Gates(GTES) - 2024 Q1 - Quarterly Results

Gates Industrial Reports First-Quarter 2024 Results Denver, CO, May 1, 2024 First-Quarter 2024 Financial Summary ◦ First-quarter net sales of $862.6 million, down 3.9% compared to the prior-year period, including core revenue decline of 3.6%. ◦ Net income attributable to shareholders of $40.0 million, or $0.15 per diluted share. ◦ Adjusted Net Income per diluted share of $0.31, inclusive of unfavorable tax impact. ◦ Net income from continuing operations of $46.2 million, or a margin of 5.4%. ◦ Adjusted EBIT ...