Delta Apparel Included in Russell 3000® and Small-Cap Russell 2000® Indexes
June 17 2019 - 8:15AM
Delta Apparel, Inc. (NYSE American: DLA), a leading provider of
core activewear and lifestyle apparel products, today announced
that it has been included in the preliminary list of additions to
join the broad-market Russell 3000® Index after market close
on June 28, 2019. The various Russell indexes are
reconstituted annually to reflect the 4,000 largest US stocks based
on total market capitalization.
Membership in the Russell 3000® Index means
automatic inclusion in either the large-cap Russell
1000® Index or small-cap Russell 2000® Index as well as
applicable growth and value style indexes. The Russell indexes are
widely used by investment managers and institutional investors for
index funds and as benchmarks for active investment strategies.
Approximately $9 trillion in assets are benchmarked against the
Russell indexes.
Robert W. Humphreys, Delta Apparel, Inc.’s
Chairman and Chief Executive Officer, commented, “Delta Apparel’s
inclusion in the Russell indexes is the result of our team’s hard
work and execution on the initiatives we put in place to create
value for our shareholders. We welcome the increased
visibility the Russell indexes bring and believe it will allow us
to communicate our growth story to a wider investor audience.”
About Delta Apparel, Inc. Delta
Apparel, Inc., along with its operating subsidiaries, Salt Life,
LLC, M. J. Soffe, LLC, and DTG2Go, LLC, is an international design,
marketing, manufacturing, and sourcing company that features a
diverse portfolio of core activewear and lifestyle apparel and
related accessory products. The Company specializes in selling
casual and athletic products through a variety of distribution
channels and distribution tiers, including department stores, mid
and mass channels, e-retailers, sporting goods and outdoor
retailers, independent and specialty stores, and the U.S. military.
The Company’s products are also made available direct-to-consumer
at its branded retail stores and on its websites at
www.saltlife.com, www.coastapparel.com, www.soffe.com and
www.deltaapparel.com. The Company’s operations are located
throughout the United States, Honduras, El Salvador, and Mexico,
and it employs approximately 8,100 people worldwide. Additional
information about the Company is available at
www.deltaapparelinc.com.
Cautionary Note Regarding
Forward-Looking StatementsThis press release may contain
“forward-looking” statements that involve risks and uncertainties.
Any number of factors could cause actual results to differ
materially from anticipated or forecasted results, including, but
not limited to, the volatility and uncertainty of cotton and other
raw material prices; the general U.S. and international economic
conditions; competitive conditions in the apparel industry;
restrictions on our ability to borrow capital or service our
indebtedness; deterioration in the financial condition of our
customers and suppliers and changes in the operations and
strategies of our customers and suppliers; changing consumer
preferences or trends; our ability to successfully open and operate
new retail stores; changes in economic, political or social
stability at our offshore locations; significant interruptions
within our manufacturing or distribution facilities or other
operations; our ability to attract and retain key management;
significant changes in our effective tax rate; interest rate
fluctuations increasing our obligations under our variable rate
indebtedness; the ability to raise additional capital; the ability
to grow, achieve synergies and realize the expected profitability
of acquisitions; the volatility and uncertainty of energy, fuel and
other costs; material disruptions in our information systems;
compromises of our data security; significant litigation in either
domestic or international jurisdictions; recalls, claims and
negative publicity associated with product liability issues; the
ability to protect our trademarks and other intellectual property;
and the other factors set forth in the "Risk Factors" contained in
our most recent Annual Report on Form 10-K filed with the
Securities and Exchange Commission. Except as may be required by
law, Delta Apparel, Inc. expressly disclaims any obligation to
update these forward-looking statements to reflect events or
circumstances after the date of this press release or to reflect
the occurrence of unanticipated events.
Company Contact:
Deborah Merrill, 864-232-5200
x6620investor.relations@deltaapparel.com
Investor Relations and Media Contact: ICR, Inc.
Investors:Tom Filandro, 646-277-1235
Media:Jessica Liddell, 203-682-8208DLAPR@icrinc.com
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