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Last C$40.07 CAD
Change Today -0.30 / -0.74%
Volume 631.6K
GIL On Other Exchanges
Symbol
Exchange
New York
Toronto
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As of 4:00 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

gildan activewear inc (GIL) Snapshot

Open
C$40.01
Previous Close
C$40.37
Day High
C$40.50
Day Low
C$39.73
52 Week High
07/30/15 - C$45.73
52 Week Low
12/4/14 - C$27.28
Market Cap
9.7B
Average Volume 10 Days
947.3K
EPS TTM
C$1.63
Shares Outstanding
243.1M
EX-Date
08/12/15
P/E TM
18.5x
Dividend
C$0.25
Dividend Yield
0.80%
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: 07/31/15
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
Executive Officer
Total Annual Compensation: C$531.7K
Compensation as of Fiscal Year 2014.

gildan activewear inc (GIL) Key Developments

Gildan Activewear Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 5, 2015; Revises Earnings Guidance for the Year Ending January 3, 2016; Provides Earnings Guidance for the Third Quarter Ending September 2015 and Full Year of 2016

Gildan Activewear Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 5, 2015. For the quarter, the company reported adjusted net earnings of $102.6 million, or $0.42 per diluted share, down from $116.6 million, or $0.47 per diluted share, for the same period last year. On a GAAP basis, the company reported net earnings of $99.4 million, or $0.41 per diluted share, down from $116.0 million or $0.47 per diluted share, in the prior year quarter. Total revenues of $714.2 million were up from $693.8 million in the corresponding quarter of the prior year. During the three months ended July 5, 2015, the company generated $18.5 million of free cash flow after financing capital expenditures of $67.3 million and seasonal working capital changes. Operating income was $106.2 million compared to $121.8 million a year ago. Adjusted EBITDA was $145.9 million compared to $150.4 million a year ago. Cash flows from operating activities was $85.2 million compared to $84.3 million a year ago. Earnings before income taxes were $101.467 million compared to $121.074 million a year ago. Purchase of property, plant and equipment was $66.265 million compared to $73.917 million a year ago. Purchase of intangible assets was $1.016 million compared to $1.550 million a year ago. Consolidated net sales of $1,350.4 million in the first six months of calendar 2015 were up 8.7% compared to $1,242.6 million in the same period last year reflecting a 5.5% increase in Printwear segment sales and 15.9% sales growth in Branded Apparel. The increase in Net Sales were primarily due to unit sales volume growth in both operating segments, including the impact of higher than normal seasonal inventory replenishment in the distributor channel in the first calendar quarter of 2015, the impact of the acquisitions of Doris and Comfort Colors and favourable Printwear product-mix. Net earnings were $155.4 million, or $0.64 per share on a diluted basis, compared to $195.2 million, or $0.79 per diluted share for the same period of the prior year. Before reflecting after-tax restructuring and acquisition-related costs in both years, adjusted net earnings were $160.1 million or $0.66 per diluted share in the first six months of 2015 down 18.2% and 16.5% respectively compared to adjusted net earnings of $195.8 million or $0.79 per diluted share in the same period last year. The decrease in net earnings was mainly due to lower gross margins in both operating segments due primarily to the timing of Printwear selling price reductions, the impact of the transitional manufacturing costs in Branded Apparel, and the impact of the decline in international currencies relative to the U.S. dollar. The decline in net earnings for the first six months of 2015 also reflected increased SG&A and financial expenses, partially offset by lower income taxes compared to the same period last year. Net indebtedness was $548.4 million at July 5, 2015. Operating income was $167.5 million compared to $205.7 million a year ago. Adjusted EBITDA was $238.1 million compared to $259.6 million a year ago. Cash flows from operating activities was $60.1 million compared to $89.9 million a year ago. Earnings before income taxes were $116.801 million compared to $248.799 million a year ago. Purchase of property, plant and equipment was $243.469 million compared to $215.867 million a year ago. Purchase of intangible assets was $4.697 million compared to $3.563 million a year ago. The company is now projecting full year 2015 adjusted diluted EPS to be at the bottom of its previous guidance range of $1.50 - $1.55. Revenue is now guided at close to $2.60 billion, down from prior guidance $2.65 billion. The adjustment was made to reflect the less favorable than projected results in second quarter of 2015 and the continuing impact of the issues affecting second quarter of 2015 sales and earnings. The company expects to generate significant free cash flow in the balance of 2015 and reduce bank indebtedness by year end due to its strong projected EBITDA in the second half of the year. Capital expenditures for calendar 2015 are still projected to be in the range of $250 million to $300 million. Adjusted EBITDA for the 12 months ending January 3, 2016 is now projected to be close to the bottom end of the company's previous range of $525 ­ $540 million. The company is projecting adjusted EPS of $0.51 - $0.53 for the September quarter, on projected sales revenues of close to $700 million, compared with adjusted EPS of $0.50 on sales revenues of $666.0 million in the corresponding quarter of the prior year. Results in the third quarter of calendar 2014 were favourably impacted by the recognition of a $5.0 million tax recovery. Adjusted EBITDA is projected to increase by approximately 15% - 19% compared to the third quarter of calendar 2014. Consequently, the company expects to end 2015 with positive momentum in earnings growth and to be well positioned for strong earnings growth in 2016. Earnings growth in 2016 is expected to be driven by unit sales volume growth in both operating segments and lower cotton and manufacturing costs. Results in 2016 are also expected to benefit from the further manufacturing cost savings from the capital expenditure program as well as the non-recurrence of the manufacturing inefficiencies in Branded Apparel, which flow through cost of sales in the first half of calendar 2015.

Gildan Activewear Inc. Declares Cash Dividend for the Second Quarter Ended July 5, 2015, Payable on September 8, 2015; Announces Executive Changes

The Board of Directors of Gildan Activewear Inc. has declared a cash dividend of USD 0.065 per share for the second quarter ended July 5, 2015, payable on September 8, 2015 to shareholders of record on August 14, 2015. The company announced that Rhodri J. Harries will be assuming the role of Executive Vice-President, Chief Financial and Administrative Officer of Gildan effective August 17, 2015. Laurence G. Sellyn will continue with the company for a period of time after August 17 in order to ensure an orderly transition of his responsibilities to Mr. Harries.

Gildan Activewear Inc. to Report Q2, 2015 Results on Jul 31, 2015

Gildan Activewear Inc. announced that they will report Q2, 2015 results Pre-Market on Jul 31, 2015

 

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Industry Analysis

GIL

Industry Average

Valuation GIL Industry Range
Price/Earnings 31.7x
Price/Sales 3.1x
Price/Book 3.7x
Price/Cash Flow 31.4x
TEV/Sales 2.8x
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