Home / Knowledge / News / Apparel/Garments / Net profits up 30% at Delta Galil in Q1
Net profits up 30% at Delta Galil in Q1
May '12
Delta Galil Industries Ltd. the global manufacturer and marketer of branded and private label apparel products for men, women and children, reported its financial results for the first quarter of 2012.

Delta Galil reported sales of $168.1 million for the 2012 first quarter, compared to $157.4 million for the same period last year, an increase of 7%. The sales growth was primarily driven by strong performance of the Company's business in North America and Israel.

Net income for the 2012 first quarter was $3.9 million before capital gains (net of tax), increasing 30% from $3.0 million for the year-ago quarter. Diluted earnings per share before capital gains (net of tax) attributable to shareholders were $0.16 in Q1 2012, up from $0.12 in Q1 2011. Including capital gains, net income for the first quarter of 2011 (net of tax) was $5.8 million, or $0.24 per diluted share.

Quarterly Highlights
• Sales were $168.1 million in the 2012 first quarter, up 7% from the same period of 2011.
• Operating income before capital gains was $6.4 million, a 60% increase over the first quarter of 2011.
• Net income before capital gains (net of tax) was $3.9 million in the 2012 first quarter, compared to $3.0 million a year earlier, an increase of 30%.
• Net diluted EPS before capital gains attributable to shareholders was $0.16 in the 2012 first quarter, up from $0.12 in the 2011 first quarter.
• Net financial debt at March 31, 2012 was $40.8 million, decreasing from $79.9 million at March 31, 2011 and $53.8 million at December 31, 2011.
• Delta Galil declared a dividend totaling $1.9 million, or $0.0807 per share, to be distributed on June 20, 2012. The determining and "ex-dividend" date for this distribution will be June 6, 2012.
• Isaac Dabah, CEO of Delta Galil, noted: “Delta Galil continues to successfully pursue strategies to grow our branded business, geographic presence and product breadth.”

Growth in Global Markets, Continued Expansion
Isaac Dabah, CEO of Delta Galil, stated: “We have started 2012 on a strong footing, delivering a solid performance in the first quarter. Our sales increase primarily reflected our growth in North America, where we have gained share in the higher end of the market, and in Israel, where our retail business including the Delta Kids chain continues to expand.

“Overall, we have continued to focus on innovation, inspired by our 'body-before-fabric' philosophy, with the goal of creating an expanding portfolio of products that are differentiated in the marketplace and have a strong consumer appeal.”

“Delta Galil continues to successfully pursue strategies to grow our branded business, geographic presence and product breadth. In this regard, we recently announced an agreement to acquire Schiesser AG, the leading underwear manufacturer and marketer in Germany, in a deal that is expected to close in July 2012.

“The Schiesser transaction will significantly increase our sales of branded products, add depth in Europe's strongest market, and increase the Men's component of our business – while being solidly accretive to earnings this year.”

Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search