Gildan Activewear Reports Strong Fourth Quarter Results | (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 |
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- Net sales of $783 million in the fourth quarter, up 9% vs. Q4 2022
- Q4 operating margin of 22.8%, adjusted operating margin1 of 19.7%
- Q4 diluted EPS of $0.89 up 89% and adjusted diluted EPS1 of $0.75 up 15% vs. Q4 2022
- Cash flow from operations of $239 million in Q4 and $547 million for the full year; free cash flow1 of $203 million in Q4 and $392 million for the full year
- Capital returned to shareholders of $204 million in Q4 and $492 million for the full year, through dividends and share repurchases
- Company announces 10% dividend increase for 2024
- Company initiates 2024 annual guidance
MONTREAL, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the fourth quarter and year ended December 31, 2023, and initiated annual guidance for 2024. In addition, the Company announced a dividend increase of 10% for 2024.
Gildan Activewear Reports Strong Fourth Quarter Results and (globenewswire.com)