secwatch.observer — SEC 8-K summary
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Issuer:     Gates Industrial Corp plc (GTES)
CIK:        0001718512
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001718512-22-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718512/000171851222000045/0001718512-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718512/000171851222000045/gtes-20220805.htm
  HTML page:      https://secwatch.observer/filing/0001718512-22-000045

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