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 ...

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 ...

Denver, CO, July 31, 2024 Jurek continued, "We have trimmed our full year 2024 guidance for core sales, adjusted EBITDA and adjusted earnings per share to reflect softer than expected demand in our First Fit markets during the second half of the year and our normal business seasonality. At the updated midpoint, we still expect to increase our adjusted EBITDA margin by over 100 basis points year-over-year. We are intently focused on driving our various enterprise initiatives and achieving our 2026 financial ...

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: An audio replay of the conference call will be available from approximately 1:00 p.m. Eastern time on July 31, 2024, until 11:59 p.m. Eastern time on August 7, 2024, and can be accessed domesti ...

About Gates Industrial Corporation plc Gates Industrial Corporation plc is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment ("first-fit") manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end ...

With a major focus on developing the country's roads, bridges and more, the construction companies are benefiting from the U.S. administration's massive infrastructure plan to build modern, sustainable infrastructure and a clean future. Moreover, the increased demand from telecom customers for wireline networks, wireless/wireline converged networks and wireless networks using 5G technologies has been benefiting construction-related companies. Within the Zacks Engineering - R and D Services industry, compani ...

"John brings significant manufacturing finance leadership experience to Gates and we look forward to the benefit of his background and expertise in ensuring a robust accounting and controls function as we continue to grow our business globally," stated EVP/CFO Brooks Mallard, adding "we are delighted John has chosen to join Gates." John began his career in public accounting as an auditor with Deloitte, where his clients included General Motors and Detroit Diesel. After receiving his MBA, John worked in the ...

Dmytro Varavin Gates Industrial Corporation plc (NYSE:GTES) focuses on highly engineered power transmission and fluid power solutions, serving customers across 130 countries. Over the past few years, its revenue growth rate has been decelerating. Despite flattish revenue growth, margins have been improving all along. They have also been capturing opportunities into data centre cooling, which allows them to leverage their technical expertise to provide solutions for growing demand in data centres. With the r ...