The red ink deepened at the recycled and synthetic yarn maker in the fiscal third quarter ended Mar. 30 to $16,794,000 against a loss of $10,295,000 on 2% lower revenues of $146,557,000 down from $148,996,000. Repreve recycled fiber accounted for 31% of sales ($44.7 mm), on par with last year. Gross margin was down 350 basis points to negative 0.3%, hurt by inflationary ... Log in to view full article.
