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

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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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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.

I Am A Buyer Of Gates Industrial Because Of Potential Synergies And Future FCF Generation

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.

Gates Industrial (GTES) Reports Next Week: Wall Street Expects Earnings Growth

LUXEMBOURG, Jan. 26, 2022 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, has further expanded its PRO™ Series hydraulic hose portfolio with the launch of the new ProV™ product line. The Gates PRO Series line of professional-grade hydraulic hoses offers performance specifically tailored to hydraulic applications across multiple end-markets such as agriculture, construction, mining, injection molding, general industrial manufacturing equipment and many others.

Gates Expands PRO Series Product Line with Launch of ProV Hydraulic Hoses

DENVER , Jan. 17, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its fourth-quarter earnings release before the market opens on Monday, February 7, 2022.  Management will host a webcast and conference call on the same day at 10:00 a.m.

Gates Industrial Announces Fourth-Quarter 2021 Earnings Release Date

DENVER, Nov. 30, 2021 /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 9th Annual Global Industrials Conference on Thursday, December 2, 2021. 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 Credit Suisse's 9th Annual Global Industrials Conference

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Gates Industrial Corp PLC (NYSE: GTES) board authorized a share repurchase program of up to $200 million of ordinary shares. The authorization is valid through December 31, 2022.

Gates Industrial Plans $200M Share Buyback Program

DENVER, Nov. 17, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that its Board of Directors has authorized a share repurchase program of up to $200 million of the Company's ordinary shares. This authorization is valid through December 31, 2022.

Gates Industrial Announces $200 Million Share Repurchase Program

Gates Industrial Corp PLC (NYSE: GTES) and Gogoro announced an expanded exclusive partnership to accelerate sustainable urban transportation. As part of the renewed partnership, the parties co-developed FLO DRIVE, a vehicle drivetrain system based on Gates Carbon Drive that will be exclusively available to Powered By Gogoro Network (PBGN) vehicle makers through the Gogoro Development Kit (GDK).

Gates Industrial, Gogoro Partner To Accelerate Sustainable Urban Transportation

DENVER and TAIPEI, Taiwan, Nov. 16, 2021 /PRNewswire/ -- Gates (NYSE: GTES), the global leader in clean, quiet and reliable belt drives, and Gogoro, a global technology leader in battery swapping ecosystems that enable sustainable urban mobility, today announced an expanded exclusive partnership to accelerate sustainable urban transportation. "The partnership with Gogoro brings together two like-minded, innovative companies focused on accelerating sustainable urban transportation," said Ivo Jurek, CEO, Gates.

Gates and Gogoro Announce Exclusive Strategic Partnership to Accelerate Sustainable Urban Transportation

Gates Industrial Corp PLC (NYSE: GTES) reported third-quarter net sales growth of 21.1% year-over-year to $862.4 million, and core revenue growth of 19%, beating the consensus of $854.21 million. Adjusted EPS improved to $0.31 from $0.26 in 3Q20, in line with the consensus of $0.31.

Gates Industrial Stock Slips After Q3 Results, Cuts FY21 Adjusted EBITDA Margin Outlook

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q3 2021 Results - Earnings Call Transcript

Gates Industrial (GTES) delivered earnings and revenue surprises of 0.00% and 0.81%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Gates Industrial (GTES) Q3 Earnings Match Estimates

DENVER , Nov. 8, 2021 /PRNewswire/ -- Third-Quarter 2021 Highlights Net sales up 21.1%, including core revenue growth of 19.0%, compared to the prior-year period. Net income attributable to shareholders of $70.2 million, or $0.23 per diluted share.

Gates Industrial Reports Third-Quarter 2021 Results

Gates Industrial Corp (NYSE:GTES) is set to give its latest quarterly earnings report on Monday, 2021-11-08. Here's what investors need to know before the announcement.

Earnings Outlook For Gates Industrial Corp

DENVER, Nov. 4, 2021 /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 Baird 2021 Global Industrial Conference on Wednesday, November 10, 2021. Ivo Jurek, Chief Executive Officer, will present at 2:35 p.m.

Gates Industrial to Participate in Baird's 2021 Global Industrial Conference

DENVER, Nov. 3, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions is broadening its presence in hybrid and battery electric vehicle (BEV) applications with the launch of its next-generation technology for electric water pumps (EWP) used in automotive, light commercial and heavy duty vehicles.  The Gates ThermalPro™ EWP technology is the culmination of significant investments in electronics, software, motor design and computational fluid dynamics.

Gates Launches Next Generation ThermalPro Electric Water Pump Platform for Electrified Vehicle Applications

Gates Industrial (GTES) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

DENVER, Oct. 20, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its third-quarter earnings release before the market opens on Monday, November 8, 2021.  Management will host a webcast and conference call on the same day at 10:00 a.m.

Gates Industrial Announces Third-Quarter 2021 Earnings Release Date

DENVER, Oct. 14, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today introduced its latest breakthrough hydraulic hose, MegaSys™ MXG™ 5K, which is lighter, more flexible and more durable than a typical 5000 psi (350 bar) hydraulic hose. A product of Gates' pioneering materials science and process engineering innovations, MXG 5K offers wire spiral performance in a flexible, lightweight, innovative, high-pressure hydraulic hose using Gates patented Xpiral™ woven spiral technology – a breakthrough construction that exceeds all industry standards and most published competitive hose performance in terms of both pressure and impulse life.

Gates Sets New Performance Standards With Latest Hydraulic Hose Solution - MegaSys MXG 5K

DENVER, Sept. 30, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, is hosting its fifth annual BuildORama employee bike-build as part of the company's 110-year anniversary celebration.

Gates Celebrates 110-Year Anniversary with Fifth Annual "BuildORama" Employee Bike-Building Event for Local Charity

Gates has posted two more good quarters, with strong above-market revenue growth and very good incremental margins, but the Street has responded with a shrug.

Short-Cycle Sentiment Keeping Gates Industrial Locked Down

DENVER, Sept. 7, 2021 /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 Morgan Stanley's 9th Annual Laguna Conference on Tuesday, September 14, 2021.

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