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Last $31.95 USD
Change Today -0.33 / -1.02%
Volume 262.7K
GIL On Other Exchanges
Symbol
Exchange
New York
Toronto
As of 8:04 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

gildan activewear inc (GIL) Snapshot

Open
$32.21
Previous Close
$32.28
Day High
$32.33
Day Low
$31.89
52 Week High
05/14/15 - $32.91
52 Week Low
12/4/14 - $24.99
Market Cap
7.7B
Average Volume 10 Days
488.9K
EPS TTM
$1.53
Shares Outstanding
242.4M
EX-Date
05/22/15
P/E TM
20.9x
Dividend
$0.26
Dividend Yield
0.78%
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, 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.

42,000 Employees
Last Reported Date: 05/14/15
Founded in 1984

gildan activewear inc (GIL) Top Compensated Officers

Founder, Chief Executive Officer, President a...
Total Annual Compensation: C$1.0M
President of Printwear
Total Annual Compensation: C$573.8K
President of Branded Apparel
Total Annual Compensation: C$573.8K
Executive Vice-President of Manufacturing
Total Annual Compensation: C$573.8K
Compensation as of Fiscal Year 2014.

gildan activewear inc (GIL) Key Developments

Gildan Activewear Inc. Declares Quarterly Dividend, Payable on June 22, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 05, 2015; Provides Earnings Guidance for the Second Quarter Ending June 2015 and Revises Earnings Guidance for the Year Ending January 3, 2016

Gildan Activewear Inc. declared cash dividend of $0.065 per share, payable on June 22, 2015 to shareholders of record on May 27, 2015. The rate is equivalent to the dividend the company paid in the previous quarter when excluding the effects of its March 2015 two-for-one stock split. The company reported unaudited consolidated earnings results for the first quarter ended April 05, 2015. For the quarter, the company’s net earnings declined to $56.0 million, or $0.23 per diluted share, from $79.2 million, or $0.32 per diluted share, in the quarter ended March 30, 2014. Net sales rose to $636.2 million from $548.8 million. Adjusted earnings were merely in line with expectations as a bigger-than-expected revenue increase was outweighed by a drop in margins. Operating income was $61.3 million against $83.9 million a year ago. Adjusted EBITDA was $92.2 million against $109.2 million a year ago. Adjusted net earnings were $57.5 million against $79.2 million a year ago. Adjusted diluted EPS were $0.24 against $0.32 a year ago. Cash used in operating activities was $25.1 million against cash flow from operating activities of $5.6 million a year ago. Negative free cash flow was $108.0 million against $79.9 million a year ago. Net indebtedness was $557.7 as on April 5, 2015. The company utilized $108 million of cash to finance capital expenditures of $83.6 million and seasonal working capital requirements. Earnings before income taxes were $58.4 million against $83.8 million a year ago. Purchase of property, plant and equipment was $82.1 million against $84.0 million a year ago. Purchase of intangible assets was $1.4 million against $1.9 million a year ago. For the second quarter ending in June 2015, the company forecasts adjusted EPS of $0.43 to $0.45 on sales of $750 million. For the year ending January 3, 2016, the company cut the high end of its guidance range for adjusted diluted EPS, now projecting $1.50 to $1.55, versus its previous guidance for $1.50 to $1.57. The narrowing of the full year outlook is due to the further decline in international currencies versus the U.S. dollar. The company has now hedged against further currency exposure in order to avoid the need for further selling price increases in Europe 2015. EBITDA for calendar 2015 is now projected to be $525 million to $540 million. The company is expecting to generate strong free cash flows during the balance of the year, including the impact of projected reductions in inventory levels. Inventory valuations will also be positively impacted by the declining cost of cotton and lower manufacturing costs. Capital expenditures in calendar 2015 are projected to be $250 million to $300 million. The company continues to project consolidated net sales slightly in excess of $2.65 billion. Adjusted EBITDA is now projected to be $525 to $540 million.

Gildan Activewear Mulls Acquisitions

Laurence G. Sellyn, Executive Vice President, Chief Financial Officer and Chief Administrative Officer of Gildan Activewear Inc. (TSX:GIL) said, "We have stated that we will continue to seek further new acquisitions such as Gold Toe, Anvil, Doris and Comfort Colors, which complement our organic growth strategies and lever our competitive strengths, as well as seek to continue to grow our dividend."

Gildan Activewear Announces Executive Changes

Gildan Activewear (GIL.TO) announced that Rhodri J. Harries has been appointed as executive vice president and chief financial and administrative officer. Harries succeeds Laurence G. Sellyn, who will stay to assist in the transition, although the effective date of his appointment has not yet been finalized while plans are developed to transition his responsibilities at Rio Tinto Alcan. Harries is currently the CFO of Rio Tinto Alcan, and he's been holding the position since 2014. Prior to being the CFO, he was the chief commercial officer from 2009 to 2013.

 

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GIL Competitors

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Industry Analysis

GIL

Industry Average

Valuation GIL Industry Range
Price/Earnings 31.2x
Price/Sales 3.3x
Price/Book 4.0x
Price/Cash Flow 30.8x
TEV/Sales 3.0x
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