Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, or other accessories; and metal drive components and kits for stationary and mobile drives, engine systems, personal mobility, and vertical lifts application platforms. It also provides fluid power products comprising hydraulic hoses, tubing, and fittings, as well as assemblies; and engine and industrial hoses for use in stationary hydraulics, mobile hydraulics, engine systems, and other industrial applications. The company serves various end markets, including construction, agriculture, energy, automotive, transportation, general industrial, consumer products, and others. It sells its engineered products under the Gates brand. The company offers its products to replacement channel customers, as well as to original equipment manufacturers as specified components. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado.
IPO Year: 2018
Exchange: NYSE
Website: gates.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2024 | $21.00 → $25.00 | Equal Weight → Overweight | Barclays |
| 9/6/2024 | $19.00 | Equal-Weight | Morgan Stanley |
| 8/19/2024 | $20.00 → $22.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 3/8/2024 | $20.00 | Peer Perform → Outperform | Wolfe Research |
| 2/29/2024 | $21.00 | Buy | Jefferies |
| 2/22/2024 | $18.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 6/20/2023 | $14.50 | Buy → Neutral | Goldman |
| 2/10/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/11/2022 | $15.00 → $13.50 | Outperform → In-line | Evercore ISI |
| 6/1/2022 | $17.00 → $14.00 | Outperform → Sector Perform | RBC Capital Mkts |
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8-K - Gates Industrial Corp plc (0001718512) (Filer)
DENVER, April 30, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the first quarter ended March 29, 2025. First-Quarter 2025 Financial Summary First-quarter net sales of $847.6 million, down 1.7% compared to the prior-year period, including core revenue growth of 1.4%.Net income attributable to shareholders of $62.0 million, or $0.24 per diluted share.Adjusted Net Income per diluted share of $0.36.Net income from continuing operations of
DENVER, April 14, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) today announced that it has changed the time of its first-quarter 2025 webcast and conference call from 10 a.m. Eastern time to 9 a.m. Eastern time on Wednesday, April 30, 2025. The access information has not changed and is as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation First-Quarter 2025 Earnings Conference Call or providing the Conference ID of 5772067.Live webcast accessed through Gates Industrial's websit
DENVER, April 8, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its first-quarter earnings release before the market opens on Wednesday, April 30, 2025. Management will host a webcast and conference call on the same day at 10:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation First-Quarter 2025 Earnings Conference Call or providing the Conference ID of 5772067.L
DENVER, Feb. 6, 2025 /PRNewswire/ -- Fourth-Quarter 2024 Financial Summary Fourth-quarter net sales of $829.4 million, down 3.9% compared to the prior-year period, including a core sales decline of 2.6%.Net income attributable to shareholders of $36.6 million, or $0.14 per diluted share.Adjusted Net Income per diluted share of $0.36.Net income from continuing operations of $41.2 million, or a margin of 5.0%.Adjusted EBITDA of $180.8 million, or a margin of 21.8%.Full-Year 2024 Financial Summary Net sales of $3,408.2 million, representing a 4.5% decline, including a core sales
DENVER, Jan. 14, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its fourth-quarter earnings release before the market opens on Thursday, February 6, 2025. Management will host a webcast and conference call on the same day at 11:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Fourth-Quarter 2024 Earnings Conference Call or providing the Conference ID of 577206
DENVER, Oct. 30, 2024 /PRNewswire/ -- Third-Quarter 2024 Financial Summary Third-quarter net sales of $830.7 million, down 4.8% compared to the prior-year period and representing a core sales decline of 3.8% year-over-year.Net income attributable to shareholders of $47.6 million, or $0.18 per diluted share.Adjusted Net Income per diluted share of $0.33.Net income from continuing operations of $55.2 million, or a margin of 6.6%.Adjusted EBITDA of $182.5 million, or a margin of 22.0%.Generated $188.7 million of operating cash flow year to date, compared to $291.7 million in the
DENVER, Oct. 8, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its third-quarter earnings release before the market opens on Wednesday, October 30, 2024. Management will host a webcast and conference call on the same day at 11:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Third-Quarter 2024 Earnings Conference Call or providing the Conference ID of 5772067.
