Boston, MA 05/01/2014 (wallstreetpr) – The more than $8 billion leading maker and marketer of Apparel Maker Hanesbrands Inc. (NYSE:HBI) has earned another environmental protection award. The latest award marks the fifth consecutive year that the company has been recognized for its outstanding efforts to reduce carbon emissions and greenhouse gas.
The U.S. Environmental Protection Agency (EPA) award also recognized many other organizations that have demonstrated excellence in energy management. Out of about 16,000 organizations that participated in this year’s Energy Star program, Apparel Maker Hanesbrands Inc. (NYSE:HBI) emerged as one of just a handful of 72 companies and organizations that have been honored with the 2014 Sustainable Excellence Award. The award will be presented at a dinner in Washington, D.C.
Efficient energy usage
Hanesbrands Inc. (NYSE:HBI) has various long-term energy management goals, all of which have a significant contribution in reducing its worldwide greenhouse gas. The company employs renewable energy in its operations. Such include geothermal power, hydroelectric and biomass. These enable the company to keep away from carbon-based energy.
According to CEO Richard A. Noll, environmental protection and energy management are more like second nature at Hanesbrands Inc. (NYSE:HBI). The company also prides itself of a leading role in corporate social responsibility under what is called “Hanes for Good.” Therefore, the environmental protection award, coming for the fifth consecutive time, truly captures the efforts that the company is making.
On the business side
Hanesbrands Inc. (NYSE:HBI) did not have many things to celebrate about when it reported Q12014 performance results last week. The company witnessed its net incoming going down 19 percent from $51.4 million a year ago to $41.6 million in the latest quarter. Revenue in the quarter was up 12 percent to $1.06 billion from $945 million a year earlier.
However, despite a dip in profit, the company’s performance was encouraging considering the harsh economic environment. Therefore, Hanesbrands Inc. (NYSE:HBI) raised profit expectation in the current year. The company expects full-year 2014 revenue to be $5.1 billion.
