Gildan Activewear Inc GIL.TO :
* SEES FY 2018 ADJUSTED EARNINGS PER SHARE $1.85 TO $1.90
* GILDAN ACTIVEWEAR -NET SALES OF $764.2 MILLION IN Q2 ENDED JULY 1, 2018, UP 6.8% COMPARED TO PRIOR YEAR DRIVEN BY A 17.3% INCREASE IN ACTIVEWEAR SALES
* SAYS GROSS MARGIN IN Q2 OF 2018 TOTALED 28.3%, REFLECTING A 150 BASIS POINT DECREASE OVER SAME PERIOD LAST YEAR
* GILDAN ACTIVEWEAR - FOR FY18 NET SALES GROWTH IS NOW PROJECTED TO BE IN MID-SINGLE-DIGIT RANGE, UPPER END OF CO'S PREVIOUS RANGE OF LOW TO MID-SINGLE DIGIT GROWTH
* GUIDANCE FOR CAPITAL EXPENDITURES REMAINS AT APPROXIMATELY $125 MILLION FOR 2018
* FOR FY18 COMPANY EXPECTS ADJUSTED EBITDA TO BE IN RANGE OF $605 TO $620 MILLION COMPARED TO $595 TO $620 MILLION PREVIOUSLY
* Q2 EARNINGS PER SHARE VIEW $0.49, REVENUE VIEW $729.5 MILLION -- THOMSON REUTERS I/B/E/S
* GILDAN ACTIVEWEAR REPORTS RECORD SECOND QUARTER SALES AND EPS AND UPDATES FULL YEAR SALES AND ADJUSTED EARNINGS(1) GUIDANCE TO HIGHER END OF RANGE
* Q2 ADJUSTED EARNINGS PER SHARE $0.52
* Q2 GAAP EARNINGS PER SHARE $0.51
* Q2 SALES ROSE 6.8 PERCENT TO $764.2 MILLION
* GILDAN ACTIVEWEAR - FOR FY18 FREE CASH FLOW FOR 2018 IS NOW EXPECTED TO BE IN EXCESS OF $425 MILLION, HIGHER THAN ITS PREVIOUS ESTIMATE OF IN EXCESS OF $400 MILLION