---
schema_version: "secwatch.filing_event.v1"
accession: "0001718512-22-000019"
form_type: "8-K"
ticker: "GTES"
cik: "0001718512"
company_name: "Gates Industrial Corp plc"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:49:35.726351+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gates Industrial Q1 revenue up 1.4% to $893.4M; Adj EPS $0.26; maintains FY2022 guidance

## Summary
- Net sales $893.4M (+1.4% YoY); core revenue +4.1%; net income $30.9M ($0.10 diluted EPS).
- Adjusted net income $78.2M ($0.26 diluted EPS) vs $97.8M ($0.33) in prior-year quarter.
- Adjusted EBITDA $156.8M (17.6% margin) down from $196.3M (22.3%) due to COVID disruptions and inflation.
- Power Transmission sales -0.7% to $555.6M (core +2.9%); Fluid Power +5.0% to $337.8M (core +6.3%).
- Full-year guidance maintained: core revenue growth 5-9%, Adj EBITDA $755-805M, Adj EPS $1.20-$1.30.

## SEC filing metadata
- accession: 0001718512-22-000019
- form_type: 8-K
- ticker: GTES
- cik: 0001718512
- company_name: Gates Industrial Corp plc
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718512/000171851222000019/0001718512-22-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718512/000171851222000019/gtes-20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001718512-22-000019
- JSON: https://secwatch.observer/filing/0001718512-22-000019.json
- Plain text: https://secwatch.observer/filing/0001718512-22-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.