Fourth quarter sales were $114.9 million, compared with $122.6 million in the prior year September quarter. The company's adjusted net income of $1.7 million for the fourth quarter was an improvement over its net income of $0.6 million in the prior year period.
In response to prolonged sluggishness within the apparel markets and to better position the company as market conditions improve, in its fourth fiscal quarter Delta Apparel initiated a reorganization of its administrative structure at all levels to streamline decision-making and information flow, as well as reduce duplicative and excess fixed costs. The company also began evaluating other initiatives focused on improving net profitability in the face of this continued marketplace weakness.