be able to respond quickly to, an uptick in customer demand, and that the results of those efforts have already become apparent in our financials this quarter as we saw solid year-over-year revenue and volume growth and a significant improvement in our margins. Now, we are also continuing to see strong momentum across our segments, and we recently announced some exciting new product innovations, which I will touch on in greater detail shortly. Turning now to slide four for an overview of the quarter. During the fourth quarter of fiscal 2024, we reported $157.5 million in consolidated net sales, which was up 4% year over year and 6% sequentially compared to the third quarter. This improvement in net sales was largely driven by our Brazil segment, which has been performing very well recently. In addition, our operations in China have also been continuing to build momentum and contributed to our strong performance during the quarter. We are continuing to see the benefits of our Americas cost reset efforts, which is evident by the significant improvement in our gross margin and subdued operating expenses. We expect to see these efforts continue through the next few quarters as well, although it's worth noting that some of these savings will be slightly offset by inflation. With that said, we still believe we have driven sustainable efficiencies and cost discipline over the last year, that our organization will continue to leverage into the future. Our sales transformation has also been progressing well, and we have continued to see the benefits of our transformation efforts, with gross profit during the quarter experiencing a $6 million improvement on a sequential basis. This gives us confidence that our operating profit can continue to improve during fiscal 2025. I'll now provide a brief update on each of our business segments. In the Americas segment, while we are continuing to take market share, we did experience a bit of a slowdown due to some competitive shuffling and some customers pushing out orders for a few months. But we remain well positioned to take advantage of further improvement in the region, as our continued efforts on beyond apparel initiatives are helping to offset the weakness in apparel programs. Our Brazil segment, as mentioned earlier, was our strongest performing segment during the fourth quarter. The strong performance was driven by our ability to take price in the region, operate at full utilization, and we have continued to benefit from the capture of additional market share following our main competitor who exited the region. In our Asia segment, we are continuing to see signs of recovery, and we believe that we'll see stronger performance in the region during fiscal 2025, despite a seasonally slower first quarter. Turning now to slide five for an update on REPREVE. During the fourth quarter, REPREVE represented 34% of sales, a meaningful increase when compared to the previous quarter. This improvement in sales was largely driven by the positive recovery trends that have been seen in Central America, as well as a moderate recovery in Asia. Looking ahead, we continue to believe that we will see additional improvements in our REPREVE fiber business as we progress through fiscal 2025. This part of our business will be aided by the revenues we expect to see in calendar 2025, as we begin to see commercial activity, due mainly to our recent innovation efforts from some new REPREVE product launches. On the marketing front for REPREVE, we also achieved several exciting co-branding placements this quarter, notably with Dolce Vita Footwear, part of the Steve Madden Group, incorporated REPREVE into its products. Kate Spade featured REPREVE in a pajama line for Costco Canada, and Teva launched an iconic version of their original universal sandal in a ReLoop version, which contained REPREVE, powered by our own Textile Takeback program. Now, as many of you are aware, if you've been listening to our calls over the last few quarters, our Textile Takeback program aims to increase circularity in the production of textiles by transforming fabric waste into a recycled resin that, in turn, is converted into REPREVE fiber. Through this process, we are not only leading the transition for a more circular supply chain, but we are also helping our customers, such as the ones I mentioned earlier, meet their sustainability goals. Now, staying on the topic of Textile Takeback, I would like to spend some time on reviewing some of the new innovative REPREVE products that we just announced earlier this week that are harnessing our Textile Takeback program and already have the ability to be offered at scale. First, on Slide six, you'll see some highlights of our new white REPREVE filament yarn, powered by our Textile Takeback process, that we will be showcasing at the Intertextile Shanghai Apparel Fabrics Convention next week. The new form of REPREVE filament yarn is made of 50% Textile Takeback waste and 50% recycled bottles, which is the world's first 50% textile waste filament yarn with a Tracer and U-Trust verification. The new offering is white, dyeable, and available at scale now. On slide seven, for our second new product announcement, you can see that we've launched a totally new product offering, but still based on polyester fiber called ThermaLoop, which is an insulation solution that is designed for home goods, outdoor gear applications, things like sleeping bags and apparel, such as winter jackets. What makes ThermaLoop so unique is that 50% of the fibers used to make it are from textile waste, and we are launching this new product offering in black. The ThermaLoop products were launched as 100% recycled content. What is even more exciting is that the ThermaLoop