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About Gildan Activewear Inc. (GIL)
Gildan Activewear Inc. (NYSE: GIL, TSX: GIL) is a prominent manufacturer and supplier of everyday basic apparel, including activewear, underwear, socks, and hosiery. With a vertically integrated manufacturing model, Gildan controls every stage of production, from raw materials to finished goods, ensuring cost efficiency, quality, and sustainability. The company's operations span Central America, the Caribbean, North America, and Bangladesh, enabling it to serve global markets effectively.
Core Business and Product Portfolio
Gildan markets its products under a diversified portfolio of well-known brands, including Gildan®, Comfort Colors®, American Apparel®, GOLDTOE®, and Peds®. It also holds exclusive licensing agreements, such as the printwear channel for Champion®. The company’s primary markets include printwear (serving wholesale distributors, screen printers, and embellishers) and retail (serving brick-and-mortar and e-commerce channels). This dual-market approach allows Gildan to diversify its revenue streams and mitigate risks associated with market-specific fluctuations.
Manufacturing and Operational Excellence
Gildan's vertically integrated manufacturing facilities are a cornerstone of its competitive advantage. By owning and operating large-scale facilities, the company achieves cost efficiencies, consistent quality, and supply chain control. Its strategic locations in Central America, the Caribbean, and Bangladesh provide access to skilled labor and proximity to key markets, reducing lead times and logistics costs. The company is also a significant consumer of U.S. cotton, leveraging its scale to secure raw materials competitively.
Sustainability and ESG Commitments
Gildan is deeply committed to environmental, social, and governance (ESG) principles, embedding sustainability into its long-term strategy. The company’s initiatives include reducing its environmental footprint, promoting worker safety and well-being, and supporting local communities through programs like reforestation and education. Gildan has been recognized for its ESG efforts, including inclusion in the Dow Jones Sustainability North America Index and the Sustainability Yearbook.
Innovation and Market Differentiation
Gildan continually invests in innovation to meet evolving consumer needs. Recent product introductions, such as those featuring soft cotton technology, demonstrate the company’s focus on enhancing product quality and customer satisfaction. This commitment to innovation, combined with its vertically integrated model, positions Gildan as a preferred partner for wholesale and retail customers alike.
Competitive Landscape and Growth Strategy
Operating in the highly competitive apparel industry, Gildan differentiates itself through its cost-efficient manufacturing, diversified product offerings, and commitment to sustainability. The company’s Gildan Sustainable Growth (GSG) strategy focuses on capacity-driven growth, product innovation, and ESG leadership. By leveraging these strengths, Gildan continues to capture market share in key categories and expand its global footprint.
Conclusion
Gildan Activewear Inc. is a global leader in the basic apparel industry, known for its vertically integrated operations, diversified brands, and commitment to sustainability. With a strong foundation and strategic focus, the company is well-positioned to navigate industry challenges and capitalize on growth opportunities in both printwear and retail markets.
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.
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.
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