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BRIEF-Gildan Activewear Q4 Adjusted Earnings Per Share $0.43

Published 2019-02-21, 07:14 a/m
© Reuters.  BRIEF-Gildan Activewear Q4 Adjusted Earnings Per Share $0.43

Feb 21 (Reuters) - Gildan Activewear Inc GIL.TO :

* GILDAN ACTIVEWEAR REPORTS STRONG RESULTS FOR THE FOURTH QUARTER OF 2018

* Q4 ADJUSTED EARNINGS PER SHARE $0.43

* Q4 GAAP EARNINGS PER SHARE $0.29

* Q4 SALES ROSE 13.6 PERCENT TO $742.7 MILLION

* FOR 2019, CO PROJECTING GAAP DILUTED EPS GROWTH OF 17% AND ADJUSTED DILUTED EPS GROWTH OF 10% OVER 2018

* INITIATING GUIDANCE FOR 2019 CALLING FOR GAAP DILUTED EPS OF $1.90 TO $2.00

* SEES 2019 ADJUSTED DILUTED EPS IN RANGE OF $2.00 TO $2.10

* EXPECT TO GENERATE APPROXIMATELY $350 MILLION TO $400 MILLION IN FREE CASH FLOW FOR 2019

* Q4 EARNINGS PER SHARE VIEW $0.43, REVENUE VIEW $718.6 MILLION -- REFINITIV IBES DATA

* FY2019 EARNINGS PER SHARE VIEW $2.08 -- REFINITIV IBES DATA

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