Gates(US:GTES)2025-04-30 11:58Financial Performance - Net sales reached $848 million, with a core sales growth of 1.4% year-over-year[16, 17] - Adjusted EBITDA was $187 million, resulting in a 22.1% adjusted EBITDA margin[18, 19] - Adjusted earnings per share (EPS) grew by 5.9% year-over-year to $0.36[20, 21] - Free cash flow was negative $19 million due to normal seasonal performance[39] - Net leverage declined slightly year-over-year to 2.3x[41] - Return on invested capital (ROIC) was 22.5%, a decrease of approximately 60 bps year-over-year[42] Segment Performance - Power Transmission saw a core sales growth of 2.1% year-over-year, with adjusted EBITDA of $117 million and a 22.1% adjusted EBITDA margin, down 20 bps year-over-year[24] - Fluid Power had a core sales growth of 0.1% year-over-year, with adjusted EBITDA of $71 million and a 22.0% adjusted EBITDA margin, down 120 bps year-over-year[26] Regional Performance - Greater China experienced a core revenue growth of 3.5%[30] - East Asia & India saw a core revenue growth of 5.3%[30] - North America experienced a core revenue growth of 1.7%[30] Guidance - The company reiterated its 2025 guidance, including core revenue growth between -0.5% and +3.5%, adjusted EBITDA between $735 million and $795 million, and adjusted EPS between $1.36 and $1.52[47]