Gates(GTES) - 2024 Q3 - Quarterly Results

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. ...