padding product is the first of its kind to have a REPREVE recycled polyester low melt fiber, which allows our customers to provide a wider range of sustainable offerings. Both ThermaLoop and our new form of REPREVE filament yarn will be sampled by our customers throughout fiscal 2025. We believe we will begin to see some revenues and volume benefits from our new filament yarn in the second half of fiscal 2025, and we'll begin to see the growth benefits from the ThermaLoop throughout fiscal 2026, supporting additional growth moving forward. Before I wrap up, I would also like to note that our beyond apparel innovations are continuing to grow, with conversations progressing with a number of customers in key end markets, and we are hopeful that we'll be able to further discuss these in the near future. With that, I will now like to pass the call over to AJ to discuss our financial results for the quarter. Thank you, Eddie. As both Al and Eddie noted, we've continued to make great strides towards improving our business, and we are well positioned to pivot to growth and stronger profitability as we move forward. Our focus has remained on keeping our variable expenses across both production and administrative functions low, and we've already begun to see a sustainable reduction in those expenses. As we've previously noted, we plan to reinvest these cost savings and increase profits in the key areas of our business that will drive innovation and margin expansion, such as the two new REPREVE fiber products that Eddie just discussed. Turning now to our financial results. On slide eight, you'll see our consolidated financial highlights for the quarter. Consolidated net sales for the quarter were $157.5 million, up 6% sequentially versus the third quarter, or 4% year -over -year, driven by our beneficial pricing actions, continued market share gains, and some demand normalization, in conjunction with improvements from our profitability improvement plan continuing to materialize. This greater performance also led to our gross profit seeing an improvement of more than 100% sequentially, marking our third consecutive quarter of gross profit improvement. Turning to slide 9. In the Americas segment, net sales were sequentially flat and down 4% year -over -year, which, as Eddie noted, was primarily driven by a slowdown in spending and customers pushing out a few orders. However, with that said, the Americas segment did experience a significant gross profit improvement, which was driven by improved productivity in the region following holiday impacts in the third quarter of fiscal 2024. Slide 10 displays our Brazil segment highlights, which experienced net sales growth of 9% during the quarter on a sequential basis and almost 19% year -over -year. Our Brazil segment has continued to benefit from our ability to take price in the region, operate at full utilization, and the capture of additional market share. On slide 11, the Asia segment saw net sales growth of 21% sequentially and over 17% year over year, driven by higher sales volumes in the period and improved market conditions. As Asia continues to recover, we remain well-positioned in the region, and our portfolio expansion will help drive improved performance for the segment in the future. Before passing the call back to Eddie for some closing commentary, I'll now briefly discuss our balance sheet on slide 12. During the quarter, we continued to focus on working capital management and cost controls, allowing for a better free cash flow situation in the quarter and year-to-date periods, and positioning us to remain focused on debt repayment. CapEx spend continues to be focused on maintenance levels and remains significantly lower than the prior two fiscal years, with fiscal 2024 coming in at $11 million, a multiyear low, attributed to the diligence of our various teams and operations. With our improved financial performance and our focus on managing our balance sheet, we remain confident that our business is well positioned for realizing profitable growth opportunities in fiscal 2025 and beyond. I'll now pass the call back to Eddie to take us through the last few slides of the presentation and make some final comments. Thank you, AJ. Let's now turn to Slide 13 to discuss our forecast for the first quarter of fiscal 2025. As we look forward, we're having more positive conversations with our customers about their needs, and destocking is clearly behind us and most of the industry, which will help as we anniversary some of the impacts of this unusual period. In looking specifically at the first quarter, we expect to see our positive momentum push forward as we begin our new fiscal year. More specifically, for the quarter, the first quarter, which, as a reminder, is historically one of our slower quarters from a sales perspective due to seasonality, we are expecting the following: Net sales between $147 million and $153 million, which at the midpoint, would be roughly 10% top-line growth year -over -year. We expect Adjusted EBITDA to range between $1 million and $3 million, a significant improvement over last year's EBITDA loss. We also expect to continue to keep a disciplined eye on capital expenditures and believe CapEx for the quarter will come in between $3 million and $4 million. In terms of our fiscal 2025 outlook, I'd like to provide a little more context on slide 14. Our underlying momentum is rebuilding, so in fiscal 2025, we believe we'll see a return to more normal conditions, which will support top-line growth in excess of 10% year -over -year. Further, we believe the proactive decisions we have made to control our costs and streamline our business will continue to show up in stronger profitability results next year. We