Gates Industrial Corporation plc (GTES)

NYSE
Currency in USD
19.52
-0.23(-1.16%)
Real-time Data

GTES Earnings

Latest Release
Feb 06, 2025
EPS / Forecast
0.36 / 0.33
Revenue / Forecast
829.40M / 832.19M
EPS Revisions
Last 90 days
Release Date
Period End
EPS
/Forecast
Revenue
/Forecast
EPS Surprise %
Revenue Surprise %
Reaction
03/2025--/0.33--/822.93M----Free Sign Up
12/20240.36/0.33829.4M/832.19M+9.09%-0.34%Free Sign Up
09/20240.33/0.31830.7M/832.81M+6.45%-0.25%Free Sign Up
06/20240.36/0.36885.5M/894.2M0%-0.97%Free Sign Up
03/20240.31/0.31862.6M/869.43M0%-0.79%Free Sign Up
12/20230.39/0.28863.3M/862.59M+39.29%+0.08%Free Sign Up
09/20230.35/0.31872.9M/878.08M+12.9%-0.59%Free Sign Up
06/20230.36/0.33936.3M/934.07M+9.09%+0.24%Free Sign Up
03/20230.25/0.26897.7M/905.11M-3.85%-0.82%Free Sign Up
12/20220.25/0.23893.3M/849.61M+8.7%+5.14%Free Sign Up

All numbers in USD

Gates Industrial Corporation plc Earnings Call Summary for Q3/2024

  • Core sales down 3.8% to $831M; adjusted EBITDA at $183M with 22% margin
  • Raised adjusted EPS guidance to $1.35; returned $125M to shareholders via buybacks
  • Expects $40M annual savings from footprint optimization by end of 2025
  • Anticipates low to mid-single digit core sales decline in 2024; optimistic for 2025
  • Targeting innovations in mobility and fluid conveyance; preparing for future M&A
Last Updated: 2024/10/30, 20:34
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