See more : Bonterra Energy Corp. (BNE.TO) Income Statement Analysis – Financial Results
Complete financial analysis of Gildan Activewear Inc. (GIL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Gildan Activewear Inc., a leading company in the Apparel – Manufacturers industry within the Consumer Cyclical sector.
You may be interested
- Vert Infrastructure Ltd. (CRXPF) Income Statement Analysis – Financial Results
- Jade Road Investments Limited (JADE.L) Income Statement Analysis – Financial Results
- International Business Machines Corporation (IBM) Income Statement Analysis – Financial Results
- Catenai PLC (CTAI.L) Income Statement Analysis – Financial Results
- Yunhong International (ZGYHR) Income Statement Analysis – Financial Results
Gildan Activewear Inc. (GIL)
About Gildan Activewear Inc.
Gildan Activewear Inc. manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Alstyle, and GoldToe brands. The company also offers hosiery products comprising athletic; dress; and casual, liner, therapeutic, and workwear socks, as well as sheer pantyhose, tights, and leggings under the Gildan, Under Armour, GoldToe, PowerSox, Signature Gold by Goldtoe, Peds, MediPeds, Therapy Plus, All Pro, Secret, Silks, Secret Silky, and American Apparel brands. In addition, it provides men's and boys' underwear products, and ladies panties under the Gildan and Gildan Platinum brands; and ladies' shapewear, intimates, and accessories under the Secret and Secret Silky brands. The company sells its products to wholesale distributors, screen printers, and embellishers, as well as to retailers and lifestyle brand companies. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1946 and is headquartered in Montreal, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.20B | 3.24B | 2.92B | 1.98B | 2.82B | 2.91B | 2.75B | 2.59B | 2.42B | 2.36B | 2.18B | 1.95B | 1.73B | 1.31B | 1.04B | 1.25B | 964.43M | 773.95M | 653.17M | 532.83M | 466.02M | 378.48M | 320.14M | 305.65M | 227.52M | 141.14M | 86.98M |
| Cost of Revenue | 2.32B | 2.25B | 1.98B | 1.73B | 2.12B | 2.10B | 1.95B | 1.87B | 1.83B | 1.70B | 1.55B | 1.55B | 1.29B | 947.21M | 807.99M | 847.39M | 655.28M | 521.61M | 450.10M | 378.32M | 325.62M | 272.20M | 252.74M | 218.44M | 167.86M | 107.96M | 67.58M |
| Gross Profit | 880.05M | 992.41M | 940.21M | 249.06M | 704.46M | 805.95M | 801.22M | 719.70M | 585.34M | 658.68M | 634.04M | 396.13M | 437.75M | 364.26M | 230.33M | 402.32M | 309.15M | 252.34M | 203.07M | 154.52M | 140.40M | 106.28M | 67.41M | 87.21M | 59.65M | 33.18M | 19.39M |
| Gross Profit Ratio | 27.54% | 30.63% | 32.17% | 12.57% | 24.95% | 27.71% | 29.13% | 27.84% | 24.23% | 27.91% | 29.03% | 20.33% | 25.36% | 27.77% | 22.18% | 32.19% | 32.06% | 32.60% | 31.09% | 29.00% | 30.13% | 28.08% | 21.06% | 28.53% | 26.22% | 23.51% | 22.30% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 151.91M | 144.93M | 147.26M | 101.49M | 121.27M | 135.74M | 141.33M | 121.70M | 143.29M | 107.54M | 115.53M | 89.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 178.49M | 179.18M | 166.91M | 170.81M | 219.21M | 232.81M | 236.00M | 214.73M | 244.67M | 178.47M | 167.04M | 136.43M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 330.39M | 324.11M | 314.17M | 272.31M | 340.49M | 368.55M | 377.32M | 336.43M | 315.17M | 286.02M | 282.56M | 226.04M | 199.13M | 154.67M | 134.79M | 151.45M | 110.98M | 84.47M | 74.82M | 62.83M | 52.62M | 40.28M | 48.24M | 32.15M | 26.38M | 13.63M | 9.00M |
| Other Expenses | -94.19M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 236.20M | 324.11M | 314.17M | 272.31M | 340.49M | 368.55M | 377.32M | 336.43M | 315.17M | 286.02M | 282.56M | 226.04M | 199.13M | 154.67M | 134.79M | 210.39M | 125.37M | 116.89M | 100.41M | 85.09M | 52.62M | 40.28M | 48.24M | 38.40M | 31.07M | 16.34M | 10.70M |
| Cost & Expenses | 2.55B | 2.57B | 2.30B | 2.00B | 2.46B | 2.47B | 2.33B | 2.20B | 2.15B | 1.99B | 1.83B | 1.78B | 1.49B | 1.10B | 942.77M | 1.06B | 780.65M | 638.49M | 550.51M | 463.40M | 378.24M | 312.48M | 300.98M | 256.84M | 198.94M | 124.30M | 78.28M |
