Gildan Activewr Stock Price, News & Analysis

Gildan Activewear Inc. (GIL) has announced the date for its 2024 third quarter earnings release. The company will report its results on Thursday, October 31st, 2024, before markets open. A conference call is scheduled for the same day at 8:30 AM ET to discuss the results.

Investors can access the conference call by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 7966565#. A replay will be available for 7 days starting at 12:30 PM EST. Additionally, a live audio webcast of the conference call and its replay will be accessible online.

In 2023, Gildan's Australian office achieved full certification in mental health first aid, empowering employees to identify and support those in need. David Hillen, Sales Director at Gildan, spearheaded this initiative after a personal experience with a colleague facing mental health issues. Hillen pursued certification through the Mental Health Foundation Australia (MHFA) and became a certified trainer to make the course more accessible to his network.

The initiative gained support from senior management and gradually spread throughout the office. The course covered four broad mental health topics, teaching participants to recognize warning signs and intervene effectively. As a result, the office has seen increased openness in discussing mental health and created a safer work environment. Hillen encourages others to take the first step in advocating for causes they're passionate about, emphasizing the potential for significant impact within a global organization like Gildan.

Gildan Activewear's summer internship program welcomed over 30 interns across offices in Canada, Barbados, and the United States in 2024. The program offers opportunities for students and recent graduates to support various functions, develop skills with experienced mentors, and network with professionals. Shannon Preston, Vice-President of Human Resources, emphasizes the program's role in inspiring responsible future leaders.

Seven interns shared their experiences, highlighting diverse projects and learning opportunities. Interns worked in areas such as Customer Service, SOX Compliance, Corporate Marketing and Communications, Legal, Human Resources, and Digital Marketing. They valued the chance to take ownership of projects, collaborate with different departments, and gain insights from company leaders. The program included activities like lunch and learns, workshops, and the celebration of Gildan's 40th anniversary.

Gildan Activewear (GIL: TSX and NYSE) has announced its participation in the 28th Annual Scotiabank Back to School Conference in Toronto on September 18, 2024. Glenn J. Chamandy, President & CEO, and Rhodri J. Harries, Executive Vice-President, CFO and CAO, will represent the company. They will engage in a fireside chat and conduct one-on-one meetings with investors during the event. This conference provides an opportunity for Gildan to interact with the investment community and potentially discuss the company's performance, strategies, and outlook.

Gildan Activewear reported Q2 2024 results with net sales of $862 million, a 3% increase from last year. The operating margin was 16.4%, and adjusted operating margin stood at 22.7%. The company achieved a GAAP diluted EPS of $0.35 and an adjusted diluted EPS of $0.74, marking a 17% year-over-year increase.

Gildan generated cash flow from operations of $140 million and free cash flow of $104 million. The company returned $182 million to shareholders through dividends and share repurchases and announced a repurchase plan for up to 10% of its public float.

The company reconfirmed its full-year 2024 guidance, projecting revenue growth in the flat to low single-digit range and adjusted diluted EPS between $2.92 and $3.07.

Gildan also outlined a three-year outlook with mid-single-digit annual sales growth and mid-teen adjusted diluted EPS growth.

Gildan Activewear Inc. (NYSE: GIL) has announced the date for its 2024 second quarter earnings release. The company will report its Q2 results on Thursday, August 1st, 2024, before markets open. A conference call is scheduled for the same day at 8:30 AM ET to discuss the results.

Investors and analysts can access the call by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) with passcode 5492469#. A 7-day replay will be available starting at 12:30 PM EST. Additionally, a live audio webcast and replay of the conference call will be accessible online.

Gildan Activewear (GIL: TSX, NYSE) has been named one of the Best 50 Corporate Citizens in Canada by Corporate Knights for the third consecutive year. Gildan is the only company in its sector to make the list. Additionally, Gildan has been included in TIME's inaugural World’s Most Sustainable Companies for 2024, one of only 12 Canadian companies featured.

Corporate Knights' list assesses Canadian corporations with revenues over CAD $1 billion on up to 25 performance indicators, including carbon emissions and social equity. TIME's list evaluates over 5,000 global companies on more than 20 data points, including ESG rankings, emissions, energy intensity, and gender diversity in leadership.

CEO Glenn Chamandy emphasized these awards as confirmation of Gildan's commitment to ESG and sustainability, which are core to their growth strategy.

Gildan Activewear (GIL) has released its 20th Environmental, Social, and Governance (ESG) report, marking two decades of ESG reporting.

The 2023 report showcases Gildan's progress towards its Next Generation ESG strategy and 2030 targets. Highlights include achievements like the publication of the first Corporate Citizenship Report in 2004, accreditation by the Fair Labor Association in 2007, and aligning with the Global Reporting Initiative framework in 2008.

The company has also disclosed ESG data according to the Sustainability Accounting Standards Board standards since 2021 and released its standalone Climate Change Disclosure Report in 2022.

CEO Glenn Chamandy emphasized the integral role of ESG in Gildan's operations and its commitment to sustainable practices as the company celebrates its 40th anniversary.

On World Environment Day, Gildan highlighted its two-decade-long commitment to sustainability through its ESG Steering Committee's efforts. The company's next-generation ESG strategy focuses on 12 goals across five areas: Climate, Energy, and Water; Circularity; Human Capital Management; Long-term Value Creation; and Transparency and Disclosure. Key leaders like Peter Iliopoulos, Claudia Sandoval, Juan Carlos Contreras, Carlos Duran, Israel Salinas, Kevin Freeman, and Esther Hackett shared their insights on driving sustainability initiatives. The strategy emphasizes reducing carbon emissions, conserving water, sustainable sourcing, enhancing community well-being, and transparent reporting. Gildan's ongoing projects reflect a dedicated approach to integrating ESG principles into its operations and long-term business strategy.