Gates Industrial Reports Fourth-Quarter and Full Year 2024 Results

DENVER, Feb. 6, 2025 /PRNewswire/ --Fourth-Quarter 2024 Financial Summary Fourth-quarter net sales of $829.4 million, down 3.9% compared to the prior-year period, including a core sales decline of 2.6%. Net income attributable to shareholders of $36.6 million, or $0.14 per diluted share. Adjusted Net Income per diluted share of $0.36. Net income from continuing operations of $41.2 million, or a margin of 5.0%. Adjusted EBITDA of $180.8 million, or a margin of 21.8%.Full-Year 2024 Financial Summary Net sales ...