Gildan Activewear

Gildan Activewear, Inc. is engaged in the manufacturing and sale of printwear and branded apparel. Its products include activewear, underwear, socks, hosiery, and legwear. The firm operates under the brand name Gildan, Alstyle, American Apparel, Comfort Colors, GOLD TOE, Anvil, Secret, Silks, and Peds. The company was founded by Glenn J. Chamandy and H. Gregory Chamandy on May 8, 1984 and is headquartered in Montreal, Canada.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Gildan Activewear, Inc. engages in the manufacture and sale of print wear and branded apparel. Its products include activewear, underwear, socks, hosiery, and legwear. The firm operates under the brand names Gildan, Alstyle, American Apparel, Comfort Colors, GOLD TOE, Anvil, Secret, Silks, and Peds. The company was founded by Glenn J. Chamandy and H. Gregory Chamandy on May 8, 1984 and is headquartered in Montreal, Canada.

MONTREAL, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today announced that Glenn J. Chamandy has left his position as President and Chief Executive Officer and director of the Company. Vince Tyra has been appointed President and CEO effective February 12, 2024. Craig A. Leavitt, a director of the Company since 2018, will serve as Interim President and Chief Executive Officer until Mr. Tyra assumes his new position. “The Board is confident that Vince is the right person to lead the Company into the next stage of its evolution and growth. He has an extensive career as a global organization leader with experience as an apparel industry executive, an operator, an investor and transitioning founder-led companies.  Vince's diverse professional background will provide the necessary leadership skills to propel Gildan to even greater success,” said Donald C. Berg, Chairman of the Board. “Over the span of his 40 year career, Glenn has been a forerunner in our industry, taking Gildan from a small family-owned business to a leading apparel company with over US$3 billion in revenues,” said Mr. Berg. “We thank Glenn for his service and wish him well.” The Company remains fully focused on the Gildan Sustainable Growth strategy and its three key pillars: Innovation, Capacity-driven growth and ESG. As such, we look to continue leveraging our core strengths and reinforcing what we do best -large-scale, low cost, vertically integrated manufacturing. Mr. Tyra stated, “I am looking forward to joining Gildan early in the new year. It is a truly iconic business with an unparalleled global reputation. I look forward to working closely with the Board and the senior executive team, and all of the extremely talented employees to leverage their knowledge and expertise so that we continue maximizing value for all of Gildan's stakeholders.” Throughout a career spanning leadership roles in the apparel and investment sectors, Vince has demonstrated an exceptional ability to drive growth and shareholder value, while building strong teams and key relationships with a diverse range of stakeholders. Vince brings to Gildan a deep understanding of the apparel industry from manufacturing processes to distribution and brand building. He led alphabroder where he spearheaded the transformation of the business through a merger and during his six years as CEO, he tripled alphabroder's revenue, making it the industry leader. Before alphabroder, Vince was President of Fruit of the Loom, where he led a turnaround of the company culminating in its sale to Berkshire Hathaway. Vince also brings strong financial acumen. He was an Operating Partner at Southfield Capital, where he was a member of the Investment Committee. Most recently, he served at Houchens Industries as Senior Vice President of Corporate Strategy and Mergers and Acquisitions, leading the strategic growth of this US $4 billion in revenue holding company, through investments in various industry sectors including consumer products and retail. He also served as the University of Louisville's Vice President and Director of Intercollegiate Athletics, establishing a new culture of excellence and compliance, while orchestrating the rebuilding of this major NCAA athletics program. “In my brief tenure as Interim President and CEO, it will be my privilege to work with this great team to ensure continued orderly operations of this highly profitable enterprise and ensure a successful transition for Vince as our new leader. Gildan is well positioned to build upon our strong market share and best in class capabilities,” said Craig A. Leavitt, Board member and new Interim CEO. Caution Concerning Forward-Looking Statements Certain statements included in this press release constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations and are subject to important risks, uncertainties, and assumptions. This forward-looking information includes, amongst others, information with respect to our objectives and strategies. Forward-looking statements generally can be identified by the use of conditional or forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “project”, “assume”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, or the negatives of these terms or variations of them or similar terminology. We refer you to the Company's filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, as well as the risks described under the “Financial risk management”, “Critical accounting estimates and judgments”, and “Risks and uncertainties” sections of our most recent Management's Discussion and Analysis for a discussion of the various factors that may affect these forward-looking statements. Material factors and assumptions that were applied in drawing a conclusion or making a forecast or projection are also set out throughout such document.

