Last C$66.89 CAD
Change Today +1.02 / 1.55%
Volume 910.0K
As of 4:06 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

gildan activewear inc (GIL) Snapshot

Open
C$66.22
Previous Close
C$65.87
Day High
C$67.31
Day Low
C$65.80
52 Week High
10/31/14 - C$68.63
52 Week Low
03/14/14 - C$53.45
Market Cap
8.2B
Average Volume 10 Days
1.6M
EPS TTM
C$2.94
Shares Outstanding
122.5M
EX-Date
12/16/14
P/E TM
19.7x
Dividend
C$0.52
Dividend Yield
0.76%
Current Stock Chart for GILDAN ACTIVEWEAR INC (GIL)

Related News

No related news articles were found.

gildan activewear inc (GIL) Related Businessweek News

View More BusinessWeek News

gildan activewear inc (GIL) Details

Gildan Activewear Inc. manufactures and sells apparel products in the United States, Canada, Europe, the Asia-Pacific, and Latin America. . 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. This segment also offers hosiery, legwear, and shapewear products. 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, Anvil, Secret, and Silks 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.

43,000 Employees
Last Reported Date: 12/9/14
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

Hanesbrands Inc. and a Subsidiary Files Trademark Lawsuit Against Gildan Active-Wear Inc

Hanesbrands Inc. and a subsidiary have filed a trademark lawsuit against Gildan Active-wear Inc. The lawsuit was filed December 5, 2014 in the U.S. District Court for the Middle District of N.C. Hanesbrands is requesting a jury trial. Hanesbrands accuses Gildan of trademark infringement and unfair competition related to Gildan's use of the Tempfx brand for moisture-control apparel products. The complaint says Gildan began marketing products under the Tempfx brand in the United States in early 2014, benefiting from consumer awareness already generated by X-Temp in shared retail distribution channels. Gildan has attempted to obtain a trademark for Tempfx since October 2013. Hanesbrands filed an objection in September. Hanesbrands wants Gildan enjoined from using the Tempfx trademark, as well as damages and an accounting of Gildan profits from use of the trademark.

Gildan Activewear Inc. Approves Quarterly Dividend, Payable on January 12, 2015

Gildan Activewear Inc.'s Board of Directors has approved a 20% increase in the amount of the current quarterly dividend and has declared a cash dividend of USD 0.13 per share, payable on January 12, 2015 to shareholders of record on December 18, 2014.

Gildan Activewear Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended October 5, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2016; Announces Fiscal Year Change

Gildan Activewear Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended October 5, 2014. For the quarter, the company reported net sales of $666,001,000 against $626,165,000 a year ago. Operating income was $119,362,000 against $106,117,000 a year ago. Earnings before income taxes were $117,725,000 against $99,456,000 a year ago. Net earnings were $122,677,000 or $1.00 per diluted share against $96,780,000 or $0.79 per diluted share a year ago. Cash flows from operating activities were $185,485,000 against $184,410,000 a year ago. Purchase of property, plant and equipment was $70,686,000 against $73,596,000 a year ago. Purchase of intangible assets was $2,587,000 against $726,000 a year ago. EBITDA was $132 million against $121.9 million a year ago. Adjusted net earnings were $122.8 million or $1.00 per share for the fourth fiscal quarter ended October 5, 2014, up 20.4% and 20.5% respectively compared with adjusted net earnings of $102.0 million or $0.83 per share before reflecting restructuring and acquisition-related costs and a charge for unwinding interest rate swaps in the fourth quarter of the previous year. The company generated $112.5 million of free cash flow, after financing capital expenditures of $73.3 million. Adjusted EBITDA was $144.1 million against $132.0 million a year ago. For the year, the company reported net sales of $2,359,994,000 against $2,184,303,000 a year ago. Operating income was $369,421,000 against $342,686,000 a year ago. Earnings before income taxes were $366,524,000 against $330,719,000 a year ago. Net earnings were $359,552,000 or $2.92 per diluted share against $320,178,000 or $2.61 per diluted share a year ago. Cash flows from operating activities were $264,100,000 against $427,156,000 a year ago. The company generated free cash flow of negative $23.7 million against $263.1 million a year ago. Purchase of property, plant and equipment was $286,553,000 against $162,643,000 a year ago. Purchase of intangible assets was $6,150,000 against $4,315,000 a year ago. EBITDA was $446.8 million against $264.8 million a year ago. Adjusted net earnings amounted to $362.0 million or $2.94 per share, up 9.6% and 9.3% respectively compared to $330.3 million or $2.69 per share in fiscal 2013. The increase in net earnings was mainly due to increased sales in Printwear and Branded Apparel, lower income taxes and financial expenses, partially offset by higher manufacturing costs due primarily to the impact of inflationary cost increases, transitional manufacturing costs to upgrade the company's manufacturing operations and support future growth, and higher cotton costs. Adjusted EBITDA was $468.3 million against $446.8 million a year ago. The company is currently projecting a net loss of approximately $0.30 per share on projected sales revenues of approximately $400 million for the 3-month period ending January 4, 2015, compared with adjusted EPS of $0.35 and sales revenues of $451.4 million in the corresponding calendar quarter of 2013. Sales revenues for Printwear are expected to decline compared to the corresponding quarter of last year, due to the impact of the distributor inventory devaluation and distributor destocking in the quarter. The Company is projecting capital expenditures of $100 million for the 3-month period ending January 4, 2015, primarily for the new yarn-spinning facilities which will be ramped up during calendar 2015. For the 12-months ending January 3, 2016, the company's initial guidance is for adjusted EPS of $3.00 - $3.15, on sales of close to $2.65 billion, compared to adjusted EPS of $2.94, on sales of $2.36 billion in fiscal 2014. The company is projecting Printwear sales growth for calendar 2015 of approximately 3% compared to fiscal 2014. Sales revenues for Branded Apparel are projected to increase by approximately 30% compared to fiscal 2014. Adjusted EBITDA for the year is projected to be approximately $525 - $545 million. The projected effective income tax rate in calendar 2015 is approximately 4.5%. The company plans to spend $350 - $400 million in capital expenditures in the 15-month 2015 fiscal year. The company announced that it will be transitioning to a new fiscal year-end in 2015. As a result of this transition, the company's year-end will take place on the Sunday closest to December 31, rather than the first Sunday following September 28. The change in year-end recognizes that the seasonality of the overall consolidated sales revenues for the company is changing due to the increasing importance of the Branded Apparel segment. The company's business planning cycle is becoming more aligned with the calendar year, and this change will provide better visibility on retail program placements and cotton fixations. In addition, the change in year-end will be better aligned with Gildan's industry comparables. For purposes of its regulatory filings, the company will report results for the 15-month transition period beginning October 6, 2014 and ending January 3, 2016. The company's first 12-month fiscal year on a calendar basis will begin on January 4, 2016 and end on January 1, 2017.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
GIL:CN C$66.89 CAD +1.02

GIL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ennis Inc $13.10 USD -0.13
Hanesbrands Inc $114.18 USD +3.29
Oxford Industries Inc $54.03 USD -0.20
Under Armour Inc $70.94 USD +1.79
UniFirst Corp/MA $114.10 USD +2.23
View Industry Companies
 

Industry Analysis

GIL

Industry Average

Valuation GIL Industry Range
Price/Earnings 19.4x
Price/Sales 2.9x
Price/Book 3.4x
Price/Cash Flow 19.3x
TEV/Sales 2.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GILDAN ACTIVEWEAR INC, please visit www.gildan.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.