Unifi Inc., a producer of polyester and nylon yarns, reported fourth-quarter earnings and revenue that topped Wall Street expectations due to higher demand.

The Greensboro-based company reported net income of $10.8 million, or 58 cents per share, up 10.9 percent from net income of $9.7 million, or 52 cents per share in the fourth quarter of fiscal year 2017. Earnings would have been 39 cents per share but included a 19-cent per share gain to to the reversal of a tax position. Analysts were expecting earnings of 24 cents.

Revenue was $181.3 million for the fourth quarter, which ended June 24, up 5.9 percent from revenue of $171.3 million in the fourth quarter a year ago. Analysts were expecting revenue of $179.4 million.

“With our core strategy focused on innovation and sustainability, we are excited about the opportunities that remain ahead of us,” said Chief Executive Officer Kevin Hall in a statement. “Building strategic partnerships and deploying our resources efficiently for commercial expansion remain critical to achieving our long-term goals.”

Unifi’s shares rose $1.09, or 3.6 percent, to $30.96 in Thursday afternoon trading.

The company said its fiscal year 2019 outlook calls for “mid-single-digit percentage growth” in revenue and “mid- to high-single-digit growth” in operating income.

Analysts currently are projecting $705.7 million in revenue for the company in fiscal year 2019, which is a 3.9 percent increase from the $678.9 million in revenue reported in fiscal year 2018.

“While higher raw material costs significantly pressured our margins and profitability in fiscal 2018, we began to see a positive impact in the fourth quarter from recent pricing adjustments,” said Hall. “As we look to fiscal 2019, we plan for improvement in all our major performance metrics and continued progress against our strategic initiatives and long-term profitability.”

The company said its capital expenditures for the 2019 fiscal year should be $25 million.