Delta Apparel, Inc.'s Board of Directors has increased the company's authorization to repurchase stock in open market transactions by an additional $5.0 million. This increase brings the total amount authorized for share repurchase to $11.0 million, of which $5.9 million remains available for future stock repurchase.
Robert W. Humphreys, President and CEO, commented, “Our repurchase program illustrates the Company's commitment to increasing shareholder value. The stock repurchase program is an excellent use of our capital and is accretive to the per share earnings of our stock.”
