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GATES ANNOUNCES SECONDARY OFFERING OF 17,500,000 ORDINARY SHARES
Prnewswire· 2024-05-15 20:24
DENVER, May 15, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today that certain selling stockholders affiliated with Blackstone Inc. (the "Selling Stockholders") have commenced a secondary offering of 17,500,000 of Gates' ordinary shares (the "Offering"). In connection with the Offering, the Selling Stockholders intend to grant to the underwriters a 30-day option to purchase up to 2,625,000 additional ordinary shares. Gates is not offering any ordina ...
Gates(GTES) - 2024 Q1 - Earnings Call Transcript
2024-05-01 16:54
Gates Industrial Corporation plc (NYSE:GTES) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Nigel Coe – Wolfe Research David Tarantino – KeyBanc Capital Markets Steve Volkmann – Jefferies Jerry Revich – Goldman Sachs Damian Karas – UBS Andy Kaplowitz – Citigroup Julian Mitchell – Barclays Mike Halloran – Baird Deane Dray – RBC Capital Markets David Raso – Evercore Rich Kwas Our Fluid Power segment posted revenues of $330 million. Revenues fell about 6% with core revenues posting a just under 7% de ...
Gates(GTES) - 2024 Q1 - Earnings Call Presentation
2024-05-01 14:19
Q1 2024 EARNINGS PRESENTATION MAY 1, 2024 LEGAL DISCLAIMERS 2 This presentation contains, and management may make on our call today, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "predicts," ...
Gates Industrial (GTES) Q1 Earnings Beat Estimates
Zacks Investment Research· 2024-05-01 14:11
Gates Industrial (GTES) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this manufacturer of power transmission and fluid power systems would post earnings of $0.29 per share when it actually produced earnings of $0.39, delivering a surprise ...
Gates(GTES) - 2024 Q1 - Quarterly Results
2024-05-01 11:59
Gates Industrial Reports First-Quarter 2024 Results Denver, CO, May 1, 2024 First-Quarter 2024 Financial Summary 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 30, 2024. Ivo Jurek, Gates Industrial's Chief Executive Officer, commented, "We produced strong year-over-year margin expansion while experiencing softer industrial demand. Our enterprise initiatives ...
Gates Industrial Announces First-Quarter 2024 Earnings Release Date
Prnewswire· 2024-04-10 20:30
DENVER, April 10, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) will issue its first-quarter earnings release before the market opens on Wednesday, May 1, 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 First-Quarter 20 ...
Gates(GTES) - 2023 Q4 - Earnings Call Presentation
2024-02-08 22:49
Q4 2023 EARNINGS PRESENTATION FEBRUARY 8, 2024 LEGAL DISCLAIMERS 2 This presentation contains, and management may make on our call today, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "predi ...
Gates(GTES) - 2023 Q4 - Earnings Call Transcript
2024-02-08 22:48
Gates Industrial Corporation plc (NYSE:GTES) Q4 2023 Earnings Conference Call February 8, 2024 9:00 AM ET Company Participants Richard Kwas - VP, IR Ivo Jurek - CEO Brooks Mallard - CFO Conference Call Participants Nigel Coe - Wolfe Research Julian Mitchell - Barclays Deane Dray - RBC Capital Markets Andrew Kaplowitz - Citi Jerry Revich - Goldman Sachs David Raso - Evercore ISI Jeffrey Hammond - KeyBanc Capital Markets Michael Halloran - Baird Operator Hello, and welcome to the Gates Industrial Corporation ...
Gates(GTES) - 2023 Q4 - Annual Report
2024-02-08 21:59
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 001-38366 Gates Industrial Corporation plc (Exact Name of Registrant as Specified in its Charter) England and Wale ...
Gates(GTES) - 2023 Q3 - Quarterly Report
2023-11-03 20:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-38366 Gates Industrial Corporation plc (Exact Name of Registrant as Specified in its Charter) England and W ...