HanesBrands Completes Acquisition of DBApparel and Increases Full-year Earnings Guidance
Reflecting the DBA acquisition, company increases 2014 financial guidance, including raising adjusted EPS expectations by $0.20 to a range of $5.40 to $5.60.
"We are delighted and proud to welcome DBA's 6,200 employees into the Hanes family, a combination that creates significant growth and margin-expansion opportunities by leveraging strong brands, leading market positions, disciplined innovation, and the best apparel supply chain in the industry," Hanes Chairman and CEO Richard A. Noll said. "DBA will immediately contribute to our financial results, and the purchase price of approximately 7.5 times EBITDA represents an excellent use of our free cash flow to generate significant shareholder value."
- Companies:
- Hanes Printables
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