Gildan Activewear Inc. (NYSE:GIL) Q4 2022 Earnings Conference Call February 22, 2023 8:30 AM ET

Company Participants

Élisabeth Hamaoui - Vice President of Investor Communications

Rhod Harries - Executive Vice President & Chief Financial & Administrative Officer

Glenn Chamandy - President & Chief Executive Officer

Chuck Ward - President, Sales, Marketing & Distribution

Conference Call Participants

Paul Lejuez - Citi

Luke Hannan - Canaccord Genuity

Stephen MacLeod - BMO Capital Markets

Vishal Shreedhar - National Bank

Brian Morrison - TD Securities

Peter McGoldrick - Stifel

Jay Sole - UBS

Chris Li - Desjardins

Mark Petrie - CIBC

Sabahat Khan - RBC Capital Markets

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Q4 2022 Gildan Activewear Earnings Conference Call. All participants are in a listen-only mode. After the speaker's presentation, we will conduct a question-and-answer session.

[Operator instructions] Please be advised that today's conference is being recorded. [Operator Instructions].

I would now like to hand the conference over to Élisabeth Hamaoui. Please go ahead.

Élisabeth Hamaoui

Good morning, everyone. This morning, we issued a press release announcing our fourth quarter and full year 2022 results. Please take note, the company's MD&A and financial statements will be filed tomorrow and made available on our website.

Joining me on the call this morning are; Glenn Chamandy, President and CEO of Gildan; and Rhod Harries, our Executive Vice President, and Chief Financial and Administrative Officer and Chuck Ward, President, Sales, Marketing & Distribution. In a moment, Rhod will take you through our results, and a Q&A session will follow.

Please 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 US Securities and Exchange Commission and the 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 Rhod.

Rhod Harries

Thank you, Élisabeth, and good morning, everyone. I'd like to start the call by thanking the entire Gildan team for everyone's excellent work and dedication during 2022. This put us in a position to be able to deliver record full year results with sales up 11% and adjusted EPS of 14% and 573 million of capital return to our shareholders during the year through a combination of share repurchases and dividends.