Gates Industrial Reports Third-Quarter 2024 Results Denver, CO, October 30, 2024 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. ...

DENVER, Oct. 30, 2024 /PRNewswire/ -- For the three months ended (USD in millions) September 28, 2024 September 30, 2023 % Change % Core Change 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 m ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Gates Industrial (GTES) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octobe ...

DENVER, Oct. 8, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) will issue its thirdquarter 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 2 ...

Gates Industrial Corporation plc (GTES) is expanding its data center cooling solutions with the launch of the new Data Master Cooling Hose. This innovative product enhances performance and cleanliness in highperformance computing environments. Developed through Gates' Eco-Innovation process, this new fluid conveyance solution marks a deeper move into the fast-growing data center liquid cooling sector, driven by the increasing demands of compute-intensive technologies like Artificial Intelligence. This innov ...

Expanding its cutting-edge portfolio of data center cooling solutions, the Data Master™ Cooling Hose provides flexibility, performance, and cleanliness designed for high-performance computing environments DENVER, Sept. 10, 2024 /PRNewswire/ -- Gates (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, is continuing to drive innovation for the data center cooling market with the upcoming launch of the Data Master™ Data Center Cooling Hose. This fl ...

Olivier Le Moal/iStock via Getty Images Intro We initially upgraded Gates Industrial Corporation plc (NYSE:GTES) to a 'Buy' rating in May of last year where we have seen shares return just under 18% over the elapsed timeframe. Due to improving profitability trends, we reiterated our 'Buy' rating in March of this year. However, the performance of shares of Gates Industrial Corporation plc has been poor over the past 5+ months (negative 8% return) which means the stock has continued to underperform the S&P fo ...

Sixth Annual Report Highlights Continued Progress in Four Pillars of Sustainability Strategy: Governance, Technology, Environment, and Stewardship DENVER, Sept. 6, 2024 /PRNewswire/ -- Gates (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, has published its annual Sustainability Report for 2023. The report highlights progress on the four pillars within the company's "GTES" Framework for sustainability strategy: Governance, Technology, Environ ...

Gates Industrial Corporation plc (NYSE:GTES) Q2 2024 Results Conference Call July 31, 2024 9:00 AM ET Company Participants Rich Kwas - Vice President-Investor Relations Ivo Jurek - Chief Executive Officer Brooks Mallard - Chief Financial Officer Conference Call Participants Mike Halloran - Baird Jeff Hammond - KeyBanc Capital Markets Nigel Coe - Wolfe Research Julian Mitchell - Barclays Deane Dray - RBC Capital Markets Andy Kaplowitz - Citigroup Clay Williams - Goldman Sachs Operator Thank you for standing ...

Ahead of this earnings release, the estimate revisions trend for Gates Industrial: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This engineering, construction and operations company is ...