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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Humphreys concluded, “We consider our fiscal 2013 first quarter an important start to meet our goals for the year. While there is a lot yet to be accomplished, we believe we are well positioned for further revenue growth and improved earnings.”
Fiscal 2013 Guidance
The company believes that the guidance previously provided for fiscal 2013, inclusive of the previously mentioned $1.2 million first quarter charge, can be achieved. Based on anticipated net sales growth and higher unit volume leveraging fixed costs, the company expects to reach record revenues in the range of $500 to $510 million for fiscal 2013, or about a three percent increase over 2012. Net income is expected to be in a range of $1.65 to $1.80 per diluted share.
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- Companies:
- Delta Apparel
- Hazel Promotional Products
- People:
- Robert W. Humphreys
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