Last C$66.12 CAD
Change Today -0.30 / -0.45%
Volume 359.9K
GIL On Other Exchanges
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As of 4:00 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

gildan activewear inc (GIL) Snapshot

Open
C$66.76
Previous Close
C$66.42
Day High
C$67.39
Day Low
C$66.09
52 Week High
10/31/14 - C$68.63
52 Week Low
12/3/13 - C$50.40
Market Cap
8.1B
Average Volume 10 Days
512.3K
EPS TTM
C$2.77
Shares Outstanding
122.5M
EX-Date
08/12/14
P/E TM
20.9x
Dividend
C$0.41
Dividend Yield
0.71%
Current Stock Chart for GILDAN ACTIVEWEAR INC (GIL)

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gildan activewear inc (GIL) Details

Gildan Activewear Inc. manufactures and sells apparel products in the United States, Canada, Europe, and the Asia-Pacific region. It operates in two segments, Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, and distributes undercoated activewear products comprising T-shirts, fleece, and sport shirts under Gildan brand. Its activewear products are used in various activities by individuals, including work and school uniforms and athletic team wear, and other purposes to convey individual, group, and team identity. The Branded Apparel segment designs, manufactures, sources, and distributes branded family apparel, which include athletic, casual, and dress socks, as well as underwear and activewear products, primarily to U.S. retailers. Gildan Activewear Inc. markets its products under various brands, including Gold Toe, Silver Toe, G, PowerSox, Auro, Allpro, and Anvil brands, as well as under licensing arrangements for the Under Armour and New Balance brands. It serves wholesale distributors, mass-market retailers, department stores, national and regional chains, sports specialty stores, and price clubs. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was incorporated in 1984 and is headquartered in Montreal, Canada.

41,000 Employees
Last Reported Date: 07/31/14
Founded in 1984

gildan activewear inc (GIL) Top Compensated Officers

Founder, Chief Executive Officer, President a...
Total Annual Compensation: C$849.2K
Chief Financial & Administrative Officer and ...
Total Annual Compensation: C$516.5K
President of Printwear
Total Annual Compensation: C$397.7K
President of Branded Apparel
Total Annual Compensation: C$396.1K
Executive Vice President of Manufacturing
Total Annual Compensation: C$396.8K
Compensation as of Fiscal Year 2013.

gildan activewear inc (GIL) Key Developments

Gildan Activewear Inc. Announces Expansion Plans; Declares Cash Dividend Payable on September 8, 2014

Gildan Activewear Inc. announced plans for the construction of a new textile facility in the Rio Nance complex in Honduras to bridge capacity requirements until the start of the planned facility in Costa Rica. The new Rio Nance facility will support planned sales growth for higher-valued products, and optimize manufacturing efficiencies at the company's other textile facilities. Development of the site for this facility is already underway and the facility is expected to begin production in time to support the company's sales growth in fiscal 2016. The company intends to proceed with its plans of a new textile facility in Costa Rica which is expected to begin production in fiscal 2017. The company is projecting that its overall textile capacity will increase by approximately 40% when production at the new Honduras facility and the company's planned facility in Costa Rica are fully ramped up, compared with the capacity exit rate at the end of fiscal 2014. The Board of Directors declared a cash dividend of $0.108 per share, payable on September 8, 2014 to shareholders of record on August 14, 2014. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada) and any other applicable provincial legislation pertaining to eligible dividends.

