Net income at the synthetic yarn producer tumbled 88% to $929,000 in the fiscal second quarter ended Dec. 26, from $7,464,000 last year, despite a 24% improvement in revenues to $201,410,000 from $162,776,000. Repreve recycled fiber sales represented 40% of the total up from 38% a year ago, and the Asia and Brazil segments both performed well. Gross margin dropped 750 basis points to just 8.4% in the quarter, attributed to labor shortages in its U.S. plants and increases in input costs for its polyester and ... Log in to view full article.