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Gildan Activewear Inc
NYSE:GIL

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Gildan Activewear Inc Logo
Gildan Activewear Inc
NYSE:GIL
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Price: 69.09 USD -3.07% Market Closed
Market Cap: $11.7B

Gildan Activewear Inc
Investor Relations

Gildan Activewear Inc. is a textile and apparel company that has woven itself into the fabric of the North American wardrobe through strategic integration and efficient operations. Founded in Canada, the company has established itself as one of the leading manufacturers of everyday basic apparel, including T-shirts, socks, and underwear. Gildan's success lies in its vertical integration model, which allows the company to control nearly every aspect of production, from yarn spinning to finished garments. By doing so, it not only ensures consistent quality but also achieves significant cost efficiencies. The company leverages its large-scale, centralized manufacturing facilities, primarily based in locations like Honduras and the Dominican Republic, where labor costs are lower, making the production process both scalable and economically viable.

At the heart of Gildan's business model is its diversified brand portfolio combined with a robust distribution network. It caters to a variety of markets, from wholesale distributors to screen printers and retailers, under its own labels and other well-recognized brands. The breadth of Gildan's product range and its keen focus on sustainability—through initiatives aimed at reducing water usage and emissions—contribute to its broader appeal in an increasingly eco-conscious market. Revenue streams are strengthened by its flexible manufacturing which allows for quick response to market trends and retailer demands. By maintaining a steady balance between cost-efficiency and quality assurance, Gildan not only secures its profitable foothold in the industry but also paves the way for sustainable growth amid the changing dynamics of the apparel business.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Record Revenue: Gildan reported record 2025 revenues from continuing operations of about $3.6 billion, with strong year-over-year growth driven by the HanesBrands acquisition.

EPS Growth: Adjusted diluted EPS from continuing operations grew 17% to $3.51, including the HanesBrands contribution.

Raised Synergy Target: Management increased its synergy expectations for the HanesBrands deal to $250 million in run-rate cost synergies over three years, up from the original $200 million target.

2026 Guidance: Revenue for 2026 is guided at $6.0–$6.2 billion, adjusted operating margin at about 20%, and adjusted diluted EPS of $4.20–$4.40.

Inventory Actions: The company is proactively reducing inventory across customer channels in early 2026 due to short-term capacity tightness from the closure of two Hanes textile factories.

Hanes Australia Divestiture: Gildan has initiated the sale process for the HanesBrands Australia (HAA) business, with proceeds expected to help reduce debt.

Strong Free Cash Flow: Free cash flow for 2025 was $493 million, and is expected to exceed $850 million in 2026.

Integration Progress: HanesBrands integration is ahead of plan, with manufacturing and organizational changes already underway.

Key Financials
Revenue
$3.6B
Q4 Net Sales (continuing operations)
$1.078B
Activewear Sales (Q4)
$788M
International Sales (Q4)
$68M
Adjusted Operating Margin (Full Year 2025)
21.5%
Gross Profit (Q4)
$312M
Gross Margin (Q4, reported)
28.9%
Adjusted Gross Margin (Q4)
32.2%
SG&A Expenses (Q4, reported)
$125M
Adjusted SG&A Expenses (Q4)
$124M
Adjusted SG&A as % of Net Sales (Q4)
11.5%
Adjusted Operating Income (Q4)
$223M
Adjusted Operating Margin (Q4)
20.7%
Net Financial Expenses (Q4)
$43M
Diluted EPS (Q4, reported)
$0.32
Adjusted Diluted EPS (Q4)
$0.96
Diluted EPS (Full Year 2025, reported)
$2.57
Adjusted Diluted EPS (Full Year 2025)
$3.51
Operating Cash Flow (2025)
$606M
Free Cash Flow (2025)
$493M
Net Debt (year-end 2025)
$4.417B
Leverage Ratio (year-end 2025)
3x net debt to trailing 12 months pro forma adjusted EBITDA
CapEx (2025)
$114M
Shareholder Returns (2025)
$319M
Shares Repurchased (2025)
3.8M shares
HAA (HanesBrands Australia) 2026 Sales Guidance
$675M
HAA 2026 EPS Guidance
$0.21
Q1 2026 Net Sales Guidance
$1.15B
Q1 2026 Adjusted Operating Margin Guidance
12.9%
2026 Adjusted Effective Income Tax Rate Guidance
19%
Other Earnings Calls

Management

Mr. Glenn J. Chamandy
President, CEO & Director
No Bio Available
Mr. Rhodri J. Harries
Executive VP and Chief Financial & Administrative Officer
No Bio Available
Mr. Benito A. Masi
President of Manufacturing
No Bio Available
Mr. Jason DeHaan
Chief Information Officer
No Bio Available
Ms. Jessy Hayem
Head of Investor Relation
No Bio Available
Ms. Geneviève Gosselin
Director of Corporate Communications & Corporate Marketing
No Bio Available
Mr. Peter Iliopoulos
Senior Vice President of Taxation, Sustainability & Government Affairs
No Bio Available
Ms. Elisabeth Hamaoui CPA
Director of Investor Communications
No Bio Available

Contacts

Address
QUEBEC
MONTREAL
33Rd, 600 De Maisonneuve Blvd W Floor
Contacts
+15147352023.0
www.gildanbrands.com
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