Gildan Activewear Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended July 6, 2014; Reiterates Earnings Guidance for Full Year of 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Gildan Activewear Inc. announced unaudited consolidated financial results for the third quarter and nine months ended July 6, 2014. For the quarter, the company reported net sales of $693.8 million against $614.3 million a year ago. Operating income was $121.8 million against $121.9 million a year ago. Adjusted EBITDA was $148.1 million against $151.3 million a year ago. Net earnings was $116.0 million or $0.94 per diluted share against $115.8 million or $0.94 per diluted share a year ago. Adjusted net earnings was $116.6 million or $0.95 per diluted share against $116.5 million or $0.95 per diluted share a year ago. Cash flows from operations was $84.3 million against $172.4 million a year ago. Adjusted EBITDA was $148.1 million against $151.3 million a year ago. The growth in sales in the third quarter reflected double-digit sales increases in both operating segments in spite of uncertain economic and market conditions and constraints in production capacity in Branded Apparel. For the nine months, the company reported net sales of $1,694.0 million against $1,558.1 million a year ago. Operating income was $250.1 million against $236.6 million a year ago. Adjusted EBITDA was $324.2 million against $315 million a year ago. Net earnings was $236.9 million or $1.92 per diluted share against $223.4 million or $1.82 per diluted share a year ago. Adjusted net earnings was $239.2 million or $1.94 per diluted share against $228.3 million or $1.86 per diluted share a year ago. Cash flows from operations was $78.6 million against $242.7 million a year ago. Adjusted EBITDA was $324.2 million against $315.0 million a year ago. The company reiterated its guidance for full year sales revenues and updated its prior guidance range for adjusted EPS for fiscal 2014. The company is projecting sales revenues for fiscal 2014 to be slightly in excess of $2.4 billion, including the acquisition of Doris Inc., which the company completed on July 7, 2014. Sales revenues for Printwear are projected to be slightly in excess of $1.55 billion, up approximately 5.5% compared with fiscal 2013. Sales revenues for Branded Apparel for fiscal 2014 are projected to be approximately U.S. $850 million, up approximately 19% compared with fiscal 2013. The projected sales contribution of $20 million in the fourth quarter of fiscal 2014 from the acquisition of Doris is expected to be offset by the impact of sales lost due to production constraints, primarily in the third quarter. Adjusted EPS for the full year are now projected to be in the range of U.S. $3.00-$3.03 compared to the company's previous adjusted EPS guidance range of $3.00-$3.10 due to the projected dilutive earnings impact of approximately $0.02 per share from the acquisition of Doris due to a non-recurring acquisition-related inventory charge, continuing manufacturing inefficiencies and slightly more unfavourable product-mix. The company now projects that free cash flow for fiscal 2014 will be below $50 million as a result of higher inventories to support the company's sales growth and the timing of receivables which are impacted by the higher proportion of fleece shipments in the fourth quarter of the fiscal year. Net sales revenues in the fourth quarter of fiscal 2014 are projected to be in excess of $700 million, up more than 11.8% compared with $626.2 million in the fourth quarter of last year. The company is projecting adjusted EPS for the fourth fiscal quarter of $1.06-$1.09, up 27.7%-31.3% compared with adjusted EPS of $0.83 in the fourth quarter of fiscal 2013. Sales and EPS for the fourth quarter are expected to be a record for any fiscal quarter in the company's history. The projected increase in EPS in the fourth quarter compared with the fourth quarter of last year reflects higher unit sales volumes, higher Printwear net selling prices and more favourable product-mix. In spite of continuing transitional manufacturing inefficiencies and inflationary cost increases, manufacturing costs are forecast to be favourable compared to the fourth quarter of last year. Cotton costs in the fourth quarter of fiscal 2014 are expected to be comparable to cotton costs in the fourth quarter of last year. Cotton costs in the first half of fiscal 2015 are expected to be higher than the fourth quarter of fiscal 2014. Cotton costs in the second half of fiscal 2015 are expected to be lower than the first half of the year and lower than the second half of fiscal 2014. The Company still expects that capital expenditures will be at the high end of its previous range of $300-$350 million.

Gildan Activewear Inc. to Report Q3, 2014 Results on Jul 31, 2014

Gildan Activewear Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Jul 31, 2014

 

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GIL Competitors

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GIL

Industry Average

Valuation GIL Industry Range
Price/Earnings 21.6x
Price/Sales 3.1x
Price/Book 3.7x
Price/Cash Flow 21.5x
TEV/Sales 3.0x
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