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Gildan Activewear Inc. (NYSE: GIL, TSX: GIL) stands as a paramount name in the basic apparel industry, revered for its extensive array of branded family apparel. Established in 1984 and headquartered in Montreal, Canada, Gildan has carved out a robust presence in the global market.
Company Overview:
Gildan's product portfolio is expansive, encompassing T-shirts, fleece, sport shirts, underwear, socks, hosiery, and shapewear. The company markets these products under a diversified range of owned brands such as Gildan®, Gold Toe®, Anvil®, and Comfort Colors®. Additionally, Gildan holds licenses for prominent brands including Under Armour® for socks, and Mossy Oak® and New Balance® for other apparel categories.
Market and Distribution:
Gildan is a key supplier in the printwear market across the United States and Canada, and has also established significant footprints in Europe, the Asia-Pacific region, and Latin America. The company serves a wide spectrum of customers, including wholesale distributors, major clothing brands, and screen printers. Moreover, Gildan’s retail initiatives span across North America, offering products directly to consumers through both physical stores and e-commerce platforms.
Manufacturing and Operations:
Gildan operates a vertically integrated business model, owning and managing large-scale manufacturing facilities primarily located in Central America, the Caribbean Basin, North America, and Bangladesh. This integration allows Gildan to maintain stringent quality control and reduce production costs, ensuring competitive pricing.
Recent Achievements and Projects:
Recently, Gildan has expanded its manufacturing capabilities with the opening of a new facility in Bangladesh, bolstering its production capacity. The company has also reaffirmed its commitment to Environmental, Social, and Governance (ESG) principles, aiming to achieve ISO 45001 certification across all its facilities by 2028.
Financial Health and Performance:
In the first quarter of 2024, Gildan reported net sales of $696 million, reflecting a slight 1% decline compared to the previous year. However, the company demonstrated strong gross profit margins at 30.3%, an improvement from the prior year. Gildan continues to focus on strategic priorities aimed at unlocking the next phase of its growth, with a solid financial outlook for 2024.
Employee Welfare and Safety:
Gildan's commitment to employee welfare is evident in its extensive health and safety initiatives, including on-site healthcare services, health fairs, and mental health support. These efforts are part of Gildan’s broader ESG strategy to foster a safe and supportive work environment for its approximately 45,000 employees worldwide.
For more detailed and updated information, including recent news and financial performance, visit Gildan’s official website or their profile on major financial news platforms.
Gildan Activewear reported record Q2 sales of $896 million, a 20% increase year-over-year, primarily due to a 27% rise in activewear sales. Operating margin stood at 19.4% with GAAP diluted EPS of $0.85, reflecting an increase of 27% over Q2 2021. Free cash flow was $159 million, while total debt reached $922 million. The company announced the renewal of its Normal Course Issuer Bid to repurchase up to 5% of outstanding shares. However, the hosiery and underwear segment saw an 8% decline in sales due to weakened retail demand.
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.
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.
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