(GREENSBORO) -- VF Corp. reported its third quarter net income grew 24 percent. The Greensboro-based apparel manufacturer recorded net income of $300.7 million.  This is up from $242.8 million during the same period of the prior year.

"The strength of VF's diversified brand portfolio has never been more evident," said Eric Wiseman, Chairman and Chief Executive Officer. "These results - in this environment - clearly demonstrate that VF has the right brands and strategies for strong and sustainable long-term growth. Our businesses continue to post healthy and very profitable organic growth, and the acquisition of Timberland further strengthens our portfolio with the addition of two outstanding outdoor brands."

The company's third quarter revenues rose 23 percent to $2,750.1 million from $2,232.4 million in 2010. The acquisition of The Timberland Company, which was completed on September 13, added $163.6 million to revenues.