expect EBITDA to be positive in every quarter of the fiscal year and see a path to a significant increase in gross profit, gross margin, and adjusted EBITDA. Lastly, we've budgeted to keep capital expenditures contained, and we are projecting that we'll see capital expenditures range from $10 to $12 million for fiscal 2025. Moving on to slide 15, you can see that some of the key strategic initiative items we're focused on to maintain our momentum and expand our business. While we're excited about our opportunities in fiscal 2025, I want to be clear that we're focused on pivoting to growth for the foreseeable future. Despite the challenging conditions over the last year and a half, we've never stopped investing in our business. We've put new leaders in key areas to invigorate and position the business for sustainable, profitable growth. We also invested heavily in innovation, as we talked about today, as it's the engine that helps us grow our business globally. It is our belief that we have only scratched the surface of our potential, as demand for sustainable solutions continues to be desired by our customers' customers. Our REPREVE offerings continue to gain traction in terms of name recognition and assortment, and our Beyond Apparel initiatives will help us further diversify our product portfolio by offering new avenues for innovation and growth. Finally, we have just started to leverage our Textile Takeback process at scale with ThermaLoop and our new REPREVE filament yarns, powered by Textile Takeback. And we have a pipeline of future Textile Takeback innovation opportunities that we will share with you over the next several quarters and years. Before I end our remarks, I want to note, collectively, we've been through a lot over the last two years, and this team, the global team, has risen to the challenge to not only help streamline our business, but also set it up for long term success. I want to personally thank the whole team again for all of their hard work. With that, we would now like to open the line for questions. Thank you. Operator? Thank you. We will now begin the Q&A session. If you have dialed in and would like to ask a question, please press star one on your telephone keypad to raise your hand and join the queue. If you would like to withdraw your question, simply press the star one again, and if you are called upon to ask your question and listening via loudspeaker in your device, please pick up your handset and ensure that your phone is not on mute when asking your question. Again, please press star one to join the queue, and your first question comes from the line of Anthony Lebiedzinski. Your line is now open. Good morning, and thank you for taking the questions. So certainly nice to see the improvement in sales and profitability during the quarter. As you pointed out, the Brazil showed the most improvement from a top and bottom line perspective. Just wondering, you know, what is your confidence level as far as being able to sustain that, the type of improvement going forward? Specifically in Brazil, we actually feel very confident in the demand signals we're getting. We expect to run full throughout the fiscal year. There will be some margin pressure as the raw materials inputs normalize and our margins kind of catch up with the new, higher input costs. But for the most part, we do expect to remain strong and have a much better performance in Brazil this year versus last year. That's great to hear. And just to follow up, as far as the raw material costs, are you seeing that in all regions, or is this specific to Brazil that you referenced? It's specifically in Brazil due to the supply chain that we have. Most of the inputs come from Asia, and the freight costs, the international container costs have risen significantly, which has given us a pricing opportunity. Understood. Okay. And then as far as the, you know, in other regions, what are you seeing from a cost perspective for raw materials? Raw materials have been, predominantly, for the most part, flat. Got it. Not concerned about that area. Yeah. Got you. That's good to hear. Okay. And then, you know, so, in your conversations with your top customers in the Americas, obviously your largest region, you know, what are you hearing from them as far as when we could see improved results? Yeah, when we look across our top customers in all regions, actually, not just the apparel segment, they are telegraphing to us that our fiscal Q1, you know, the July through September period, is gonna be a little slower than they had expected. But they are, I think, almost all of them are expecting an uptick in October. We have seen a significant improvement already in Central America, our business down there, and maybe they're a leading indicator. But we do expect to see that business improve actually as we move through the next few months. In the U.S. specifically, there are some markets that we sell into that, you know, traditionally, they are slower in the summer, and as we move into the late September, early October period, things will get back to a more normalized, higher run rate. But they're, generally speaking, positive. It's very different from what it was this time last year. Gotcha. Okay, so sounds just like normal seasonality as far as what's impacting that. Okay. Okay, and then, you know, in terms of the new product offerings that you announced earlier this week, you know, with the white dyeable filament yarn and ThermaLoop, just wondering, like, you know, like how meaningful could these new products be? You know, I know you talked about really, you know, calendar 2025 as far as seeing a benefit, but just wondering if you could, you know, if there's any way you could put a number or just give