Gildan Activewr Stock Price, News & Analysis

Gildan Activewear reported record Q4 sales of $784 million, a 14% increase from 2020 and 19% from 2019. For FY 2021, sales reached $2.9 billion, up 48% from 2020. Q4 diluted EPS was $0.89, with adjusted EPS at $0.76, reflecting an 85% increase from 2019. The company generated a Q4 free cash flow of $116 million, totaling $594 million for the year. A 10% dividend increase was announced along with a boost in the NCIB to 10% of public float. The Gildan Sustainable Growth strategy anticipates 7%-10% net sales CAGR over the next three years.

Gildan Activewear Inc. (GIL) is set to publish its 2021 fourth quarter and full year results on February 23, 2022. The announcement will be made before market opening, followed by a conference call at 8:30 AM ET to discuss financial outcomes and future business outlook. Access to the call will be available through designated phone lines and a live audio webcast on the corporate site. Gildan operates as a major basic apparel manufacturer with a range of well-known brands and a commitment to sustainable practices.

Gildan Activewear (GIL) has announced the acquisition of 100% of Phoenix Sanford, LLC, for approximately $168 million. Frontier Yarns, a subsidiary, specializes in producing cotton and polyester yarns. This strategic acquisition enhances Gildan's vertically integrated supply chain, bolstering yarn production for its textile expansion in Central America and the Caribbean. With around 800 employees and four facilities in North Carolina, Frontier has been a key supplier to Gildan, providing about 40% of its yarn needs in 2021.

Gildan Activewear (GIL) reported record third quarter sales of $802 million, a 33% increase year-over-year. Operating margin reached 25.1%, with GAAP diluted EPS at $0.95, reflecting a 167% rise from Q3 2020. The company generated record free cash flow of $232 million, and net debt stood at $287 million, yielding a leverage ratio of 0.4. This robust performance is attributed to improved demand, operational excellence, and the Back to Basics model, with sales surpassing pre-pandemic levels. Gildan initiated share repurchases totaling 3.3 million shares during the quarter.

Gildan Activewear Inc. (GIL) is set to release its third-quarter results on November 4, 2021. The announcement will precede a conference call at 8:30 AM ET that day, accessible via phone and live audio webcast. The company, known for its diverse apparel brands, operates large-scale manufacturing facilities mainly in Central America, North America, and Bangladesh. With a commitment to responsible practices, Gildan emphasizes sustainability throughout its supply chain. Investors and media inquiries can be directed to dedicated contacts listed in the press release.

Gildan Activewear Inc. (GIL) will have its Chief Financial Officer, Rhodri J. Harries, participate in the virtual Scotiabank 25th Annual Back to School Conference on September 14, 2021. Harries' session will include a fireside chat with an analyst at 10:30 a.m. ET, which can be accessed live through the company's investor events page. Gildan is a major apparel manufacturer with a diverse brand portfolio and a commitment to sustainable practices across its operations.