secwatch.observer — SEC 8-K summary
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Issuer:     Gates Industrial Corp plc (GTES)
CIK:        0001718512
Form:       8-K
Filed at:   2022-02-07T23:59:59+00:00
Accession:  0001718512-22-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gates Industrial Q4 rev +2.7% but margins shrink; guides 2022 core +5-9%
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- Q4 net sales $815.6M (+2.7% YoY); adj EPS $0.31 vs $0.20; Adj EBITDA margin 17.1% vs 20.5%.
- Power Transmission Q4 margin 18.3% vs 22.4%; Fluid Power margin 15.0% vs 16.8%; both pressured by supply challenges.
- Full-year net sales $3.47B (+24.4%), adj net income $408.1M; net leverage down to 2.6x from 4.3x.
- FY 2022 guidance: core revenue +5–9%, Adj EBITDA $755–805M, Adj EPS $1.20–1.30, capex $100–120M.
- Q4 free cash flow $145.9M; conversion 157.4% of Adj Net Income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718512/000171851222000004/0001718512-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718512/000171851222000004/gtes-20220207.htm
  HTML page:      https://secwatch.observer/filing/0001718512-22-000004

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