Gates Industrial

Gates Industrial Corp. Plc is a holding company, which engages in the manufacture of engineered power transmission and fluid solutions. It operates through the following segments: Power Transmission and Fluid Power. The Power Transmission segment includes elastomer drive belts, and related components used to efficiently transfer motion in a broad range of applications. The Fluid Power segment consists of hoses, tubing, and fittings designed to convey hydraulic fluid at high-pressures in both mobile and stationary applications, and high-pressure and fluid transfer hoses used to convey various fluids. The company was founded on September 25, 2017, and is headquartered in Denver, CO.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Gates Industrial reports robust Q4 growth amidst supply chain challenges

Gates Industrial delivered strong Q4 performance with revenue growth and improved EBITDA margin. Despite challenges in China and supply chain issues, the company remains focused on productivity and cash flow. Opportunities lie in global auto OEM growth and new product development.

Gates Industrial reports solid Q1 performance amidst cybersecurity challenges

Gates Industrial showed resilience in Q1 despite a cybersecurity incident, achieving positive free cash flow and strong core growth.
While facing challenges from the incident and variable compensation expectations, the company's strategic strengths lie in its automotive replacement business and shareholder value commitment.
Opportunities for growth include ongoing restructuring projects, reduced automotive OEM exposure, and guidance for a positive full year performance.
Overall, Gates Industrial's performance in Q1 demonstrates a balanced approach to navigating challenges and capitalizing on opportunities for future growth.

Gates Industrial beats Q2 guidance, eyes profitability enhancements

Gates Industrial's Q2 performance exceeded expectations, driven by automotive and EMEA growth. Challenges in China and extended lead times in Power Transmission segment. Opportunities lie in enhancing profitability and cash flow generation.

Gates Industrial Achieves Record Q3 Results, Eyes Growth Opportunities

Gates Industrial's Q3 performance was robust, with record revenues and adjusted EPS. Despite challenges in industrial markets, the company's automotive segment outperformed. With improved margins and cash flow, Gates Industrial is well-positioned for growth, supported by operational enhancements and a resilient European market.

Gates Industrial reports strong 2023 performance amidst market challenges

Gates Industrial showcased strong financial performance in 2023, with margin expansion and cash conversion driving improved profitability and reduced leverage.
While facing challenges in declining industrial markets and weak European segments, the company is focused on cost savings, debt reduction, and shareholder value enhancement.
Opportunities lie in modest growth expectations, M&A potential, and technological innovations, positioning Gates Industrial for future success and market differentiation.
Overall, Gates Industrial's strategic focus on financial discipline, operational efficiency, and innovation sets a solid foundation for sustainable growth and value creation.

Gates Industrial reports Q1 revenue decline but margin improvement

Gates Industrial's Q1 performance saw revenue decline but margin improvement.
The company faces challenges from market choppiness and sector headwinds.
Opportunities lie in personal mobility recovery, data center growth, and cost efficiencies.
Overall, Gates Industrial is focused on margin expansion and operational improvements.

Gates Industrial reports Q2 revenue decline, focuses on profitability

Gates Industrial faced revenue decline in Q2 2024 but improved EBITDA margin through strategic initiatives.
Challenges include soft demand in key markets, while opportunities lie in growth areas like personal mobility.
The company is proactively addressing challenges with cost-saving measures and optimization plans.
Overall, Gates Industrial aims to navigate market uncertainties and drive profitability through focused strategies.

Gates Industrial reports mixed Q3 results, eyes growth opportunities

Gates Industrial faced challenges in core sales decline and segment sales decreases but showed strength in EBITDA margins and financial stability.
The company's focus on enterprise initiatives, pricing strategies, and market share gains present growth opportunities amidst market challenges.
Optimism about future profitability, global auto replacement business, and stability in replacement markets highlight Gates Industrial's resilience and adaptability.
Updated guidance, narrowed EBITDA range, and improved adjusted EPS midpoint reflect confidence in future earnings growth potential.

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DENVER , July 14, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its second-quarter earnings release before the market opens on Friday, August 5, 2022.  Management will host a webcast and conference call on the same day at 10:00 a.m.

Gates Industrial Announces Second-Quarter 2022 Earnings Release Date

DENVER , June 1, 2022 /PRNewswire/ -- Gates (NYSE: GTES), a leading global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today released its 2021 Sustainability Report detailing continued significant commitment and progress toward goals established through the company's sustainability framework. Encompassing four key pillars – Governance, Technology, the Environment, and Stewardship (GTES) – the framework was developed to codify the company's focus on sustainability.

Gates Publishes 2021 Corporate Sustainability Report Highlighting Progress towards Goals, Transparency and Eco-Innovation™

DENVER , May 26, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that the Company will participate in the 2022 KeyBanc Industrials & Basic Materials Conference in Boston, MA, on Wednesday, June 1, 2022. About Gates Industrial Corporation plc Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions.

Gates Industrial to Participate in the 2022 KeyBanc Industrials & Basic Materials Conference

"Chain-to-Belt" movement accelerates with global growth in personal mobility and electrification of bicycle drivetrains DENVER , May 25, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions – and a pioneer in belt-driven micromobility – continues to invest in and has expanded its Carbon Drive™ product portfolio.  The company is introducing next-generation belts and other components to enable advances in bicycle drivetrain design and meet growing global demand.

Gates Expands and Upgrades Innovative Carbon Drive™ Product Line to Deliver Leading-Edge Belt-Drive Technology for Next-Generation Bikes and E-Bikes

DENVER , May 18, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that the Company will participate in the 2022 Wolfe Research Global Transportation & Industrials Conference on Wednesday, May 25, 2022. Ivo Jurek, Chief Executive Officer, will present virtually at 12:30 p.m.

