Gates Industrial Corporation pl

22.50-3.32 (-12.9%)

Oct 29, 4:00:02 PM EDT · NYSE · GTES · USD

Upcoming Earnings

Report date

EPS

0.40 (0.36 ~ 0.42)

Revenue

892.58M (891.96M ~ 893.20M)

Key Stats

Market Cap

5.80B

P/E (TTM)

28.85

Basic EPS (TTM)

0.78

Dividend Yield

Recent Filings

8-K

10/29/25Oct 29, 2025

10-Q

10/29/25Oct 29, 2025

8-K

Q2 sales dip, guidance raised

7/30/25Jul 30, 2025

Gates Industrial reported Q2 2025 net sales of $883.7 million, down 0.2% year-over-year with a core decline of 0.6%, yet Replacement channels grew positively while Mobility surged double-digits. Adjusted EBITDA held at $199.2 million with a 22.5% margin, bolstered by gross margin expansion and a stronger balance sheet. The company raised full-year guidance to $765–$795 million Adjusted EBITDA and $1.44–$1.52 Adjusted EPS. Restructuring costs hit $13 million.

10-Q

Q2 FY2025 results

7/30/25Jul 30, 2025

Gates Industrial held steady in Q2 FY2025, posting net sales of $883.7M, down 0.2% y/y but up 0.6% on a core basis (derived) after currency tailwinds, while YTD sales dipped 1.0% y/y to $1,731.3M with core growth of 0.3% (derived). Gross margins edged up to 40.8% from 40.3% y/y, buoyed by pricing and manufacturing efficiencies, yet operating income fell 13.1% y/y to $115.8M amid $13.0M in restructuring costs for global cost cuts. Diluted EPS from continuing operations slid to $0.22 from $0.26 y/y, aligning with 260.5M diluted shares (derived), while YTD EPS improved to $0.45 from $0.41. Cash swelled to $719.7M with $110.3M operating cash flow YTD, supporting $13.0M share repurchases; total debt stood at $2.3B with $470.3M revolver availability and no covenant issues. Adjusted EBITDA, reconciled in the 10-Q, dipped 1.5% y/y to $199.2M. Power Transmission edged up 1.5% y/y, but Fluid Power slipped 2.9% on softer volumes. Tariffs pose ongoing supply chain risks.

8-K

AGM approvals lock in board

6/10/25Jun 10, 2025

Gates Industrial Corporation plc's shareholders overwhelmingly approved all resolutions at its June 5, 2025, annual general meeting, re-electing the nine director nominees with strong majorities exceeding 97% for most. They endorsed executive compensation, annual advisory votes on pay, the directors' remuneration report and policy, Deloitte's appointments as auditors, and board authorizations for equity allotments. All nine directors stay put. Yet Resolution 10 on disapplying pre-emptive rights drew the most dissent at 4.4%, signaling minor pushback on dilution risks.

About

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. It operates in two segments, Power Transmission and Fluid Power. 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, and other accessories; solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, vehicle systems, and other industrial application platforms; and hydraulics, including hoses, tubing, coupling, and fittings, as well as assemblies. The company's products are used in applications across various markets, including industrial off-highway, such as construction and agriculture; industrial on-highway commercial vehicles comprising heavy-duty trucks and buses, energy and resources, automotive, and personal mobility; and various industrial applications, such as automated manufacturing and logistics systems. It sells its products under the Gates brand. It offers its products to replacement channel customers, as well as to original equipment manufacturers. The company was founded in 1911 and is headquartered in Denver, Colorado.

CEO

Mr. Ivo Jurek

IPO

1/25/2018

Website

https://www.gates.com

Employees

14,100

Sector

Industrials

Industry

Specialty Industrial Machinery