Welcome to our dedicated page for Gildan Activewr news (Ticker: GIL), a resource for investors and traders seeking the latest updates and insights on Gildan Activewr stock.
Gildan Activewear Inc. (GIL) generates frequent news as a manufacturer of everyday basic apparel with a vertically integrated, large-scale production platform. Company updates often highlight developments in its activewear, underwear, socks, hosiery and intimates categories, as well as changes in its brand portfolio and customer channels across North America, Europe, Asia Pacific and Latin America.
Recent news has focused heavily on Gildan’s acquisition of HanesBrands Inc., which the company describes as creating a global basic apparel leader and doubling its revenues. Coverage includes the initial merger agreement, financing plans such as the pricing of senior unsecured notes, and the subsequent announcement that the acquisition has been completed, along with commentary on expected cost synergies and expanded scale.
Investors following GIL news will also see quarterly earnings releases detailing net sales, operating margins, category performance in Activewear and Hosiery and underwear, and commentary on the Gildan Sustainable Growth (GSG) strategy. These releases often include updated full-year guidance, information on capital allocation such as dividends and share repurchases, and discussion of demand trends in key markets.
Additional news items cover distribution partnerships and conferences, including exclusive wholesale distribution arrangements with S&S Activewear in the Canadian and U.S. imprintables markets, and participation in institutional investor and industry conferences. For readers tracking GIL, this news page provides a centralized view of corporate announcements, financial results, strategic transactions and channel partnerships related to Gildan’s basic apparel business.
Gildan Activewear Inc. (GIL) will release its 2022 second quarter results on August 4, 2022, prior to market opening. An audio webcast and conference call will follow at 8:30 AM ET to discuss the results. Investors can access the conference call by dialing (800) 715-9871 in Canada and the U.S., or (646) 307-1963 internationally, using passcode 9879499. Replay options will be available for a week. Gildan, a key player in basic apparel manufacturing, operates facilities in Central America, the Caribbean, and Bangladesh, upholding strong ESG practices.
Gildan Activewear Inc. (GIL) will participate in two upcoming conferences. Peter Iliopoulos and Claudia Sandoval will engage in a fireside chat at the Second Annual Stifel Sustainable Lifestyle Brands Conference on May 24, 2022, at 9:20 AM ET. Rhodri J. Harries will also participate in a chat at the 2022 RBC Capital Markets Global Consumer & Retail Conference on June 1, 2022, at 9:20 AM ET. Live webcasts will be available for 90 days post-event. Gildan is a leading apparel manufacturer with a commitment to ESG practices and operates large-scale facilities mainly in Central America, North America, and Bangladesh.
Gildan Activewear Inc. (GIL) successfully held its virtual annual meeting on May 5, 2022, where all eleven proposed director nominees were elected by majority shareholder votes. The company also received majority support for the non-binding advisory vote on executive compensation and the reappointment of its auditors. Detailed voting results show strong approval, with percentages for director elections ranging from 91.74% to 99.85% in favor. These outcomes reflect positive shareholder confidence in Gildan's leadership and governance practices.
Gildan Activewear (GIL) reported record first quarter sales of $775 million, a 31% increase year-over-year, driven by strong demand for activewear and favorable pricing. The company achieved an operating margin of 20.9% and a record GAAP diluted EPS of $0.77, marking a 54% increase from the previous year. Despite a significant decrease in free cash flow, Gildan continued to repurchase shares, buying back over 5 million shares. The company has also entered a sustainability-linked loan, highlighting its commitment to ESG targets.
Gildan Activewear (GIL) will release its Q1 2022 financial results on May 4, 2022, after market close. The company will host a conference call at 5:00 PM ET the same day to discuss the results and provide a business outlook. Shareholders are invited to the Annual General Meeting on May 5, 2022, at 10:00 AM ET, conducted virtually. Access details for both the conference call and AGM are available on Gildan's corporate website.
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Gildan Activewear Inc. (GIL: TSX and NYSE) has launched Gildan Respects™, an initiative enhancing its environmental, social, and governance (ESG) strategy. This campaign consolidates global ESG communications, promoting Gildan's commitment to sustainable manufacturing. The Gildan Respects™ campaign will showcase the company's ESG initiatives through various media, including an anthem film and social media marketing. Chuck Ward, President of Marketing, emphasizes that 'respect' is central to Gildan's ethos, reflecting two decades of commitment to ethical practices.
MONTREAL, March 1, 2022 - Gildan Activewear Inc. (GIL) will hold a virtual Investor Day on March 29, 2022, from 9:00 AM to 12:00 PM ET. The event aims to present the 'Gildan Sustainable Growth' strategy, featuring senior management discussions and an interactive Q&A session. Interested participants can pre-register for the webcast via a provided link, and a replay will also be available on Gildan's website. Gildan, a leading apparel manufacturer, emphasizes commitment to labor, environmental, and governance practices embedded in its long-term strategy.
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.