Operator

Good morning, and thank you for attending Unifi's Third Quarter Fiscal 2026 Earnings Conference Call. 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 2 of that slide deck for cautionary statements and non-GAAP measures. Today's conference is being recorded. [Operator Instructions]

Our speakers are listed on Page 3 of today's presentation and include Al Carey, Executive Chairman; Eddie Ingle, Chief Executive Officer; A.J. Eaker, Chief Financial Officer.

I will now turn the call over to Al Carey. Please turn to Page 4 of the presentation.

Albert Carey
Executive Chairman

Thank you. Good morning, everyone, and thanks for joining our call. We're pleased to report that our year-long effort to reduce our cost base and improve cash generation is providing results. As a matter of fact, we're a bit ahead of expectations for Q3. A.J. is going to take you through the full story in a few minutes, but here are the 3 top headlines. The Madison plant closure is complete. Number two, the much improved efficiencies in our current plant. And three, we've optimized our product lines and SKUs so that we don't have products that contribute no profitability to our lineup. These actions set us up for improved profitability, especially as revenue begins to pick up and we're able to see higher levels of capacity utilization.

There was one area that did not see a reduction in cost over the last 12 months, and that was