---
schema_version: "secwatch.filing_event.v1"
accession: "0001718512-22-000045"
form_type: "8-K"
ticker: "GTES"
cik: "0001718512"
company_name: "Gates Industrial Corp plc"
filed_at: "2022-08-05T23:59:59+00:00"
generated_at: "2026-06-24T03:24:38.516430+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Gates Industrial Q2 net sales $906.8M, adj. EPS $0.32; lowers FY22 outlook on FX, supply chain

## Summary
- Net sales $906.8M, down 0.9% YoY; core revenue +3.6% offset by -4.5% FX.
- Adj. net income $90.2M ($0.32/sh) vs $125.6M ($0.42) in prior-year quarter.
- Power Transmission sales -7.7% (core -2.4%); Fluid Power +11.4% (core +14.3%).
- Updated FY22 outlook: core rev growth 6%-9%; Adj EBITDA $705M-$755M; Adj EPS $1.15-$1.25.
- Cash from ops $23.6M; capex $20.1M; total debt $2.6B; cash $393.2M.

## SEC filing metadata
- accession: 0001718512-22-000045
- form_type: 8-K
- ticker: GTES
- cik: 0001718512
- company_name: Gates Industrial Corp plc
- filed_at: 2022-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718512/000171851222000045/0001718512-22-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718512/000171851222000045/gtes-20220805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001718512-22-000045
- JSON: https://secwatch.observer/filing/0001718512-22-000045.json
- Plain text: https://secwatch.observer/filing/0001718512-22-000045.txt

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