i Adams Millis AmCO NcWS Ciorr.i Vol. 41, No. 1 April, 1985 Housekeeping Award Adams-Millis Plant 3 in Kernersville has won the Presi dent’s Housekeeping Award for the last half of 1984 according to R- M. Bundy Jr., President and Chief Operating Officer. Second place in the competition went to Plant 11 in Mount Airy while Plant 2 in Mount Airy earn ed third place. “On behalf of all the manage ment of Adams-Millis Corpora tion, I extend my congratulations to the management, supervision, and employees of this fine plant for being selected as the winner of this award,” Bundy said in an nouncing Plant 3 as the first place recipient. The winners were selected on the basis of results of announced inspections conducted during the last six months of 1984. “Congratulations to all these plants for their contribution in Housekeeping Program,” our Bundy added. Dividend Adams-Millis Corporation Board of Directors declared a regular quarterly dividend of eight cents per share payable March 8, 1985 to shareholders of record February 20, 1985. Checking Quality Quality always is of foremost importance in production of con sumer goods. Kay Mac Donald is one of the people at Adams-Millis who keeps a constant vigil on the quality of the company’s pro ducts. At right she checks fibers in some women’s hosiery. Periodic checks also are made of products made by other com panies, At left, Corrine Rogers checks fit of sheer hosiery. A-M Becomes Exclusive Licensee For Hanes-Sox In a joint statement, James H. Millis, Sr., Chairman, Robert M. Bundy, Jr,, President, of Adams- Millis Corporation, and Jack Earnings James H. Millis, Sr., Chariman and Chief Executive Of ficer of Adams-Millis Corporation, reported that earnings from continuing operations for the year ended December 30, 1984, increased 67 percent to a record $5,741,000 ($2.50 per share) as compared to $3,434,000 ($1.50 per share) the previous year. Earnings from continuing operations for the fourth quarter of 1984 increased $95 percent to $1,819,000 ($.79 per share) from $617,000 ($.27 per share for the 1983 fourth quarter. The 1984 net earnings of $5,741,000 ($2.50 per share) as com pared to $4,811,000 ($2.10 per share) in 1983 which included a gain from the discontinue TexElastic Division of $1,377,000 ($.60 per share). Millis stated that the 34 percent increase in net sales from $82,795,000 in 1983 to $111,223,000 for 1984 was due primarily to sales generated by Silver Knit. Net Sales for the fourth quarter of 1984 were $28,739,000 as compared to $21,806,000 for 1983. Millis went on to say that the increase in sales and earnings for Adams-Millis resulted from the addition of Silver Knit In dustries, Inc. acquired in January 1984 and from new brand ed hosiery lines. Ward, President, Hanes Knitwear, a division of Con solidated Foods Corporation, an nounced that effective January 1, 1985, Adams-Millis Corporation became a licensee of Hanes for socks. Mr. Millis stated that the ar rangement is part of the com pany’s continuing plan to in crease sales and profits through greater penetration within the hosiery industry. As a part of the licensing ar rangement, Adams-Millis Cor poration has purchased the Hanes interest in Hanes-Millis Sales Corporation, the previous licensee of the Hanes Label for socks. Adams-Millis will operate Hanes-Sox, maintaining the cur rent personnel, policies and chan nels of distribution for the Hanes Red Label socks with Robert O. Haas continuing as president of the company. A profile of the new Hanes-Sox Co. will appear in a later issue of Amco News,

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