Welcome to our dedicated page for Gildan Activewear news (Ticker: GIL), a resource for investors and traders seeking the latest updates and insights on Gildan Activewear stock.
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 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.
Gildan Activewear reported Q2 2021 sales of $747 million, a 225.3% increase from last year, despite supply chain constraints. The adjusted diluted EPS rose 21% to $0.68. The company reinstated its share buyback program to repurchase up to 5% of outstanding shares. Gross margin improved to 32.2%, while free cash flow reached a record $208 million. Notable financial metrics included a net debt reduction to $362.5 million and a net debt to adjusted EBITDA ratio of 0.6, indicating improved financial stability and a recovering market position.
FAQ
What is the current stock price of Gildan Activewear (GIL)?
What is the market cap of Gildan Activewear (GIL)?
What products does Gildan Activewear Inc. offer?
Which brands are owned by Gildan?
Where are Gildan's products distributed?
Where are Gildan's manufacturing facilities located?
How did Gildan perform financially in the first quarter of 2024?
What recent expansions has Gildan undertaken?
What is Gildan's approach to employee health and safety?
What is Gildan's strategy for future growth?
How does Gildan contribute to ESG initiatives?
Where can I find more information about Gildan Activewear?
