Delta Apparel, Inc.

Delta Apparel, Inc.

DLA
Delta Apparel, Inc.US flagNew York Stock Exchange Arca
0.58
USD
+0.08
- -
4.09MMarket Cap
Delta Apparel, Inc.
DLA
(New York Stock Exchange Arca)

Recent

price

0.58

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
41.78
49.85
56
57.96
59.57
- -
57.32
57.04
55.04
51.13
55.32
62.31
55.05
62.74
69.73
59.43
50.84
Revenue per Share
0.76
1.43
2.04
-0.29
1.12
- -
-0.12
1.03
1.16
1.4
0.19
1.19
-1.53
2.92
2.84
-4.75
-9.62
Basic EPS, GAAP
2.2
2.97
-0.6
-3.04
2.94
- -
0.64
1.85
-1.31
0.91
2.16
0.49
3.3
1.91
-4.69
1.2
9.12
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
7.51
8.93
11
10.76
12.16
12.43
12.62
13.69
15.11
16.92
18.02
19.78
18.3
21.11
23.97
19.1
12.64
Book Value per Share
10.38
11.78
13.88
13.65
14.34
9.55
9.87
10.87
12.21
15.91
13.48
13.62
12.26
14.37
17.37
14.28
9.34
Tangible Book Value per Share
9
9
8
8
8
8
8
8
8
8
7
7
7
7
7
7
7
Basic Weighted Avg Shares
355
424
475
490
491
- -
453
449
425
385
395
432
381
437
485
415
357
Sales/Revenue/Turnover
3.42
4.75
5.45
-1.27
2.83
- -
-0.37
1.87
4.25
4.2
4.4
3.68
-1.86
7.49
6.55
-4.87
-9.22
Operating Margin (%)
7
7
7
7
8
- -
9
10
10
10
10
12
13
14
15
15
15
Depreciation Expense
6
12
17
-2
9
- -
-1
8
9
11
1
8
-11
20
20
-33
-67
Net Income, GAAP
13.1
26.82
23.6
- -
7.29
- -
- -
19.86
18.84
5.88
89.48
5.72
- -
22.06
17.91
- -
- -
Effective Tax Rate (%)
1.82
2.87
3.65
-0.5
1.87
- -
-0.21
1.8
2.11
2.73
0.34
1.91
-2.78
4.65
4.07
-8
-18.92
Profit Margin (%)
135
125
161
187
173
172
156
131
150
155
150
155
131
138
186
148
2
Working Capital
86
62
84
111
95
131
114
94
107
88
101
122
171
156
196
188
62
LT Debt
112
126
142
139
141
139
138
144
152
156
150
154
143
164
183
150
106
Total Equity
5.14
7.41
9.33
- -
5.21
- -
- -
2.61
5.67
5.85
0.71
5.43
- -
7.46
6.93
- -
- -
Return on Invested Capital (%)
6.7
9.85
11.92
- -
6.38
- -
- -
5.88
5.99
6.68
0.88
6.14
- -
7.99
7.32
- -
- -
Return on Capital (%)
10.65
17.42
20.45
-2.66
9.61
- -
-0.96
7.8
7.98
8.61
1.04
6.2
-8.02
14.84
12.59
-22.13
-55.13
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'23
Dec'24
Mar'24
ST Debt
34
135
121
LT Borrowings
126
7
6
LT Finance Leases
61
60
56
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
46
50
21

Working Capital

FRC

in mil. unless spec.
Sep'23
Dec'24
Mar'24
Total Current Assets
263
235
198
Cash, Cash Equivalents & STI
- -
- -
1
Accounts Receivable, Net
45
32
35
Inventories
212
196
157
Total Current Liabilities
115
213
196
Payables & Accruals
69
78
76
ST Debt
34
135
121
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.19%
0.76%
-17.8%
Free Cash Flow
- -
-2.59%
-125.74%
Net Income, GAAP
- -
-54.95%
-268.25%
Sales/Revenue/Turnover
- -
1.75%
-14.34%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
111
132
127
116
485
2023
107
110
106
91
415
2024
80
79
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.52
1.46
0.9
-0.04
2.84
2023
-0.51
-1
-0.9
-2.34
-4.75
2024
-1.22
-5.15
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
Business
Delta Apparel, Inc. is a vertically-integrated, international apparel company specializing in the design, manufacture, sourcing, and marketing of a diverse portfolio of core activewear and lifestyle apparel products. Its primary brands include Salt Life, Soffe, COAST, and Delta, which cater to casual and athletic wear segments. The company offers blank apparel, decorated activewear, and lifestyle products through various channels, including outdoor, sporting goods retailers, specialty stores, mid-tier retailers, mass merchants, e-commerce platforms, the U.S. military, and direct-to-consumer retail stores. Delta Apparel operates digitally integrated direct-to-garment print and fulfillment services via DTG2Go technology across several U.S. facilities. Founded in 1903 and headquartered in Duluth, Georgia, the company has operations in the United States, Honduras, El Salvador, and Mexico employing approximately 8,500 people worldwide. In recent developments, Delta Apparel voluntarily filed for Chapter 11 bankruptcy protection in June 2024 amid financial distress and declining sales, leading to suspension of operations in certain areas and a reduction of debt obligations. The company commenced a liquidation process involving the sale of significant assets, including the Salt Life and Soffe brands. Notably, Salt Life was the subject of a competitive bidding process, eventually sold to entities such as Iconix International and Hilco Merchant Resources. The company's common stock was delisted from the NYSE American in mid-2024. Delta Apparel retained SB360 Capital Partners as liquidation consultant to manage the sale of remaining inventory and assets post-bankruptcy. Before bankruptcy, the company had diversified its offerings through partnerships with notable brands like Original Penguin, Callaway, and Jack Nicklaus to serve promotional product markets. Delta Apparel’s business segments include lifestyle apparel catering to coastal and southern-inspired casual wear, athletic basics favored by military customers, and branded digital print garment fulfillment services. The company’s geographic footprint spans North America and Central America, serving a broad retail and wholesale customer base with its multi-channel distribution strategy. Key recent changes include the extensive operational downsizing following bankruptcy proceedings, asset liquidation sales, delisting from a major stock exchange, and strategic reevaluation of its brand portfolio and business model in response to market challenges. Its digital print business DTG2Go, once a market leader in on-demand digital apparel fulfillment, faced operational and financial setbacks leading up to the bankruptcy filings. Delta Apparel, Inc. maintains a legacy in the apparel industry as a supplier of quality core activewear and lifestyle products, supported by integrated manufacturing and a broad distribution network, but is currently undergoing significant restructuring and asset divestitures as it addresses financial and operational challenges in 2024 and beyond.

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