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 Q1 2023

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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 , Sept. 2, 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 in the virtual 2021 RBC Capital Markets Global Industrials Conference on Thursday, September 9, 2021.

Gates Industrial to Participate in the 2021 RBC Capital Markets Global Industrials Conference

Gates Industrial Corp (GTES) has been struggling lately, but the selling pressure may be coming to an end soon.

Gates Industrial Corp (GTES) Sees Hammer Chart Pattern: Time to Buy?

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DENVER, Aug. 11, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates") announced today the pricing of the previously announced secondary offering of 25,000,000 ordinary shares at a price to the public of $16.00 per share by certain selling stockholders affiliated with The Blackstone Group Inc. The selling stockholders have also granted the underwriters a 30-day option to purchase up to 3,750,000 additional ordinary shares. The offering is expected to close on August 16, 2021, subject to customary closing conditions.

Gates Announces Pricing of Secondary Offering of 25,000,000 Ordinary Shares

DENVER, Aug. 10, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates") announced today that certain selling stockholders affiliated with The Blackstone Group Inc. have commenced a secondary offering of 25,000,000 of Gates' ordinary shares. In connection with the offering, the selling stockholders intend to grant to the underwriters a 30-day option to purchase up to 3,750,000 additional ordinary shares.

Gates Announces Secondary Offering of 25,000,000 Ordinary Shares

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q2 2021 Results - Earnings Call Transcript

Gates Industrial (GTES) delivered earnings and revenue surprises of 16.67% and 0.84%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Gates Industrial (GTES) Tops Q2 Earnings and Revenue Estimates

Shares of Gates Industrial Corp (NYSE:GTES) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 1300.00% year over year to $0.42, which beat the estimate of $0.37.

Recap: Gates Industrial Corp Q2 Earnings

DENVER, Aug. 9, 2021 /PRNewswire/ -- Second-Quarter 2021 Highlights Net sales up 58.7%, including core revenue growth of 51.0%, compared to the prior-year period. Net income attributable to shareholders of $96.9 million, or $0.33 per diluted share.

Gates Industrial Reports Second-Quarter 2021 Results

DENVER, July 20, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its second-quarter earnings release before the market opens on Monday, August 9, 2021.  Management will host a webcast and conference call on the same day at 10:00 a.m.

Gates Industrial Announces Second-Quarter 2021 Earnings Release Date

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Solid segmental prospects & growth strategies are aiding Gates Industrial (GTES).

Gates (GTES) Rides on Strategic Initiatives, Diverse Portfolio

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DENVER, June 22, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today announced the introduction of two new thermoplastic polyurethane (TPU) belts, the Gates Parabolic Pitch (GPP) in 8mm and 14mm profiles. The new GPP belts are stronger, more durable, quieter, safer to operate and require less maintenance than other alternatives, including alternative rubber belts, roller chains and steel cables.

Gates Expands Thermoplastic Polyurethane Line-up with Best-in-Class Parabolic Pitch Belts

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DENVER, June 2, 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 in the 2021 UBS Global Industrials and Transportation Virtual Conference on Tuesday, June 8, 2021. Ivo Jurek, Chief Executive Officer, will present at 4:00 p.m.

Gates Industrial to Participate in the 2021 UBS Global Industrials and Transportation Virtual Conference

DENVER, May 26, 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 in the virtual 2021 KeyBanc Industrials & Basic Materials Conference on Thursday, June 3, 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 the 2021 KeyBanc Industrials & Basic Materials Conference

DENVER, May 20, 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 in the virtual 2021 Wolfe Research Global Transportation & Industrials Conference on Thursday, May 27, 2021. Ivo Jurek, Chief Executive Officer, will present at 9:40 a.m.

Gates Industrial to Participate in the 2021 Wolfe Research Global Transportation & Industrials Conference

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q1 2021 Results - Earnings Call Transcript

Shares of Gates Industrial Corp (NYSE:GTES) rose 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 57.14% year over year to $0.33, which beat the estimate of $0.31.

Recap: Gates Industrial Q1 Earnings

DENVER, May 10, 2021 /PRNewswire/ -- First-Quarter 2021 Financial Summary Net sales up 24.1%, including core revenue growth of 21.0%, compared to the prior-year period. Net income attributable to shareholders of $67.3 million, or $0.23 per diluted share, a year-over-year increase of 89.0%.

Gates Industrial Reports First-Quarter 2021 Results

DENVER, May 6, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today released its 2020 Sustainability Report. Gates' Report features a comprehensive set of initiatives and programs organized around Gates' four pillars of sustainability – Governance, Technology, the Environment and Stewardship (GTES).

News for Gates Industrial Stock (GTES)