Gates Industrial Q3 record revenue $862.4M (+21.1%); cuts FY margin outlook to 21.0-21.5%

Gates Industrial Corp plc

2021-Q3 EPS reported $0.79 revenue$2,658,800,000

Net sales $862.4M, up 21.1% YoY (core +19.0%); net income $70.2M ($0.23 diluted).
Adjusted Net Income $92.0M ($0.31 diluted); Adj EBITDA $183.9M (+31.4%), margin 21.3% (+160 bps).
Power Transmission sales $549.4M (+17.1%), Fluid Power $313.0M (+28.8%).
Net leverage reduced to 2.7x from 4.8x; cash from ops $101.7M.
FY2021 outlook: core revenue growth 20-22% maintained; Adj EBITDA margin lowered to 21.0-21.5% from 22.2-22.8%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.