Cost Restructuring and Efficiency Improvements
Implemented a cost restructuring initiative expected to save $5 million per quarter in manufacturing costs for the remainder of fiscal 2026. SG&A savings are also projected to be about $4 million for fiscal 2026.
Positive Momentum in Beyond Apparel Initiatives
Significant progress in Beyond Apparel initiatives, with a projected revenue run rate of around $20 million by the end of calendar 2026 in military, carpet, and packaging applications.
Growth in REPREVE Polyester Resin
Despite a 1% decline in REPREVE Fiber sales, the polyester resin performed well, showing positive signs for future growth.
ThermaLoop and REPREVE Takeback Expansion
Successful co-branded placements of ThermaLoop insulation products with Marmot and Lafuma. Positive reception of REPREVE Takeback, a 100% circular solution, contributing to future growth.