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

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Earnings data Q4 2021

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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, April 1, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, in light of questions received on recent macro supply chain and logistics disruptions, is providing an update on its performance expectations for the first quarter ending April 3, 2021. "We are seeing continued strength across our global business and have not experienced a significant impact from supply chain or logistics disruptions," said Ivo Jurek, Gates Industrial's Chief Executive Officer.

Gates Industrial Provides Update on Expectations for First Quarter 2021

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DENVER, March 9, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions – and a pioneer in belt-driven personal mobility – introduces the new Carbon Drive Moto X9™ synchronous drive belt. This belt is designed especially for motor-driven two-wheelers, including internal-combustion-powered motorcycles, and electric motorcycles and scooters.

Gates Introduces Carbon Drive Moto X9 Belts for Motorcycles and Scooters

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Gates Industrial (GTES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Gates Industrial (GTES) Might be Well Poised for a Surge

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q4 2020 Results - Earnings Call Transcript

Shares of Gates Industrial Corp (NYSE:GTES) fell 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 5.26% over the past year to $0.20, which beat the estimate of $0.19.

Gates Industrial: Q4 Earnings Insights

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) Q4 Earnings Expected to Decline

Earnings Estimates Rising for Gates Industrial (GTES): Will It Gain?

DENVER, Nov. 24, 2020 /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 Credit Suisse's 8th Annual Global...

Gates Industrial to Participate in Credit Suisse's 8th Annual Global Industrials Conference

DENVER, Nov. 9, 2020 /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 Baird 2020 Global Industrial Conference on...

Gates Industrial to Participate in Baird's 2020 Global Industrial Conference

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Gates Industrial Corporation plc's (GTES) CEO Ivo Jurek on Q3 2020 Results - Earnings Call Transcript

DENVER, Oct. 29, 2020 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today announced the release of its latest Corporate Sustainability Report for 2019, detailing the company's ongoing efforts in the...

Gates Publishes Second Annual Corporate Sustainability Report Outlining Responsible Global Corporate Citizenship

DENVER, Oct. 14, 2020 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) will release its third-quarter financial results before trading begins on Tuesday, November 3, 2020. Management will host a webcast and conference call on the same day at 10:00 am Eastern Time (ET) to...

Gates Industrial to Release Third-Quarter 2020 Earnings on Tuesday, November 3, 2020

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DENVER, Sept. 14, 2020 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced an improved financial outlook compared to the outlook provided on August 4, 2020.

Gates Industrial Provides Improved Financial Outlook

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q2 2020 Results - Earnings Call Transcript

Gates Industrial (GTES) delivered earnings and revenue surprises of 175.00% and 0.73%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Gates Industrial (GTES) Beats Q2 Earnings and Revenue Estimates

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Earnings Preview: Gates Industrial (GTES) Q2 Earnings Expected to Decline

DENVER, July 14, 2020 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of fluid power and power transmission solutions, recently added a universal mobile app to its ever-expanding, ever-improving range of hydraulics solutions. The eCrimpTM app builds on a previous North...

Gates Global eCrimp App Leads a Host of Advances Across Hydraulics Product Range

DENVER, July 14, 2020 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will release its second-quarter financial results after trading ends on Tuesday, August 4, 2020. Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time (ET) to discuss...

Gates Industrial to Release Second-Quarter 2020 Earnings on Tuesday, August 4, 2020

Gates Industrial Corporation: An Investment Assessment

DENVER, May 14, 2020 /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 virtual 2020 Wolfe Research Global...

News for Gates Industrial Stock (GTES)