Gildan Activewear Announces Record Results for Fourth Quarter

On Thursday, November 21, 2013, Montreal-based Gildan Activewear Inc. announced its results for its fourth fiscal quarter and full fiscal year ended September 29, 2013. Adjusted net earnings of U.S. $0.83 per share were a record for the fourth quarter of a fiscal year and at the high end of the guidance range, which the company had provided on August 1, 2013. The company also provided initial guidance for fiscal 2014 adjusted EPS of U.S. $3.00-$3.10, on projected sales revenues of approximately U.S. $2.35 billion, and is projecting capital expenditures of U.S. $300-$350 million in fiscal 2014. The company was pleased to announce a 20 percent increase in the amount of its quarterly dividend.