Gildan Activewear (GIL) Reports In-Line Q4 EPS

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Go back to Gildan Activewear (GIL) Reports In-Line Q4 EPS

Gildan Activewear Reports Fourth Quarter and Full Year 2017 Earnings at Top End of Guidance Range and Provides Outlook for 2018

February 22, 2018 7:01 AM EST

Net sales increase of 11.2% in the quarter reflecting strong double-digit growth in PrintwearFourth quarter GAAP diluted EPS of $0.25 and adjusted diluted EPS of $0.31 Full year 2017 GAAP diluted EPS of $1.61; adjusted diluted EPS of $1.72, up 14% over the prior year and at top end of guidance range Company reports another record year of free cash flow totaling $519 million Company announces organizational consolidation to drive greater operational efficiency and reduce costs2018 guidance provides for low to mid-single digit sales growth and adjusted diluted EPS of $1.80 to $1.90Sixth consecutive annual 20% increase in quarterly... More