GIL - Dividend announcements

MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is committed to returning capital to shareholders via share buybacks and dividends as a key element of its capital allocation program. As previously indicated, the Company planned on resuming share repurchases following the Annual General Meeting of shareholders which occurred on May 28, 2024. Consequently, Gildan's newly reconstituted Board of Directors has now approved the resumption of share repurchases and an amended normal course issuer bid (NCIB). "Given our continued execution of the Gildan Sustainable Growth strategy, our expected strong free cash flow and the strength of our balance sheet, w

Vince Tyra's Attempt to Copy Former CEO Glenn Chamandy's Strategy is Fraught with Risk Due to Mr. Tyra's Track Record of Value Destruction Mr. Tyra Unveils Underwhelming Margin Guidance, Speculative Spending, Weak Capital Allocation, and No Long-Term Earnings Per Share or Stock Price Targets Browning West Urges Shareholders to Support its Slate of Eight Highly Qualified Directors and Strategy for Superior Value Creation 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, today is

(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release "Back to Basics" drives strong performance in quarterSales of $590 million, up 28% over prior yearGAAP diluted EPS of $0.50 and adjusted diluted EPS1 of $0.48, including $0.09 one-time benefit from USDA's Pandemic Assistance for Cotton Users (PACU) programOperating margin of 19.3%, adjusted operating margin1 of 18.7%, including 300 bps impact of PACU benefitReinstatement of quarterly dividend of $0.154 per share, in-line with dividend level prior to suspension MONTREAL, May 05, 2021 (GLOBE NEWSWIRE) -- Gildan Acti