Gildan Activewear Inc

GIL

Equity

ISIN CA3759161035 / Valor 917050

Toronto Stock Exchange (2024-12-24)

CAD 67.28+0.24%

Gildan Activewear Inc
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About company

Gildan Activewear Inc is a leading manufacturer and seller of activewear, underwear, socks, and legwear products, which are distributed to wholesale distributors, screenprinters, embellishers, retailers, and consumers across North America, Europe, Asia-Pacific, and Latin America. The company's manufacturing operations are strategically located in Central America, the Caribbean Basin, North America, and Bangladesh. Additionally, Gildan collaborates with select global athletic and lifestyle consumer brand companies to manufacture and sell products through their retail channels.

Summarized from source with an LLMView SourceSector: Consumer Services

Record Third Quarter Revenue

Gildan Activewear Inc. reported record third quarter net sales of $891 million for the quarter ended September 29, 2024. This represents a 2.4% increase compared to the same period in the previous year, highlighting the company's strong market performance.

Operating Margin and EPS

The company achieved an operating margin of 21.7% and an adjusted operating margin of 22.4% in the third quarter of 2024. Gildan Activewear Inc. also reported a GAAP diluted EPS of $0.82 and a record third quarter adjusted diluted EPS of $0.85.

Cash Flow and Shareholder Returns

Gildan Activewear Inc. generated $178 million in cash flow from operations and $149 million in free cash flow during the third quarter of 2024. The company returned a record $404 million to shareholders through dividends and share repurchases in this period.

Full Year 2024 Guidance Update

Alongside its third quarter results, Gildan Activewear Inc. updated its full year 2024 guidance. The company remains committed to its Sustainable Growth Strategy, focusing on capacity expansion, innovation, and ESG initiatives to drive long-term value for stakeholders.

CEO's Statement on Growth Strategy

Glenn J. Chamandy, President and CEO of Gildan Activewear Inc., emphasized the success of the company's Sustainable Growth Strategy in driving results. He highlighted the strong net sales growth of 6% in Activewear and the company's commitment to enhancing profitability and competitive positioning.

Summarized from source with an LLMView Source

Key figures

55.4%1Y

27.4%3Y

74.6%5Y

Performance

25.8%1Y

29.4%3Y

36.9%5Y

Volatility