Gildan Activewear (GIL) Reinstates, Declares $0.154 Quarterly Dividend; 1.8% Yield
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Gildan Activewear Reports First Quarter 2021 Results and Reinstates Quarterly Dividend
May 5, 2021 4:15 PM 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
"Back to Basics" drives strong performance in quarterSales of $590 million, up 28% over prior yearGAAP diluted EPS of $0.50 and adjusted diluted EPS1 of $0.48, including $0.09 one-time benefit from USDAs Pandemic Assistance for Cotton Users (PACU) programOperating margin of 19.3%, adjusted operating margin1 of 18.7%, including 300 bps impact of PACU benefitReinstatement of quarterly dividend of $0.154 per share, in-line with dividend level prior to suspension... More