2/21/2024

speaker
Jeanne
Conference Operator

Good morning. My name is Jeanne and I will be your conference operator today. I would like to welcome you to the Q4 2023 Gildan ActiveWare earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star 1 again. Thank you. I would now like to turn the call over to Jessie Haim, Vice President, Head of Investor Relations. You may begin your conference.

speaker
Jessie Haim
Vice President, Head of Investor Relations

Thank you, Jeannie. 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, Rod 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.

speaker
Vince Tyra
President and CEO, Gildan ActiveWare

Thank you, Jessie. 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 ActiveWare. 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 and hands 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. I've been a participant in this industry for several decades as an operating executive and in other capacities, and Gildan's powerful manufacturing engine is truly a key differentiator. I look forward to leveraging Gildan's strengths, our incredible team, and my experience to drive this organization's long-term growth and create value for shareholders. and I'm working closely with the leadership team and the board to find opportunities to further leverage our strong foundation and drive strong and durable growth in the future. Finally, as I've been onboarding with our great company, I've had the opportunity to visit with hundreds of employees in Montreal and Honduras and have recently met with many of our key customers during the recent industry trade shows in Las Vegas, Nevada, and Long Beach, California, which is fueling my excitement for the future. It was great to reconnect with many familiar faces in the industry as well and gain their perspective on our company as well as the industry. And I'm personally looking forward to sharing my views with you in the months ahead as we leverage our strong capabilities and innovation to create further opportunities going forward. I look forward to taking your questions a little later during the Q&A session. And with that, I will turn it over to Rod.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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