Delta Apparel (DLA) Tops Q4 EPS by 40c

Delta Apparel (NYSE: DLA) reported Q4 EPS of $0.96, $0.40 better than the analyst estimate of $0.56. Revenue for the quarter came in at $114.7 million versus the consensus estimate of $109.4 million.

Robert W. Humphreys, the Company’s Chairman and Chief Executive Officer, commented, “Our fourth quarter and full year performance, which outpaced our expectations, showcases the strength of our unique business model servicing diversified sales channels using our innovative supply chain technologies and vertically-integrated, flexible manufacturing platform. We ended the fiscal year on a positive note, with broad-based fourth quarter top line performance and solid margin expansion. I am incredibly proud of our entire organization whose hard work has enabled us to post these extraordinary results.”

Humphreys continued, “Brand awareness and consumer engagement with Salt Life is at an all-time high, which is driving exceptional growth in our branded retail stores as well as our wholesale business. Within our Delta Group, we continue to see strong demand from brands, retailers and retail license accounts utilizing our comprehensive and diverse services. With record-level manufacturing output we are rebuilding our inventory levels and I am confident we are poised to continue to deliver outstanding results in fiscal 2022 and beyond. We believe our solid financial position, including historically low debt leverage at only 2.5 times EBITDA, and strong cash flows allow us to fund our growth initiatives while also providing liquidity for other actions to increase shareholder value.”

For earnings history and earnings-related data on Delta Apparel (DLA) click here.

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