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In Brief: Del Labs

This article was originally published in The Tan Sheet

Executive Summary

Del Labs: Strong year-end results "enable the company to evaluate and move quickly" on future acquisitions, Del says Feb. 10. Net sales for the year ended Dec. 31 increased 12.9% to $263 mil., and earnings jumped 41.5% to $13.1 mil. Sales were "particularly strong" in its cosmetics business, the company notes. For the fourth quarter, sales rose 10.9% to $64.8 mil., while earnings grew 40% to nearly $3 mil. The firm attributes its record earnings levels to increased revenues, effective cost control and increased efficiency, as well as the ability to make necessary investments in technology, including computer ordering, invoicing and rapid inventory replenishment...
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