DENVER, July 31, 2024 /PRNewswire/ -- Second-Quarter 2024 Financial Summary Second-quarter net sales of $885.5 million, down 5.4% compared to the prior-year period and representing a core sales decline of 4.0% year-over-year.Net income attributable to shareholders of $70.7 million, or $0.26 per diluted share.Adjusted Net Income per diluted share of $0.36.Net income from continuing operations of $77.9 million, or a margin of 8.8%.Adjusted EBITDA of $202.2 million, or a margin of 22.8%.Generated $72.8 million of operating cash flow year to date, compared to $183.9 million in the
DENVER, July 17, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) today announced that it has changed the time of its second-quarter 2024 webcast and conference call from 10 a.m. Eastern time to 9 a.m. Eastern time on Wednesday, July 31, 2024. The access information has not changed and is as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Second-Quarter 2024 Earnings Conference Call or providing the Conference ID of 5772067.Live webcast accessed through Gates Industrial's websit
DENVER, July 9, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its second-quarter earnings release before the market opens on Wednesday, July 31, 2024. Management will host a webcast and conference call on the same day at 10:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Second-Quarter 2024 Earnings Conference Call or providing the Conference ID of 5772067.L
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DENVER, May 13, 2025 /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 attend the Wolfe Research Global Transportation & Industrials Conference in New York City on Wednesday, May 21, 2025. Brooks Mallard, Chief Financial Officer, will present at 9:35 AM Eastern Time. To listen to a live webcast of the announced presentations, please visit the Events & Presentations section of the Gates Investor Relations website at investors.gat
DENVER, April 30, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the first quarter ended March 29, 2025. First-Quarter 2025 Financial Summary First-quarter net sales of $847.6 million, down 1.7% compared to the prior-year period, including core revenue growth of 1.4%.Net income attributable to shareholders of $62.0 million, or $0.24 per diluted share.Adjusted Net Income per diluted share of $0.36.Net income from continuing operations of
DENVER, April 14, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) today announced that it has changed the time of its first-quarter 2025 webcast and conference call from 10 a.m. Eastern time to 9 a.m. Eastern time on Wednesday, April 30, 2025. The access information has not changed and is as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation First-Quarter 2025 Earnings Conference Call or providing the Conference ID of 5772067.Live webcast accessed through Gates Industrial's websit
DENVER, April 8, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its first-quarter earnings release before the market opens on Wednesday, April 30, 2025. Management will host a webcast and conference call on the same day at 10:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation First-Quarter 2025 Earnings Conference Call or providing the Conference ID of 5772067.L
Data Master™ MegaFlex™ is the first-of-its-kind large-diameter hose that combines ultra-flexibility with coolant compatibility for the demanding high-density digital infrastructure DENVER, March 28, 2025 /PRNewswire/ -- Gates (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced the launch of Data Master MegaFlex. This groundbreaking large-diameter cooling hose expands the company's data center product portfolio, joining the Data Master™ small-diameter hose, which launched in 2024. The Data Master MegaFlex unlocks new opportunities within data centers and will enable Gates to serve a broader set of customers in today
DENVER, March 4, 2025 /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 attend the J.P. Morgan Industrials Conference in New York City on Wednesday, March 12, 2025. Brooks Mallard, Chief Financial Officer, will present at 4:40 pm Eastern Time. To listen to a live webcast of the announced presentations, please visit the Events & Presentations section of the Gates Investor Relations website at investors.gates.com and click on th
DENVER, Feb. 10, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that Ivo Jurek, Chief Executive Officer, will participate in fireside chats at the following upcoming investor conferences: The Citi Global Industrial Tech and Mobility Conference on Tuesday, February 18, 2025 at 1:50 p.m. Eastern time.The Barclays Industrial Select Conference on Wednesday, February 19, 2025 at 1:15 p.m. Eastern time.To listen to a live webcast of the announced p
