Broder Bros., Co. saw first quarter net sales decrease 4.3% to $200.6 million from $209.6 million for the first quarter last year.
Loss from operations for the first quarter 2007 was $7.8 million compared to a loss of $0.4 million for the first quarter 2006. First quarter 2007 net loss was $11.1 million, widening from a loss of $5.3 million for the first quarter 2006.
The company's Broder division, which includes results from the Amtex business acquired in September 2006, recorded a 2.8% increase in first quarter net sales to $81.6 million from $79.4 million last year.
First quarter revenues at the the Alpha division decreased 9.2% to $95.3 million from $105.0 million in the first quarter 2006. The NES division also posted a sales decrease for the quarter, down 6.0% to $23.7 million from $25.2 million in the first quarter 2006.
