Delta Apparel Reports Fiscal 2013 First Quarter Results
Greenville, South Carolina-based Delta Apparel Inc. achieved record revenue for its fiscal 2013 first quarter ended Sept. 30, 2012.
Net sales for the fiscal 2013 first quarter were $130.1 million, a 5.3 percent increase over 2012 first quarter sales of $123.5 million. Net income for the 2013 first quarter was $3.6 million, or $0.41 per diluted share, compared with $4.4 million, or $0.50 per diluted share, in the prior year quarter. Net income for the fiscal 2013 first quarter was affected by a one-time charge of $1.2 million related to the previously disclosed internal investigation completed by the company's Audit Committee in September, which reduced first quarter earnings per share by $0.10. Excluding this one-time charge, net income would have been a first quarter record.
- Companies:
- Delta Apparel
- Hazel Promotional Products
- People:
- Robert W. Humphreys