Gildan Activewear (GIL) Reports In-Line Q4 EPS
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Gildan Activewear Reports Fourth Quarter and Full Year 2019 Results and Initiates Guidance for 2020
February 20, 2020 7:01 AM ESTFull year net sales, adjusted diluted EPS1 and free cash flow1 in line with Company guidanceNet sales of $658.7 million in the quarter, after reflecting impact of a $19 million sales return allowanceQ4 2019 GAAP diluted EPS of $0.16, adjusted diluted EPS of $0.41GAAP charges of $55 million related to Back to Basics strategyStrong free cash flow of $241 million in Q4 drives full year free cash flow of $227 millionGuidance for 2020 calls for sales growth of 2%-4%, GAAP diluted EPS of $1.70-$1.80 and adjusted diluted EPS of $1.85-$1.95Company announces 15% dividend increase and renewal of... More