DENVER, Feb. 6, 2025 /PRNewswire/ -- Fourth-Quarter 2024 Financial Summary Fourth-quarter net sales of $829.4 million, down 3.9% compared to the prior-year period, including a core sales decline of 2.6%.Net income attributable to shareholders of $36.6 million, or $0.14 per diluted share.Adjusted Net Income per diluted share of $0.36.Net income from continuing operations of $41.2 million, or a margin of 5.0%.Adjusted EBITDA of $180.8 million, or a margin of 21.8%.Full-Year 2024 Financial Summary Net sales of $3,408.2 million, representing a 4.5% decline, including a core sales
DENVER, Jan. 14, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its fourth-quarter earnings release before the market opens on Thursday, February 6, 2025. Management will host a webcast and conference call on the same day at 11:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Fourth-Quarter 2024 Earnings Conference Call or providing the Conference ID of 577206
DENVER, Nov. 4, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that management will participate in fireside chats at the following upcoming investor conferences: The Baird Global Industrial Conference on Wednesday, November 13, 2024 at 4:05 p.m. Central time. Ivo Jurek, CEO will present.The Goldman Sachs Industrials & Materials Conference on Wednesday, December 4, 2024 at 2:00 p.m. Eastern time. Ivo Jurek, CEO and Brooks Mallard, CFO will pre
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Barclays upgraded Gates Industrial from Equal Weight to Overweight and set a new price target of $25.00 from $21.00 previously
Morgan Stanley initiated coverage of Gates Industrial with a rating of Equal-Weight and set a new price target of $19.00
RBC Capital Mkts upgraded Gates Industrial from Sector Perform to Outperform and set a new price target of $22.00 from $20.00 previously
Wolfe Research upgraded Gates Industrial from Peer Perform to Outperform and set a new price target of $20.00
Jefferies initiated coverage of Gates Industrial with a rating of Buy and set a new price target of $21.00
KeyBanc Capital Markets upgraded Gates Industrial from Sector Weight to Overweight and set a new price target of $18.00
Goldman downgraded Gates Industrial from Buy to Neutral and set a new price target of $14.50
KeyBanc Capital Markets downgraded Gates Industrial from Overweight to Sector Weight
Evercore ISI downgraded Gates Industrial from Outperform to In-line and set a new price target of $13.50 from $15.00 previously
RBC Capital Mkts downgraded Gates Industrial from Outperform to Sector Perform and set a new price target of $14.00 from $17.00 previously
NEW YORK, July 16, 2024 /PRNewswire/ -- S&P SmallCap 600 constituent Abercrombie & Fitch Co. (NYSE:ANF) will replace Equitrans Midstream Corp. (NYSE:ETRN) in the S&P MidCap 400, and Gates Industrial Corporation plc (NYSE:GTES) will replace Abercrombie & Fitch in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 22. S&P 500 constituent EQT Corp. (NYSE:EQT) is acquiring Equitrans Midstream in a deal expected to close soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector July 22, 2024 S&P MidCap 400
DENVER, June 17, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) is pleased to announce the appointment of John Patouhas as Senior Vice President & Chief Accounting Officer, effective today, Monday, June 17, 2024. John will be responsible for the strategic direction of Gates' accounting function, including financial reporting, risk, controls, and compliance in accordance with applicable standards, laws and regulations. "John brings significant manufacturing finance leadership experience to Gates and we look forward to the benefit of his background and expert
DENVER, March 11, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative and highly engineered power transmission and fluid power solutions, extends a reminder to investors, analysts and other stakeholders to join its Capital Markets Day on Monday, March 11, 2024, starting at 1:00 p.m. Eastern Time at The New York Stock Exchange (NYSE). At the event, CEO Ivo Jurek and CFO Brooks Mallard, along with other members of Gates's leadership team will update investors on the Company's strategic priorities, growth opportunities, business
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the appointment of Patricia (Tribby) W. Warfield to its board of directors --reflecting the company's strong commitment to board diversity, experience, and solid corporate governance policies. The Motorcar Parts of America board now consists of 11 directors, 10 of whom are independent. "Tribby offers a wealth of automotive, industrial and distribution experience that will be invaluable to the company as we continue to benefit from the company's global footprint. We look forward to her advice and counsel at an exciting stage in the company's evolution, which today includes numerous complementary and high-demand product line offe