Delta Apparel Inc

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

USA: Delta Apparel In Talks To Buy $2.5m Plant | 7 Feb 02

According to filings logged Wednesday with the Securities and Exchange Commission, Delta Apparel Co is negotiating the purchase of an idle textile plant in the south-eastern US for about $2.5 million.

USA: Delta Apparel Posts Sales Slip | 18 Jan 02

Leading US-based T-shirt, golf shirt and tank top manufacturer, Delta Apparel Inc, on Thursday announced a 7.7 per cent fall in second quarter sales to $24.3 million from the year ago period. In a statement, the firm said the fall was the result of a 4.2 per cent decrease in unit volume and a 3.7 per cent drop in average selling prices from the prior year quarter, while sales for the first six months of fiscal year 2002 were $55.4m, down $1.7m, or 2.9 per cent, from the first six months of last year.

USA: Delta Apparel Reports Record Earnings | 17 Aug 01

Delta Apparel, Inc. (AMEX: news) today announced that its net sales for the twelve months ended June 30, 2001 were $120.4m, a 5.2% increase from the prior year. Fully diluted earnings per share for fiscal year 2001 were $4.03, up $2.03 per share from $2.00 earnings per share in fiscal year 2000.

USA: Delta Apparel Moves Sewing Offshore, Cuts 106 Jobs | 12 Jun 01

Delta Apparel, Inc is to close its Washington, Georgia sewing facility, cutting 106 jobs. Bob Humphreys, president and CEO, said: "With the increasing competitive nature of our business, we could no longer justify the additional cost associated with running a domestic sewing facility.'' The closure of the last domestic sewing plant completes the company's movement of sewing operations offshore and will save over $1m in operating expenses annually.

USA: Delta Apparel Reports Record Third Quarter | 23 Apr 01

Despite challenging retail conditions over the past few months, Delta Apparel Inc recorded sales of $28.0m for the third fiscal quarter ended 31 March 2001. This is up $0.7m or 2.5 per cent from the third fiscal quarter of last year . The vertically integrated supplier of knit apparel saw operating earnings at $3.0m, up $0.1m, or 4.2 per cent from the third fiscal quarter of last year. Net earnings for the quarter were $2.2m, up $1.4m from the third fiscal quarter of last year. Net earnings were 7.8 per cent of sales, compared with 2.7 per cent of sales in the prior year quarter.

USA: Delta Apparel Settle Wrongful Death Lawsuit | 1 Feb 01

The Delta Apparel Co has recently settled a product liability and wrongful death lawsuit according to a Securities and Exchange Commission Form 10-Q. The lawsuit alleged that the death of Miss Scelza was caused by her bodysuit and sweatshirt catching fire while she was using a gas range. The lawsuit, filed against Delta Apparel and its sister company Duck Head Apparel, sought $95m plus punitive damages. The company revealed that the settlement has been fully covered by its insurance.

USA: Delta Apparel Creates Customer Link With Internet Business | 29 Jan 01

Delta Apparel Inc has announced the launch of its new Internet site that will enable customers to check their order status, look at their account information, check teh stock availability, and place an order on online. The new site is currently being rolled out to the company's field sales representatives for their use, and will be activated on February 2nd for general industry access.

USA: Delta Apparel Earnings Up 58 Per Cent | 19 Jan 01

For the second fiscal quarter ended December 30, 2000, Delta Apparel recorded sales of $26.4m, up $4.8m or 22.3 per cent from the second fiscal quarter of last year. The increase in sales was almost entirely a result of increased unit volume. Operating earnings were $2.0m, up $0.7m, or 58 per cent from the second fiscal quarter of last year. EBITDA for the quarter was $3.6m, up $0.7m or 25 per cent from the second fiscal quarter of last year.

USA: Duck Head/Delta Boardroom Battle Heats Up Jane Mallin | 3 Nov 00

It promises to be a stormy AGM on November 8 at Duck Head Apparel, the recent spin-off from Delta Woodside. The company is in the middle of a boardroom spat, with management and one of its largest shareholders battling for supremacy.In a rebuttal of yesterday's news that Delta executives were being backed up by proxy advisory firm, Institutional Shareholder Services (ISS), Bettis C Rainsford announced today that Proxy Monitor, another advisory company, has recommended that investors support the Rainsford director nominees and the shareholder proposal contained in the Rainsford proxy statement for the Duck Head Apparel annual meeting.Mr Rainsford is leading a solicitation effort in opposition to the current board. He was a co-founder and the long-time CFO of Delta Woodside Industries, the company from which Duck Head was spun off earlier this year.Proxy Monitor has recommended a vote for the election of the Rainsford director nominees and for the approval of the Rainsford shareholder proposal to direct the Duck Head board to cause Duck Head to take all actions necessary to cancel the right previously granted to Robert Rockey, the compny's chairman, to purchase one million shares of company stock at a price that is currently below market value. Proxy Monitor recommended that investors execute their votes on the Rainsford blue proxy card."We are pleased that Proxy Monitor, a reputable and independent proxy advisor, supports our nominees and shareholder proposal," said Mr Rainsford.

USA: Delta Apparel Receives Support From ISS | 2 Nov 00

Delta Apparel today reported that Institutional Shareholder Services (ISS), the US's leading independent proxy advisory firm, has recommended that its subscribers vote for the re-election of Delta Apparel's director nominees and against the slate of nominees proposed by Bettis Rainsford at its November 7, 2000 annual meeting of shareholders.

USA: Hartwell Industries Enhances Management Team | 31 Oct 00

Trivest, through its affiliate Hartwell Industries, is pleased to announce it has brought together a team of seasoned industry professionals to lead the company's operations and growth opportunities. Stanley D. Burson has been appointed chairman of the Board and chief executive officer of Hartwell Industries.

USA: Delta Apparel Makes First Quarter Progress | 20 Oct 00

The first quarterly results posted by Delta Apparel Inc(AMEX: DLA)since it became an independent business at the end of June, showed on-target sales of $30.6 million, up 6.9 per cent from $28.7 million in the first fiscal quarter of last year. The company, a vertically integrated supplier of knit apparel, particularly T-shirts, also benefited from increased output at all of its factory facilities. The gross margin increased to $7.2 million, or 23.6 per cent of sales, compared to $3.7 million, or 12.9 per cent of sales, in the prior year quarter. Operating earnings were $4.6 million, up $2.8 million from $1.8 million in the first fiscal quarter of last year."Delta Apparel made considerable progress during the first quarter of fiscal 2001 in accomplishing its short term and long term business objectives," said president and CEO Robert W Humphreys. "Sales growth was on target, and we exceeded our gross profit expectations for the quarter. This performance was driven by a further improvement in our sales mix." "We also made progress on the manufacturing front with increased output at all of our facilities compared to the first quarter of last year. During the quarter, we started training sewing operators for our Mexico expansion and are now making first quality garments in our training center."





just-style homepage

Forgot your password?