Gates(GTES)
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Gates(GTES) - 2023 Q2 - Earnings Call Presentation
2023-08-04 13:57
Financial Performance - Net sales reached $936 million[34], with a core growth of approximately 4% year-over-year[6, 32, 34] - Adjusted EBITDA was $197 million[40], resulting in a 21.1% adjusted EBITDA margin[40] - Adjusted earnings per share (EPS) stood at $0.36[9, 40], an increase from $0.32 in Q2 2022[3, 9] - Free cash flow was $116 million[10, 57], representing a 114% conversion rate[16, 58] Segment Results - Power Transmission net sales were $573.9 million[65], while Fluid Power net sales amounted to $362.4 million[65] - Power Transmission adjusted EBITDA was $119 million with a 20.7% margin[65], and Fluid Power adjusted EBITDA was $78.3 million with a 21.6% margin[65] Regional Performance - Greater China experienced a revenue increase of 28%[52] - EMEA (Europe, Middle East, and Africa) saw a revenue increase of 9%[52] Capital Allocation and Balance Sheet - The company returned $250 million to shareholders through the repurchase of approximately 21.9 million shares[32] - Net leverage ratio decreased to 2.8x[39, 70]
Gates(GTES) - 2023 Q1 - Earnings Call Transcript
2023-05-04 22:56
Company Participants Conference Call Participants Operator I would now like to turn the call over to Vice President of Investor Relations, Rich Kwas. Good morning, and thank you for joining us on our first quarter 2023 earnings call. I'll briefly cover our nonGAAP and forward-looking language before passing the call over to our CEO, Ivo Jurek; who will be followed by Brooks Mallard, our CFO. On this call, we will refer to certain non-GAAP financial measures that we believe are useful in evaluating our perfo ...
Gates Industrial (GTES) Investor Presentation - Slideshow
2023-03-02 18:07
The information in this presentation is as of December 31, 2022 unless otherwise noted. SEGMENT CHANNEL 20% 5% 9% 31% 8% 21% 6% EMEA 26% China 10% EA&I 10% SA 5% NA 49% Power Power $1.4B Transmission $2.2B First-Fit (OEM) 37% Replacement 63% GEOGRAPHY END MARKET Diversified Industrial Personal Mobility Auto Auto OEM Replacement On-Highway Off-Highway Energy & Resources Fluid ▪ Maintenance Free ▪ Geographic Expansion $0.96 $0.70 $1.14 2019 2020 2021 2022 $1.37 | --- | --- | |--------------------------------- ...
Gates(GTES) - 2022 Q4 - Annual Report
2023-02-09 22:05
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 31, 2022 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) Indicate by chec ...
Gates(GTES) - 2022 Q4 - Earnings Call Presentation
2023-02-09 20:21
! | 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," "intends," "trends," "plans," "estimates," "anticipates" ...
Gates(GTES) - 2022 Q3 - Earnings Call Transcript
2022-11-04 20:39
Gates Industrial Corporation plc (NYSE:GTES) Q3 2022 Earnings Conference Call November 4, 2022 10:00 AM ET Company Participants Bill Waelke - Head of Investor Relations Ivo Jurek - Chief Executive Officer Brooks Mallard - Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Jamie Cook - Credit Suisse Deane Dray - RBC Capital Markets Jeff Hammond - KeyBanc Capital Markets David Raso - Evercore ISI Jerry Revich - Goldman Sachs Julian Mitchell - Barclays Operator Good morning and wel ...
Gates(GTES) - 2022 Q2 - Earnings Call Transcript
2022-08-06 02:22
Gates Industrial Corporation plc (NYSE:GTES) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants | --- | --- | |----------------------------|------------------------------------------| | | | | | Bill Waelke - Head of Investor Relations | | | Ivo Jurek - Chief Executive Officer | | | Brooks Mallard - Chief Financial Officer | | | Conference Call Participants | | | Jerry Revich - Goldman Sachs | | Mike Halloran - Baird | | | | Josh Pokrzywinski - Morgan Stanley | | Jeff Hammond - ...
Gates(GTES) - 2022 Q2 - Earnings Call Presentation
2022-08-05 20:44
1 Q2 2022 EARNINGS PRESENTATION AUGUST 5, 2022 !! LEGAL DISCLAIMERS 2 FORWARD-LOOKING STATEMENTS 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," "sho ...
Gates(GTES) - 2022 Q1 - Earnings Call Transcript
2022-05-08 23:18
Gates Industrial Corporation plc (NYSE:GTES) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET Company Participants Bill Waelke - Vice President of Investor Relations Ivo Jurek - Chief Executive Officer Brooks Mallard - Executive Vice President & Chief Financial Officer Conference Call Participants Deane Dray - RBC Capital Markets Damian Karas - UBS Operator Good day. My name is Savannah and I will be your conference operator for today. At this time, I would like to welcome everyone to the Gates Indu ...
Gates(GTES) - 2022 Q1 - Earnings Call Presentation
2022-05-04 18:33
1 Q1 2022 EARNINGS PRESENTATION MAY 4, 2022 !! LEGAL DISCLAIMERS 2 FORWARD-LOOKING STATEMENTS 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 ...