Gates Industrial to Participate in the 2022 Wolfe Research Global Transportation & Industrials Conference

Gates Industrial Corporation plc (NYSE:GTES ) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET Company Participants Bill Waelke - Vice President of Investor Relations Ivo Jurek - Chief Executive Officer Brooks Mallard - Executive Vice President & Chief Financial Officer Conference Call Participants Deane Dray - RBC Capital Markets Damian Karas - UBS Operator Good day. My name is Savannah and I will be your conference operator for today.

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q1 2022 Results - Earnings Call Transcript

DENVER , May 4, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that the Company will participate in the 2022 Goldman Sachs Industrials & Materials Conference in New York, NY, on Wednesday, May 11, 2022. About Gates Industrial Corporation plc Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions.

Gates Industrial to Participate in the 2022 Goldman Sachs Industrials & Materials Conference

Gates Industrial (GTES) delivered earnings and revenue surprises of 8.33% and 2.91%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Gates Industrial (GTES) Tops Q1 Earnings and Revenue Estimates

DENVER , May 4, 2022 /PRNewswire/ --  First-Quarter 2022 Financial Summary Record first-quarter net sales of $893.4 million, up 1.4% compared to the prior-year period, including core revenue growth of 4.1%. Net income attributable to shareholders of $30.9 million, or $0.10 per diluted share.

Gates Industrial Reports First-Quarter 2022 Results

Gates Industrial (GTES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Gates Industrial (GTES) Q1 Earnings Expected to Decline

Gates Corporation has struggled under its debt load post-IPO, but a successful multi-year deleveraging means things are finally looking up. With multiple growth opportunities to tap into, particularly in electrification, Gates' long term growth trajectory is bright.

Gates Industrial Corp.: Underappreciated Earnings Power

Next-generation Software Platform Combines Six All-new or Significantly Updated  Digital Design Tools DENVER , April 19, 2022 /PRNewswire/ -- Gates (NYSE: GTES), a leading global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced the launch of Gates Design Power™, a new software platform offering multiple digital design tools to support the engineering and specification of belt-drive systems across a broad array of applications, making the process easier and more robust than ever before.   "At Gates we are committed to relentless innovation and finding ways to make our customers' lives easier.

Gates Continues Digital Innovation Drive with Launch of Gates Design Power™

DENVER , April 14, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its first-quarter earnings release before the market opens on Wednesday, May 4, 2022.  Management will host a webcast and conference call on the same day at 10:00 a.m.

Gates Industrial Announces First-Quarter 2022 Earnings Release Date

Gates Industrial Corp PLC (NYSE: GTES) announced a secondary offering of 5 million of Gates' ordinary shares, with certain selling stockholders affiliated with Blackstone Inc. Underwriter granted a 30-day option to purchase up to 750,000 additional ordinary shares. Gates is not.

Gates Industrial Stock Slips On Secondary Offering by Selling Stockholders

DENVER, Feb. 22, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced it will host an in-person investor day event beginning at 2:00 p.m. Eastern Time on March 8, 2022, in New York City.

Gates Industrial to Host Investor Day

DENVER, Feb. 21, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that the Company will participate virtually in the Evercore ISI Industrial Conference on Monday, February 28, 2022.  Ivo Jurek, Chief Executive Officer, will present at 2:20 p.m.

Gates Industrial to Participate in the Evercore ISI Industrial Conference

DENVER , Feb. 17, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that the Company will participate in the 2022 Barclays Industrial Select Conference in Miami, FL, on Thursday, February 24, 2022. About Gates Industrial Corporation plc Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions.

Gates Industrial to Participate in Barclays Industrial Select Conference

DENVER, Feb. 16, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that the Company will participate in Citi's 2022 Global Industrials Conference in Miami, FL, on Wednesday, February 23, 2022.  Ivo Jurek, Chief Executive Officer, will present at 4:20 p.m.

Gates Industrial to Participate in Citi's 2022 Global Industrial Tech and Mobility Conference

Analysts lowered the price target for Gates Industrial Corp PLC GTES post Q4 results. Morgan Stanley analyst Joshua Pokrzywinski lowered the price target to $17 (an upside of 12%) from $18 and maintained an Equal-Weight rating on the shares.

Analysts Cut Price Target For Gates Industrial Post Q4 Results

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q4 2021 Results - Earnings Call Transcript

Gates Industrial (GTES) delivered earnings and revenue surprises of 55% and 1.13%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Gates Industrial (GTES) Q4 Earnings and Revenues Surpass Estimates

Gates Industrial Corp PLC GTES reported fourth-quarter net sales growth of 2.7% year-over-year to $815.6 million and core revenue growth of 3.4%, missing the consensus of $821.59 million. Adjusted EPS improved to $0.31 from $0.20 in 4Q20, beating the consensus of $0.21.

Gates Industrial Q4 Top-Line Misses Street View; Guides FY22 EPS Below Consensus

DENVER, Feb. 7, 2022 /PRNewswire/ -- Fourth-Quarter 2021 Highlights Net sales up 2.7%, including core revenue growth of 3.4%, compared to the prior-year period. Net income attributable to shareholders of $62.7 million, or $0.21 per diluted share.

Gates Industrial Reports Fourth-Quarter and Full-Year 2021 Results

Gates Industrial is a manufacturer of transmission and fluid power solutions. I also appreciate quite a bit the fact that Gates Industrial reports a lot of recurrent revenue. The company's most relevant business comes from replacement channels.

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