Fourth quarter adjusted EBITDA rose 187% to $15.8 million, up from $5.5 million for the period ended Dec. 31. Revenues were 18% higher at $215.7 million from $182.8 million. For the full year, the apparel company posted a 170% increase in adjusted EBITDA to $46.1 million from $17.1 million as revenues grew 12% to $791.3 million from $705.2 million. FY gross margins grew 200 b.p. to 18.6%, or to $147.1 million.

Broder estimated that $13 million of the $30 million increase in gross profit was due to cost increases implemented by three of its major suppliers in 2010 that it passed ... Log in to view full article.