Gildan Activewear Announces Leadership Changes - Vince Tyra Appointed as President and CEO; Glenn Chamandy Leaving

GIL has left its operating margin outlook for FY 2023 unchanged, even though it expects its actual full-year revenue to fall at the lower end of its prior guidance. Looking forward, the market consensus sees Gildan's operating margin improving by +190 basis points in FY 2024, which is achievable considering the ramp-up in operations at its new Bangladesh plant. My rating for GIL remains as a Buy, as I expect that Gildan can command a higher valuation multiple in the future as its operating margin expands.

Gildan Activewear: It's All About Margins

Colliers International Group

TFI International

I read a recent Seeking Alpha article about Cenovus (NYSE: CVE ), easily one of Canada's best energy producers. The author's focus on CVE's buyback propensity had me thinking about other Canadian stocks making big share repurchases in 2023.

Corporate Confidence: 3 Canadian Stocks on a Buyback Spree

Gildan Activewear Inc. (NYSE:GIL ) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Jessy Hayem – Vice-President and Head-Investor Relations Rhod Harries – Executive Vice-President, Chief Financial and Administrative Officer Chuck Ward – President-Sales, Marketing, and Distribution Glenn Chamandy – President and Chief Executive Officer Conference Call Participants Paul Lejuez – Citigroup Chris Li – Desjardins Jay Sole – UBS Mark Petrie – CIBC Vishal Shreedhar – National Bank Financial Martin Landry – Stifel Brian Morrison – TD Securities Stephen MacLeod – BMO Capital Markets David Swartz – Morningstar Sabahat Khan – RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to the Third Quarter 2023 Gildan Activewear Earnings Conference Call. Please be advised that today's conference call is being recorded.

Gildan Activewear Inc. (GIL) Q3 2023 Earnings Call Transcript

(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Net sales of $870 million, up 2% Operating margin of 17.8%, adjusted operating margin1 of 18.1% GAAP diluted EPS of $0.73 and adjusted diluted EPS1 of $0.74 Cash flow from operations of $305 million and free cash flow1 of $265 million Capital returned to shareholders of $113 million during the quarter through dividends and share repurchases The Company updates its fiscal 2023 guidance to the lower end of previously provided revenue and EPS ranges while maintaining expected FCF generation above $425 million MONTREAL, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the third quarter ended October 1, 2023. "Our competitive position remains very strong in a challenging environment driven by our industry-leading vertically integrated manufacturing platform.

Gildan Activewear Reports Results for the Third Quarter of 2023 and Updates its Fiscal 2023 guidance

Gildan Activewear's (GIL) Q3 results are likely to reflect the impacts of a tough macroeconomic environment. Its strong brand, product innovation and customer service bode well for market share gain.

Factors to Influence Gildan Activewear's (GIL) Q3 Earnings

MONTREAL, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2023 third quarter results on Thursday, November 2, 2023. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results.

Gildan Activewear Announces Date for Third Quarter 2023 Earnings Release

Gildan Activewear Inc. (GIL: TSX and NYSE) announces today that Glenn J. Chamandy, President and Chief Executive Officer and Rhodri J. Harries, Executive

Gildan Announces Participation in CIBC's Annual Eastern Institutional Investor Conference

MONTREAL, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) announces today that Rhodri J. Harries, Executive Vice-President, Chief Financial and Administrative Officer and Chuck Ward, President, Sales, Marketing, and Distribution will participate in a fireside chat and one-on-one meetings with investors at the 27th Scotiabank Annual Back to School Conference in Toronto on September 20, 2023.

Gildan Announces Participation in the Scotiabank Back to School Conference

CHRIST CHURCH, Barbados, Sept. 15, 2023 (GLOBE NEWSWIRE) -- American Apparel® is pleased to announce a multi-year partnership as the official printwear supplier at select Live Nation festivals in the United States. This marks an exciting moment for the brand as it heightens efforts to deepen connections with its fans. As part of this partnership, American Apparel® will be at the Music Midtown festival in Atlanta, Georgia, debuting its Tee Lab activation booth today.

American Apparel® Teams Up with Live Nation, Showcasing Partnership at Music Midtown Today

Gildan Activewear is a manufacturer of unbranded activewear, focusing on sustainable growth in a sector with a 10-year CAGR of 6%. The company operates vertically integrated clothing operations, allowing for high-margin production and control over the supply chain. GIL faces risks such as dependence on top customers, duty costs in certain regions, and environmental effects on cotton prices.

Gildan Activewear: Vertical Integration Provides Sustainable Opportunity

MONTREAL, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to announce that it has published its latest Environmental, Social, and Governance (ESG) report, marking the Company's 19th year of public ESG disclosures. The report highlights Gildan's 2022 performance against key targets and the strong momentum generated across all of its global operations in the first year of activating its Next Generation ESG strategy.

