Net loss narrowed at the recycled and synthetic yarn maker in the fiscal third quarter ended Mar. 29 to $2,306,000 against a loss of $16,794,000 on 11% lower revenues of $130,037,000, down from $146,557,000, aided by significant cost-reduction initiatives. Repreve recycled fiber accounted for 29% of sales ($38.2 mm), slightly down from last year. Gross margin swung to positive, improving 730 basis points ... Log in to view full article.
