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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 862M | 24.5% |
Gross Profit | 259M | 25.4% |
Cost of Revenue | 603M | 24.1% |
Operating expense | 120M | 19% |
Net Income | 58M | 25.8% |
EBITDA | 174M | 25.3% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 3.74B | 1.5% |
Total Liabilities | 1.89B | 7.4% |
Total Equity | 1.85B | 3.9% |
Shares Outstanding | 168M | 0.5% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 139M | 609% |
Cash from financing | -103M | 242.3% |
EPS
Financial Highlights for Gildan in Q2 '24
Gildan reported a revenue of 862M, which is a 24.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 259M, marking a 25.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 603M, a 24.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 120M, showing a 19% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 58M, showing a -25.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 174M, showing a 25.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Gildan faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.