2024-02-21 13:44:11 ET
Gildan Activewear, Inc. (GIL)
Q4 2023 Earnings Conference Call
February 21, 2024 08:30 am ET
Company Participants
Jessy Hayem - Vice President and Head of Investor Relations
Vince Tyra - President and CEO
Rhodri Harries - Executive Vice President, CFO and CAO
Chuck Ward - President of Sales, Marketing and Distribution
Conference Call Participants
Paul Lejuez - Citigroup Investment Research
Jay Sole - UBS
George Doumet - Scotiabank
Brian Morrison - TD Securities
Luke Hannan - Canaccord Genuity
Mark Petrie - CIBC World Markets
Christopher Li - Desjardins Capital Markets
Martin Landry - Stifel
Vishal Shreedhar - National Bank Financial
Presentation
Operator
Good morning. My name is Jeanie and I will be your conference operator today. I would like to welcome you to the Q4 2023 Gildan Activewear Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]. Thank you. I would now like to turn the call over to Jessy Hayem, Vice President, Head of Investor Relations. You may begin your conference.
Jessy Hayem
Thank you, Jeanie. Good morning, everyone. Earlier we issued a press release announcing our results for the fourth quarter and full-year 2023 as well as our first time guidance for 2024. The company's management discussion and analysis and consolidated financial statements are expected to be filed with the Canadian Securities and Regulatory Authorities and the U.S. Securities Commission today and will also be available on our corporate website.
Joining me on the call today are Vince Tyra, President and CEO of Gildan; Rhod Harries, our Executive Vice President and Chief Financial and Administrative Officer and Chuck Ward, President, Sales, Marketing and Distribution. This morning, we'll take you through the results for the quarter and a question-and-answer session will follow.
Before we begin, please take note that certain statements included in this conference call may constitute forward-looking statements, which involve unknown and known risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. We refer you to the company's filings with the U.S. Securities and Exchange Commission, and Canadian securities regulatory authorities. During this call, we will also discuss certain non-GAAP financial measures. Reconciliations to the most directly comparable IFRS measures are provided in today's earnings release as well as our MD&A.
And now I'll turn it over to Vince.
Vince Tyra
Thank you, Jessy. Good morning everyone, and welcome. I've been looking forward to engaging with you all, and I'm thrilled to address you today in my first earnings call as the newly appointed CEO of Gildan Activewear. As for the results, we delivered a solid Q4, thanks to the outstanding operational execution by our highly skilled team of employees across our global footprint.
In fact, 2023 was a year of strong progress on Gildan's sustainable growth strategy, despite an overall challenging macroeconomic backdrop and tough year-over-year comparative periods. This foundation, together with a solid balance sheet puts us in an enviable position, enhance upon it as we go forward. In my early weeks with the company, I witnessed firsthand the incredible talent and dedication of the Gildan team....
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Gildan Activewear's (GIL) Q4 2023 Earnings Call Transcript