2024 Second Quarter Shareholder Report | --- | --- | |-----------------------------------------------------------------------|-------| | Contents | | | MD&A | | | 1.0 Preface | 2 | | 2.0 Caution regarding forward-looking statements | 2 | | 3.0 Our business | 4 | | 4.0 Strategy | 8 | | 5.0 Operating results | 9 | | 6.0 Financial condition | 19 | | 7.0 Cash flows | 21 | | 8.0 Liquidity and capital resources | 23 | | 9.0 Legal proceedings | 28 | | 10.0 Financial risk management | 28 | | 11.0 Critical accountin ...

(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Net sales of $862 million Operating margin of 16.4%, adjusted operating margin1 of 22.7% GAAP diluted EPS of $0.35 and adjusted diluted EPS1 of $0.74 Cash flow from operations of $140 million and free cash flow1 of $104 million Capital returned to shareholders of $182 million during the quarter through dividends and share repurchases Comp ...

(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Net sales of $862 million Operating margin of 16.4%, adjusted operating margin1 of 22.7% GAAP diluted EPS of $0.35 and adjusted diluted EPS1 of $0.74 Cash flow from operations of $140 million and free cash flow1 of $104 million Capital returned to shareholders of $182 million during the quarter through dividends and share repurchases Comp ...

Gildan Activewear's focus on expanding its activewear segment is likely to have been a pivotal factor in the upcoming earnings report. The Zacks Consensus Estimate for second-quarter revenues stands at $851.9 million, which indicates an increase of 1.4% from the prior-year reported figure. Gildan Activewear has a trailing four-quarter earnings surprise of 5.6%, on average. In the last reported quarter, this Montreal, Canada-based company surpassed the Zacks Consensus Estimate by a margin of 13.5%. Gildan Ac ...

About Gildan Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be ...

MONTREAL, July 17, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2024 second quarter results on Thursday, August 1st, 2024. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 5492469#. A replay will be available for 7 days starting at 12:3 ...

MONTREAL, June 28, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") is pleased to share that it has been recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights for the third consecutive year. Gildan is the only company in the Textiles & Clothing Manufacturing peer group to be included. In addition, Gildan has been included in the inaugural edition of TIME's World Most Sustainable Companies, and is one of only 12 Canadian companies fe ...

Core Insights - Gildan Activewear Inc. has published its 20th Environmental, Social, and Governance (ESG) report, marking a significant milestone in its ESG disclosure history [1] - The 2023 report showcases Gildan's progress against key targets as part of its Next Generation ESG strategy and 2030 goals [1] Company Overview - Gildan operates large-scale, vertically integrated manufacturing facilities primarily located in Central America, the Caribbean, North America, and Bangladesh [3] - The company is committed to industry-leading labor, environmental, and governance practices throughout its supply chain, which is embedded in its long-term business strategy [3][6] ESG Milestones - Gildan's ESG journey began in the early 2000s, with significant milestones including: - The publication of its first Corporate Citizenship Report in 2004 [5] - Accreditation of its social compliance program by the Fair Labor Association (FLA) in 2007 [5] - Adoption of the Global Reporting Initiative (GRI) framework for sustainability reporting in 2008 [5] - Conducting its first materiality assessment in 2014 [5] - Aligning commitments with the UN Sustainability Development Goals in 2017 [5] - Disclosing ESG data according to the Sustainability Accounting Standards Board (SASB) standards since 2021 [5] - Publication of its first stand-alone Climate Change Disclosure Report in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) in 2022 [5] Leadership Perspective - The President and CEO of Gildan emphasized that ESG is integral to the company's operations and is one of the three core pillars of the Gildan Sustainable Growth (GSG) strategy [5] - The company celebrates its 40th anniversary and two decades of ESG reporting, highlighting its commitment to sustainability and respect in apparel production [5]

Core Insights - Gildan Activewear Inc. has published its 20th Environmental, Social, and Governance (ESG) report, marking a significant milestone in its history of public ESG disclosures [2] - The 2023 report showcases Gildan's progress against key targets as part of its Next Generation ESG strategy and 2030 goals [2][3] ESG Journey - Gildan's ESG journey began in the early 2000s, with notable milestones including the first Corporate Citizenship Report in 2004, social compliance program accreditation by the Fair Labor Association in 2007, and alignment with the Global Reporting Initiative framework in 2008 [3] - The company conducted its first materiality assessment in 2014 and aligned its commitments with the UN Sustainability Development Goals in 2017 [3] - Since 2021, Gildan has disclosed ESG data according to the Sustainability Accounting Standards Board standards and published its first stand-alone Climate Change Disclosure Report in alignment with the Task Force on Climate-related Financial Disclosures in 2022 [3] Manufacturing and Operations - Gildan operates vertically integrated, large-scale manufacturing facilities primarily located in Central America, the Caribbean, North America, and Bangladesh [4] - The company is committed to industry-leading labor, environmental, and governance practices throughout its supply chain, which is embedded in its comprehensive ESG program [4] Product Offering - Gildan is a leading manufacturer of everyday basic apparel, including activewear, underwear, and socks [5] - The company's products are sold to a diverse range of customers, including wholesale distributors, screenprinters, retailers, and global lifestyle brand companies [5]

MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is committed to returning capital to shareholders via share buybacks and dividends as a key element of its capital allocation program. As previously indicated, the Company planned on resuming share repurchases following the Annual General Meeting of shareholders which occurred on May 28, 2024. Consequently, Gildan's newly reconstituted Board of Directors has now approved the resumption of share repurchases and an amended n ...