| Interest Income | 0.00 | 28.76M | 17.73M | 33.67M | 32.09M | 0.00 | 0.00 | 434.00K | 0.00 | 0.00 | 0.00 | 283.00K | -303.11K | 1.08M | 183.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 57.20M | 36.96M | 27.33M | 48.53M | 32.09M | 25.06M | 17.44M | 19.69M | 7.04M | 5.20M | 8.95M | 11.60M | 5.07M | 1.83M | 2.86M | 7.22M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 121.64M | 130.89M | 123.28M | 151.35M | 157.60M | 150.30M | 168.30M | 139.24M | 116.63M | 95.62M | 95.28M | 94.57M | 76.39M | 69.20M | 62.97M | 58.93M | 42.27M | 32.41M | 25.59M | 22.25M | 17.46M | 11.08M | 10.28M | 6.24M | 4.70M | 2.71M | 1.70M |
| EBITDA | 743.03M | 708.62M | 777.69M | -42.02M | 453.20M | 595.48M | 586.05M | 504.25M | 383.05M | 464.53M | 443.12M | 265.26M | 313.49M | 276.07M | 155.56M | 244.15M | 198.17M | 167.87M | 124.01M | 91.68M | 105.24M | 66.79M | 29.44M | 55.05M | 33.27M | 19.35M | 10.40M |
| EBITDA Ratio | 23.25% | 24.48% | 26.05% | 6.26% | 18.16% | 20.47% | 21.30% | 20.27% | 15.86% | 19.70% | 20.29% | 13.62% | 18.16% | 21.05% | 15.26% | 20.51% | 26.34% | 24.33% | 21.28% | 17.21% | 22.58% | 20.37% | 9.20% | 18.52% | 14.80% | 14.20% | 11.95% |
| Operating Income | 643.85M | 603.39M | 651.89M | -180.84M | 288.99M | 403.18M | 401.00M | 371.52M | 256.57M | 369.42M | 342.69M | 155.13M | 230.15M | 200.88M | 89.35M | 186.45M | 170.16M | 115.05M | 102.66M | 69.43M | 87.78M | 65.99M | 19.17M | 48.81M | 28.58M | 16.84M | 8.70M |
| Operating Income Ratio | 20.15% | 18.62% | 22.31% | -9.13% | 10.23% | 13.86% | 14.58% | 14.37% | 10.62% | 15.65% | 15.69% | 7.96% | 13.33% | 15.32% | 8.61% | 14.92% | 17.64% | 14.87% | 15.72% | 13.03% | 18.84% | 17.44% | 5.99% | 15.97% | 12.56% | 11.93% | 10.00% |
| Total Other Income/Expenses | -79.67M | -36.96M | -27.33M | -48.53M | -39.17M | -31.05M | -24.19M | -19.69M | 28.43M | 9.07M | -11.97M | -11.00M | -5.64M | -4.54M | 194.00K | -11.23M | -28.45M | -3.33M | -10.51M | -6.16M | -6.41M | -18.88M | -18.92M | -8.37M | -7.19M | -3.81M | -2.20M |
| Income Before Tax | 564.18M | 566.43M | 624.56M | -229.37M | 249.83M | 372.13M | 376.82M | 351.84M | 241.20M | 366.52M | 330.72M | 144.13M | 224.16M | 196.34M | 89.54M | 178.99M | 125.21M | 111.72M | 87.30M | 63.27M | 63.32M | 46.50M | 246.64K | 40.44M | 21.38M | 13.03M | 6.50M |
| Income Before Tax Ratio | 17.65% | 17.48% | 21.37% | -11.58% | 8.85% | 12.79% | 13.70% | 13.61% | 9.99% | 15.53% | 15.14% | 7.40% | 12.99% | 14.97% | 8.62% | 14.32% | 12.98% | 14.44% | 13.37% | 11.87% | 13.59% | 12.29% | 0.08% | 13.23% | 9.40% | 9.23% | 7.47% |
| Income Tax Expense | 30.60M | 24.89M | 17.38M | -4.09M | -9.98M | 21.36M | 14.48M | 5.20M | 3.90M | 6.97M | 10.54M | -4.34M | -15.74M | -1.90M | -5.79M | 34.40M | -4.82M | 4.79M | 1.35M | 3.07M | 6.17M | 4.61M | -270.77K | 4.09M | 4.90M | 4.41M | 2.40M |
| Net Income | 533.58M | 541.54M | 607.18M | -225.28M | 259.81M | 350.77M | 362.33M | 346.64M | 237.30M | 359.55M | 320.18M | 148.46M | 239.90M | 198.25M | 95.33M | 144.59M | 130.02M | 106.93M | 85.95M | 60.19M | 57.15M | 41.90M | 517.41K | 36.35M | 16.49M | 8.62M | 4.10M |
| Net Income Ratio | 16.70% | 16.71% | 20.78% | -11.37% | 9.20% | 12.06% | 13.17% | 13.41% | 9.82% | 15.24% | 14.66% | 7.62% | 13.90% | 15.12% | 9.18% | 11.57% | 13.48% | 13.82% | 13.16% | 11.30% | 12.26% | 11.07% | 0.16% | 11.89% | 7.25% | 6.11% | 4.71% |
| EPS | 3.03 | 2.82 | 3.05 | -1.14 | 1.30 | 1.66 | 1.62 | 1.47 | 0.98 | 1.48 | 1.32 | 0.61 | 0.99 | 0.82 | 0.40 | 0.61 | 0.54 | 0.44 | 0.36 | 0.26 | 0.23 | 0.18 | 0.00 | 0.16 | 0.09 | 0.07 | 0.04 |
| EPS Diluted | 3.03 | 2.82 | 3.05 | -1.14 | 1.30 | 1.66 | 1.61 | 1.47 | 0.97 | 1.46 | 1.31 | 0.61 | 0.98 | 0.82 | 0.40 | 0.60 | 0.54 | 0.44 | 0.36 | 0.25 | 0.22 | 0.18 | 0.00 | 0.16 | 0.09 | 0.07 | 0.04 |