more details as to, you know, like, what's the opportunity for those new products? Personally, I'm incredibly excited about what we've been able to bring to the market. You know, we've been asked for several years now, how do we make the supply chain more circular? On top of that, there's pending legislation in the EU that will require recycled inputs content to be not just from bottles, but also from textiles. We believe we've hit the right note with 50% content of Textile Takeback, but 100% recycled. We believe, based on the messaging we've been getting from the brands, that we are right on the sweet spots for them to be able to communicate. I've actually spent time personally talking to brands in Europe and in the U.S., and based on their reaction... And the reaction is different depending on the brand, but based on the sum reaction of all these brands and retailers, we think we've hit on a nice balance of circularity and sustainability. Because some customers are based on are focused on carbon reduction. Some customers are based on fossil fuel consumption depletion, and this provides the answers to both. And I think what's really exciting, Anthony, is the fact that one of these products is a new product line for us, insulation, and it allows us to call directly on the brands, and we can get spec'd in as a solution for providing a recycling content product. Gotcha. Yeah, that sounds very good. Yeah, so as far as I know it's hard to say for sure, probably as far as the timing of this pending legislation, but I mean, as far as what you know, like, what's the earliest that you think that you could actually see that going through, yeah, because I think that could be meaningful to you guys? I think in the second half of this fiscal year, the January through July period, we'll start to see. We'll be sampling now, but we'll start to see meaningful production orders and really at the beginning of our fiscal 2026, 12 months from now, ten months from now, it'll be in our budget, and it'll be visible from a revenue perspective and margin perspective. Mm-hmm. But we are planning for the next six months to fulfill the sampling needs of all the customers, so they can figure out how and when to put it into their programs. Gotcha. Good. Okay, and then, as far as the Beyond Apparel initiative, I know that's something you guys have talked about, certainly in the past. As far as, you know, thinking about this, you know, going forward here, are you actually, you know, gaining some new customers? Are you actually seeing more purchase orders come in? And, you know, maybe if you could just provide a little bit more detail on the Beyond Apparel initiative, that'd be helpful. Yeah, it's we have talked about Beyond Apparel a lot in our calls, really the last 12-18 months. We are seeing traction, we are seeing commercial orders, and I believe by, in the next call, we'll be able to outline some of the revenue impacts that we're gonna see from these initiatives. Right now, I can't give specific details, but I'm very confident that by, in the October call, we'll be able to outline the progress we've made and what that means to our business. But we are well on our way to making it part of our business. Thanks. But that's- Anthony, this is Al. Yeah. I just wanted to add something to Eddie's comments. Sure. In fiscal 2026, we'll see an impact, and probably a little bit in you know the end of this fiscal year. But the thing that's exciting is the products that Eddie's talking about, the new ones, with textile take back and the insulation, they have significantly stronger margins than our base business. And then, if you go to the Beyond Apparel, I know we've been talking about it for a long time, but one of the new pieces of information is, to get qualified for some of these customers, it boy it takes a long time for qualifying the quality of your product, the timing, and to get contracts signed. But those are happening, and that's another one that has significantly better gross profit margins than the base business that we're into today. So I think going forward, we'll be less dependent. We're still gonna sell apparel, wanna be in the apparel business, but we'll be less dependent on it. And this new Textile Takeback is a real boost in the environmental sustainability story. So I wish these were gonna show up this quarter. They won't, but they will be probably by the end of this fiscal year. Okay. That's great to hear, and I appreciate the comprehensive answer. So I guess my last question, just to follow up, as far as the margin differential, any way you guys could quantify or give some more additional color as far as what the margin difference you think will be for the new products versus the, you know, legacy products? Sure, Anthony, it's A.J. Thanks for the questions, and thanks for joining this morning. Sure. In general, we're seeing that as in general double what we see from our base business. Certainly the base business is constrained, especially in the Americas right now, with fixed cost absorption and not getting the full volumes in that we've been chasing for several months now, so those margins are naturally suppressed, but you've seen those in the past in the low double digits, somewhere between eight, 12, 15% that we've been able to perform in the better years, so with these new products, as they have some innovation underlying those, and we're able to really key in on what customers need with the new products, we're able to see double the margin there in many cases. All right. Well, that's great to hear, and I look forward to seeing the progress that you guys will be making this year. So thank you very much, and best of luck. Thank you. Excellent. Thank you, Anthony. Thank you, Anthony.