The Globe and Mail reports in its Thursday, Feb. 20, edition that Gildan Activewear posted a fourth quarter profit of $132.3-million and raised its quarterly dividend to 22.6 cents per share from 20.5 cents (all figures U.S.). A Canadian Press dispatch to The Globe reports that for the quarter ended Dec. 29, Gildan earned 86 cents a share, down from 89 cents a year earlier. Net sales increased to $821.5-million from $782.7-million. On an adjusted basis, earnings were 83 cents, up from 75 cents the previous year. Gildan chief executive Glenn Chamandy said, "By reinforcing our core competencies as a low-cost, large-scale, vertically integrated sustainable manufacturer, we continued to enhance our competitive advantage, and we are well positioned for continued growth in the years ahead." In its outlook, Gildan said it expects revenue growth for 2025 to be up mid-single digits, while adjusted earnings per share are expected to be in a range of $3.38 to $3.58, an increase of between 13 per cent and 19 per cent. As well, Gildan announced Chuck Ward, currently president of sales, marketing and distribution, has been appointed to the new role of executive vice-president and chief operating officer effective March 1.