HanesBrands (HBI) Tops Q4 EPS by 2c, Offers Q1 and FY Guidance
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HanesBrands Reports Full-Year and Fourth-Quarter 2018 Financial Results
February 7, 2019 7:15 AM ESTStrong 4Q growth includes net sales up 7%, constant-currency organic sales up 6%, operating profit up double digits, and in-line EPS performance 4Q GAAP EPS of $0.44 and adjusted EPS of $0.48 Strong net cash from operations of $502 million in 4Q and $643 million in full-year 2018; and for 2019, company expects $700 million to $800 million of operating cash flow Net debt reduced to 3.3 times adjusted EBITDA with $403 million of total 4Q debt reduction Regular quarterly cash dividend declared and full-year 2019 guidance issued... More
