Consolidated Revenue Growth
The company grew consolidated revenue by more than 9% year-over-year in the second quarter despite uncertain economic conditions.
Branded Products Segment Success
The Branded Products segment experienced a 14% growth, with a meaningful pickup in business opportunities and order backlog remaining strong.
Profitability Improvement
Net income per diluted share increased to $0.10, up from $0.04 per diluted share in the second quarter of the previous year.
Cost Management
The company launched an initiative to reduce budgeted expenses, resulting in a slight improvement in SG&A as a percent of sales.
Strong Balance Sheet
The company maintained a strong balance sheet, actively repurchasing common shares during the second quarter.
Healthcare Apparel Growth
Healthcare Apparel revenues grew by 6% over the second quarter of last year, driven by volume increases in Wink and Carhartt products.