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 strong Q4 results with sales of $690 million, a 4.8% increase year-over-year, and adjusted diluted EPS of $0.45, up 9.8%. The operating margin improved to 15.3%, supported by a 6% reduction in SG&A expenses. Despite challenges from hurricanes in Central America, the company achieved record free cash flow of $278 million. Inventory levels dropped significantly, and net debt decreased to $577 million. Full-year 2020 sales totaled $1.98 billion, down 29.8% due to COVID-19 impacts. Gildan remains focused on its 'Back to Basics' strategy for recovery and growth.
MONTREAL, Feb. 04, 2021 – Gildan Activewear (GIL) will announce its 2020 fourth quarter and full year results on February 25, 2021. A press release will be available before market opening, followed by a conference call at 8:30 AM ET to discuss the results and future business outlook. Investors can access the call or the replay through designated phone numbers or via the audio webcast.
Gildan is a top apparel manufacturer known for its diverse brand portfolio and commitment to responsible practices.
Gildan Activewear reported strong Q3 2020 results, posting sales of $602 million, a significant increase from $230 million in Q2. The company returned to profitability with GAAP diluted EPS of $0.28 and adjusted diluted EPS of $0.30. Gross margin improved to 22.5%, despite COVID-19 impacts, with production ramping up to 75% of pre-COVID levels. Free cash flow was robust at $137 million, contributing to a liquidity position of $1.3 billion. However, year-to-date sales were down 40.4% compared to 2019, reflecting ongoing challenges from the pandemic.
Gildan Activewear Inc. (GIL) is set to report its 2020 third quarter results on October 29, 2020. A press release will precede market opening, followed by a conference call at 8:30 AM ET, accessible via phone and online. Gildan, a leader in basic apparel manufacturing, operates large-scale facilities in various regions, committed to strong labor and environmental practices. The company has a diverse product range sold globally through various distribution channels. For further details, visit their corporate site.
