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Dec 29, 2024
Gildan Q4 2024 Earnings Report
Gildan reported record fourth-quarter revenue and strong adjusted earnings, driven by activewear demand and international sales growth.
Key Takeaways
Gildan achieved record revenue of $821.52 million in Q4 2024, up 5.0% YoY, fueled by strong activewear sales (+10.9%) and international growth (+20.3%). Adjusted EPS increased by 10.67% YoY to $0.83. However, net income declined by 13.7% due to higher financial expenses. The company generated $208 million in free cash flow and returned $246 million to shareholders. 2025 guidance anticipates mid-single-digit revenue growth and a 13-19% increase in adjusted EPS.
Record Q4 revenue of $821.52 million, up 5.0% YoY.
Strong activewear sales growth (+10.9%) and international sales (+20.3%).
Adjusted EPS rose 10.67% YoY to $0.83, despite a 13.7% net income decline.
2025 guidance projects mid-single-digit revenue growth and EPS growth of 13-19%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Gildan expects mid-single-digit revenue growth, a 50 bps increase in adjusted operating margin, and adjusted EPS of $3.38 to $3.58 in 2025.
Positive Outlook
- Revenue growth expected in the mid-single digits YoY.
- Adjusted operating margin projected to increase by approximately 50 bps.
- Adjusted diluted EPS guidance of $3.38 - $3.58, up 13% to 19% YoY.
- Free cash flow expected to exceed $450 million.
- Dividend increase of 10% announced for 2025.
Challenges Ahead
- Hosiery and underwear sales expected to remain weak due to Under Armour phase-out.
- Higher interest expenses anticipated due to increased debt levels.
- Continued impact of global minimum tax on effective tax rate.
- Potential macroeconomic headwinds in key markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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