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) is a leading vertically integrated manufacturer of basic clothing and activewear, renowned for brands like Gildan, Gold Toe, and Comfort Colors. This page serves as the definitive source for all official company announcements and market-moving developments.
Investors and industry professionals will find curated press releases covering quarterly earnings, strategic partnerships, manufacturing expansions, and product innovations. Our news collection enables stakeholders to track GIL's operational milestones within the global apparel sector, from supply chain initiatives to retail distribution updates.
All content is organized chronologically with clear sourcing to ensure transparency. Key coverage areas include sustainability progress, wholesale channel updates, and licensing agreements with major lifestyle brands. Bookmark this page for real-time access to GIL's financial communications and operational announcements that shape its market position.
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.
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.