Gildan Publishes its 19th Environmental, Social, and Governance (ESG) Report

Gildan Activewear, Inc. (NYSE:GIL ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Jessy Hayem - Vice President, Head of Investor Relations Rhodri Harries - Executive Vice President, Chief Financial and Administrative Officer Glenn Chamandy - President and Chief Executive Officer Chuck Ward - President, Sales, Marketing and Distribution Conference Call Participants Jay Sole - UBS George Doumet - Scotiabank Stephen MacLeod - BMO Capital Markets Luke Hannan - Canaccord Vishal Shreedhar - National Bank Financial Brian Morrison - TD Securities Martin Landry - Stifel Chris Li - Desjardins Capital Markets Brandon Cheatham - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q2 2023 Gildan Activewear Earnings Conference Call. Please be advised that today's conference is being recorded.

Gildan Activewear, Inc. (GIL) Q2 2023 Earnings Call Transcript

Gildan Activewear (GIL) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.86 per share a year ago.

Gildan Activewear (GIL) Q2 Earnings and Revenues Top Estimates

(all amounts are in U.S. dollars except where otherwise indicated)(1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release (2) T he target boundary includes land-related emissions and removals from bioenergy feedstocks

Gildan Activewear Reports Results for the Second Quarter of 2023 and Updates its Full Year Outlook

MONTREAL, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to announce that the Science Based Targets initiative (SBTi) has validated that the Company's 2030 near term greenhouse gas (GHG) emissions reduction targets are in conformance with the SBTi Criteria and Recommendations (version 4.2), marking a significant milestone in the advancement of the Company's ESG strategy. The SBTi's target validation team has classified Gildan's Scope 1 and 2 target and has determined that it is in line with a well-below 2ºC trajectory.

Gildan's Science-based Emissions Targets Validated by SBTi

MONTREAL, July 19, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2023 second quarter results on Thursday, August 3, 2023. A press release will be issued before markets open and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 9038229#. A replay will be available for 7 days starting at 12:30 PM ET by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as well as a replay, will be available at the following link Gildan Q2 2023 audio webcast.

Gildan Activewear Announces Dates for Second Quarter 2023 Earnings Release

Gildan is a leading global manufacturer of apparel products. Revenue growth has been good and is forecast to continue, driven by industry strength. The Company has deep expertise and a strong brand, allowing the business to remain a leader in the production of affordable "blanks". Margins are extremely attractive, with scope for improvement as inflationary pressures subside.

Gildan Activewear: A Journey Of Market Dominance

Gildan Activewear's capital allocation approach can be described as balanced and value-focused judging by the company's track record. GIL is able to sustain reasonably high operating margins in the 18%-20% range for full-year FY 2023, notwithstanding a lower-than-expected Q1 2023 operating margin of 14.6%. Gildan Activewear's PEG ratio is below 1, which indicates that the company's shares are undervalued.

Gildan Activewear: Staying Bullish Considering Key Investment Merits

G-III Apparel Group

Investors looking for stocks in the Textile - Apparel sector might want to consider either G-III Apparel Group (GIII) or Gildan Activewear (GIL). But which of these two stocks presents investors with the better value opportunity right now?

GIII vs. GIL: Which Stock Should Value Investors Buy Now?

MONTREAL, May 30, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that Rhodri J. Harries, Executive Vice-President, Chief Financial and Administrative Officer will participate in National Bank Financial's 13th Annual Quebec Conference in Toronto on June 1, 2023.

Gildan Announces Participation at Investor Conference

Gildan Activewear, Inc. (NYSE:GIL ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Elisabeth Hamaoui - Director, Investor Communications Rhodri Harries - EVP & Chief Financial & Administrative Officer Chuck Ward - President, Sales, Marketing & Distribution Glenn Chamandy - Founder, President & CEO & Non-Independent Director Conference Call Participants Brandon Cheatham - Citigroup Martin Landry - Stifel Nicolaus George Doumet - Scotiabank Luke Hannan - Canaccord Genuity Brian Morrison - TD Securities Christopher Li - Desjardins Securities Stephen MacLeod - BMO Capital Markets Jay Sole - UBS Mark Petrie - CIBC Sabahat Khan - RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2023 Gildan Activewear Earnings Conference Call. [Operator Instructions].

Gildan Activewear, Inc. (GIL) Q1 2023 Earnings Call Transcript

Gildan Activewear (GIL) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.76 per share a year ago.

Gildan Activewear (GIL) Lags Q1 Earnings and Revenue Estimates

(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release

Gildan Activewear Reports Results for the First Quarter of 2023 and Reconfirms its Full Year Outlook

Gildan Activewear's (GIL) Q1 performance is likely to have gained from better product availability and recovery in the international markets. However, higher raw material and manufacturing costs ail.

News for Gildan Activewear Stock (GIL)