MONTREAL-Gildan announces its 2017 first quarter results, ended April 2, and reconfirms its full-year guidance for 2017.
The company reports 12.2 percent net sales growth during the quarter, partially driven by acquisitions. The organization also states its free cash flow is up “significantly over last year due to strong working capital management and lower capital expenditures.”
The company cites $665 million in sales and net earnings of $83.5 million.
In addition to earnings reports, Gildan also names ten nominees elected as directors of the company by shareholders.
The directors include:
William D. Anderson
Donald C. Berg
Glenn J. Chamandy
Shirley E. Cunningham
Gonzalo F. Valdes-Fauli
Gildan says it expects earnings growth in 2017 to be weighted in the first half of the year as higher raw material costs are projected in the second half of the year.
For more information, visit http://www.gildan.com/.