Delta Apparel Reports Fiscal 2013 First Quarter Results
Record first-quarter revenue puts company on track to achieve full year goals.
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“In addition to improving our profitability during the quarter, we took action to improve the company’s balance sheet. We reduced debt by nearly $12 million compared to fiscal year-end 2012 and improved our days sales outstanding and inventory turns from the prior year. During the quarter, we repurchased nearly 73 thousand shares of Delta common stock, which we believe currently is an effective use of funds, especially since the stock has been trading below what we believe is its intrinsic value.”
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- Companies:
- Delta Apparel
- Hazel Promotional Products
- People:
- Robert W. Humphreys
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