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BRIEF-Gildan Activewear Q2 earnings per share $0.41

Published 2015-07-31, 07:40 a/m
BRIEF-Gildan Activewear Q2 earnings per share $0.41
GIL
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July 31 (Reuters) - Gildan Activewear Inc GIL.TO :
* Announces results for second calendar quarter of 2015 and updates full year
guidance
* Quarterly adjusted earnings per share $0.42 excluding items
* Quarterly earnings per share $0.41
* Quarterly sales rose 2.9 percent to $714.2 million
* Now projecting adjusted diluted EPS for 12 months ending January 3, 2016 to
be at bottom of its previous guidance range
* Projecting adjusted EPS of $0.51 - $0.53 for September quarter, on projected
sales revenues of close to U.S. $700 million
* Says adjusted EBITDA is projected to increase by approximately 15% - 19%
compared to the third quarter of calendar 2014
* Expects to end the fiscal year with strong sales and earnings momentum in the
fourth quarter"
* Says rhodri j. harries will be assuming the role of executive vice-president,
chief financial officer
* Says sellyn will continue with the company for a period of time after August
17
* Sets quarterly cash dividend of $0.065 per share
* Now projecting FY sales of close to U.S. $2.6 billion
* Q3 earnings per share view $0.58, revenue view $755.0 million -- Thomson
Reuters I/B/E/S
* FY earnings per share view $1.53, revenue view $2.66 billion -- Thomson
Reuters I/B/E/S
* Q2 earnings per share view $0.44, revenue view $757.7 million -- Thomson
Reuters I/B/E/S

* Source text for Eikon ID:nMKWvjSJSa

* Further company coverage GIL.TO

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