Gildan Activewear (GIL) Tops Q3 EPS by 25c

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Go back to Gildan Activewear (GIL) Tops Q3 EPS by 25c

Gildan Activewear Reports Third Quarter 2020 Results

October 29, 2020 7:00 AM EDT

(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 

Strong free cash flow1 of $137 million in the quarter, with ending liquidity position of $1.3 billionSales recovered to $602 million, more than double prior quarter levelReturn to profit with GAAP diluted EPS of $0.28 and adjusted diluted EPS1 of $0.30Gross margin of 22.5%, including 250-basis point impact of COVID-19 related period costsProduction ramping up to meet demand, 75% of pre-COVID manufacturing capacity back on-line at quarter-endGlobal leadership in... More