12:04 PM EST - Gildan Activewear Inc. : Today announced results for the fourth quarter ended January 3, 2021. In the fourth quarter, the firm reported GAAP diluted EPS of $0.34 and adjusted diluted EPS of $0.45 before reflecting net charges of approximately $23 million primarily related to its SKU rationalization initiative. Gildan generated $690 million in sales, a strong recovery from the third quarter and up 5% compared to the prior year. Consequently, the company reported adjusted operating margin of 15.3%, up from 14.1% a year ago. It reduced inventories over the prior year and generated fourth-quarter record free cash flow of $278 million bringing our full year total to $358 million. At the end of the fourth quarter our available liquidity position was $1.56 billion with net debt totaling $577 million, down from $862 million a year ago. Gildan Activewear Inc.
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