| Weighted Avg Shares Out | 175.94M | 184.13M | 197.01M | 198.36M | 204.16M | 211.31M | 223.66M | 235.36M | 242.50M | 243.53M | 242.91M | 242.98M | 243.05M | 242.32M | 241.62M | 240.96M | 240.68M | 240.50M | 239.18M | 235.23M | 233.85M | 231.28M | 217.56M | 222.10M | 185.65M | 127.74M | 114.53M |
| Weighted Avg Shares Out (Dil) | 176.22M | 184.53M | 197.60M | 198.36M | 204.61M | 211.31M | 225.05M | 235.81M | 244.32M | 246.36M | 245.42M | 244.14M | 244.57M | 243.96M | 242.87M | 243.24M | 243.08M | 243.24M | 239.18M | 237.56M | 239.11M | 238.44M | 217.56M | 236.90M | 193.84M | 130.15M | 116.59M |
Browning West Discloses Gildan Activewear's Efforts to Deprive Shareholders of an Opportunity to Reconstitute the Board at a Validly Requisitioned Special Meeting
LOS ANGELES--(BUSINESS WIRE)--Browning West, LP (together with its affiliates, “Browning West” or “we”), which is a long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL) (“Gildan” or the “Company”) and beneficially owns approximately 5.0% of the Company's outstanding shares,...
Gildan Comments on Violations of US Antitrust Law by Browning West
Browning West's rapid accumulation of Gildan shares last month violated the US Hart-Scott-Rodino Act Browning West illegally acquired stake in order to take control of the Gildan Board and reinstall former Gildan CEO by requisitioning a special shareholders' meeting Illegal...
Gildan Activewear provides update on former CEO
MONTREAL, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today provides further information with respect to Glenn Chamandy's conduct around the time of his removal as CEO on December 10, 2023....
Vince Tyra To Assume Role of President and CEO of Gildan Activewear on January 15, 2024
MONTREAL, Jan. 12, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) is pleased to announce that Vince Tyra will assume the role of President and Chief Executive Officer...
Browning West Requisitions Special Meeting of Gildan Activewear Shareholders to Reconstitute a Majority of the Board of Directors
LOS ANGELES--(BUSINESS WIRE)--Browning West, LP (together with its affiliates, “Browning West” or “we”) is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL) (“Gildan” or the “Company”), beneficially owning approximately 5.0% of the Company's outstanding shares. Today,...
Gildan Activewear Board of Directors Issues Open Letter to Shareholders and Sets Record Straight on Browning West's Misguided Campaign to Reinstall Former Gildan CEO
CEO's False Narrative Designed to Hide His Ineffective Leadership, Lack of Vision and High-Risk Go-Forward Strategy
Browning West Issues Letter to Gildan Activewear Shareholders Announcing Intent to Requisition Special Meeting to Reconstitute Board of Directors
LOS ANGELES--(BUSINESS WIRE)--Browning West, LP (together with its affiliates, “Browning West” or “we”) is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL) (“Gildan” or the “Company”), beneficially owning approximately 5.0% of the Company's outstanding shares. Today,...
Turtle Creek Asset Management Reiterates its Call to the Board of Gildan Activewear to Immediately Re-Appoint Glenn J. Chamandy as its CEO
TORONTO--(BUSINESS WIRE)--Turtle Creek Asset Management issues second letter to the board of directors of Gildan Activewear regarding termination of Glenn Chamandy.
Gildan Activewear Directors Issue Open Letter to Shareholders
MONTREAL, Dec. 20, 2023 (GLOBE NEWSWIRE) -- The Chairman of the Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) and the Board's Committee Chairs today issued an open letter to shareholders.
Browning West Sends Letter to Gildan Activewear's Board Regarding the Need to Heed Unprecedented Shareholder Feedback and Reinstate Glenn Chamandy as CEO
LOS ANGELES--(BUSINESS WIRE)--Browning West, LP, which beneficially owns approximately 4.8% of the outstanding shares of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL) (“Gildan” or the “Company”), today issued the following letter to the Company's Board of Directors (the “Board”). December...
Source: https://incomestatements.info
Category: Stock Reports