Delta Galil Industries Ltd the global provider of private label ladies' intimate apparel, socks, men's underwear and leisurewear reported results for the third quarter, which ended September 30, 2007.
• Third quarter revenues were $172.4 million compared to $184.0 million reported in the third quarter of 2006, a decrease of 6.3%.
• Revenues for the first nine months of 2007 were $481.5 million compared to $532.6 million reported in the first nine months of 2006, a decrease of 9.6%.
• Third quarter operating income was $7.7 million, compared to $8.2 million reported in the third quarter of 2006.
• Operating loss in the first nine months of 2007 was $0.9 million, compared to an operating income of $17.2 million in the first nine months of 2006. Operating income before restructuring expenses in the first nine months of 2007 was $9.9 million compared to $18.9 million in the first nine months of 2006.
• Third quarter net income was $2.9 million or $0.15 per diluted share, compared to a net income of $3.2 million, or $0.17 per diluted share reported in the third quarter of 2006.
• Net loss in the first nine months of 2007 was $13.8 million, or $0.73 per diluted share, compared to a net income of $2.7 million, or $0.15 per diluted share in the first nine months of 2006.
• Net loss before restructuring expenses in the first nine months of 2007 was $3.0 million, or $0.16 per diluted share, compared to a net income before restructuring expenses of $4.4 million, or $0.24 per diluted share in the first nine months of 2006.
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