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 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.
Gildan Activewear Inc. (GIL) will announce its 2021 second quarter results on August 5, 2021, with a press release before market opening. A conference call at 8:30 AM ET will discuss the results, accessible via phone and online. The company operates major apparel manufacturing facilities in Central America, the Caribbean, North America, and Bangladesh, and emphasizes strong labor and environmental practices. Gildan markets various apparel products globally under multiple brand names, including Gildan, American Apparel, and Under Armour.
The U.S. Cotton Trust Protocol has welcomed Gildan Activewear as a member, enhancing their commitment to sustainable and ethical supply chain practices. Gildan, a major manufacturer of everyday apparel, emphasizes the importance of U.S. cotton in their products. CEO Glenn Chamandy highlighted that joining the Protocol will increase transparency and ensure that their cotton supply is sustainably produced. The program aims to improve sustainability metrics including land use and water management, reinforcing Gildan's commitment to responsible sourcing.
On May 6, 2021, Gildan Activewear Inc. (GIL) conducted its virtual annual meeting where all ten proposed director nominees were successfully elected. However, a significant majority of shareholders opposed the advisory vote on executive compensation, with only 40.86% in favor. The company will consider these results in future compensation decisions. The voting results displayed a substantial majority for director elections, reflecting shareholder confidence, but the rejection of the compensation proposal indicates concerns about executive pay practices.
Gildan Activewear reported strong Q1 2021 results with sales of $590 million, a 28% increase from last year. GAAP diluted EPS was $0.50, boosted by a $0.09 one-time benefit from the USDA's Pandemic Assistance for Cotton Users (PACU). Gross margin improved to 32.0%, supported by effective cost management and the Back to Basics strategy. The company reinstated its quarterly dividend at $0.154 per share, payable on June 21, 2021, reflecting confidence in financial recovery. Free cash flow was $38 million for the quarter, and available liquidity stood at $1.6 billion.
Gildan Activewear Inc. (GIL) will announce its 2021 Q1 results on May 5, 2021, after market close. A conference call will follow at 5:00 PM ET, accessible by phone or via a live audio webcast. Additionally, the annual shareholders' meeting is set for May 6, 2021, at 10:00 AM ET, held virtually due to COVID-19. Shareholders can participate online, vote, and submit questions. Gildan operates with a commitment to responsible manufacturing practices across its global operations.
