Delta Apparel, Greenville, S.C., announced its intent to consolidate fabric production for basic, blank T-shirts at its Ceiba Textiles facility in Honduras, which, in turn will lower costs for those tees.
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Delta Apparel, Duluth, Ga., submitted a Form S-3 with a universal shelf registration to the Securities and Exchange Commission (SEC). The shelf registration, if the SEC deems it effective, would permit Delta Apparel to sell up to $100 million its securities, which may consist of common stock, preferred stock, debt securities, warrants or any combination of those options, through the next three years.
Delta Apparel CEO Robert Humphreys sold 22,314 shares of Delta Apparel stock on the open market in a transaction dated Thursday, November 21st. The stock was sold at an average price of $17.22, for a total transaction of $384,247.08. Following the sale, the chief executive officer now directly owns 438,731 shares of the company's stock, valued at approximately $7,554,948. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Delta Apparel traded up 1.19 percent on Friday, hitting $16.96. 23,440 shares of the company's stock traded hands.
Delta Apparel Inc. recently announced that Rod McGeachy will be joining Delta Apparel as president of the company's Soffe division, effective September 17, 2013.
Delta Apparel Inc. recently reported that net sales for the fiscal year ended June 29, 2013 increased to $490.5 million from $489.9 million in fiscal 2012, marking the company's tenth consecutive year of record sales. Net income for fiscal 2013 was $9.2 million, or $1.08 per diluted share, compared with a net loss in fiscal 2012 of $2.4 million, or $0.29 loss per diluted share. The net loss in fiscal 2012 was primarily due to the previously disclosed 2012 second quarter inventory markdown in the company's basics segment, which was necessitated by unprecedented, record-high cotton costs.
Delta Apparel Inc. announced today that its wholly-owned subsidiary, To The Game LLC, has acquired substantially all of the assets of Salt Life Holdings LLC, including all of its domestic and international trademark rights in the Salt Life brand.
Delta Apparel Inc. on Wednesday announced plans to consolidate its domestic screen print operations as part of its continued focus on more efficient manufacturing and distribution strategies. The consolidation will result in the closing of the Wendell, N.C. decoration facility operated by the company's Soffe business unit and the consolidation of those operations within Soffe's Fayetteville, N.C. facility.
Delta Apparel Inc. announced that the company will deliver a presentation on its business strategy and financial results to investors at Sidoti & Company's Semi-Annual Microcap Conference being held at the Grand Hyatt New York Hotel in New York.
Greenville, South Carolina-based Delta Apparel Inc. reported net sales of $120.1 million for its fiscal third quarter ended March 30, 2013, compared to $125.5 million in its 2012 third quarter.