Textured yarn maker has got off to a strong start in its new financial year after quadrupling its first quarter profit.

The Greensboro, North Carolina firm, which specialises in multi-filament polyester and nylon yarns and related raw materials, said net income soared to $10.2m or $0.17 per share, from $2.5m or $0.04 per share a year earlier. Sales in the three months to 30 September surged 22% to $174m, up from $143m last time.

Results were helped by favourable business conditions across its largest end-use segments, the company said, as well as operational efficiency gains and improved domestic conversion margins.

"Although uncertainty remains around consumer demand amid rising raw material prices, we are prepared to react quickly and are confident in our ability to recoup raw material cost increases we are experiencing," said Bill Jasper, president and CEO.