Gildan Activewear Inc (GIL.TO) reports US$132.3M Q4 profit, raises dividend 10 per cent

Gildan Activewear Inc. raised its dividend as it reported a fourth-quarter profit of US$132.3 million. The clothing maker says it will pay a quarterly dividend of 22.6 cents US per share, up from 20.5 cents US. The increased payment came as Gildan, which keeps its books in U.S. dollars, said it earned 86 cents US per diluted share for the quarter ended Dec. 29 compared with a profit of US$153.3 million or 89 cents US per diluted share a year earlier. Net sales for the quarter totalled US$821.5 million, up from US$782.7 million. On an adjusted basis, Gildan says it earned 83 cents US per diluted share in its latest quarter, up from an adjusted profit of 75 cents US per diluted share a year earlier. In its outlook, the company says it expects revenue growth for 2025 to be up mid-single digit, while adjusted diluted earnings per share are expected to be in a range of US$3.38 to US$3.58, an increase of between 13 and 19 per cent. This report by The Canadian Press was first published Feb. 19, 2025. Companies in this story: (TSX:GIL)