secwatch.observer — SEC 8-K summary
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Issuer:     Gates Industrial Corp plc (GTES)
CIK:        0001718512
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001718512-22-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718512/000171851222000019/0001718512-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718512/000171851222000019/gtes-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001718512-22-000019

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