{"schema_version":"secwatch.filing_event.v1","accession":"0001718512-22-000055","form_type":"8-K","ticker":"GTES","cik":"0001718512","company_name":"Gates Industrial Corp plc","filed_at":"2022-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.869001+00:00","generated_at":"2026-06-22T07:09:04.918742+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Gates Industrial Q3 core revenue +7.6%; guides FY22 adjusted EBITDA $660-$690M","bullets":["Net sales $860.7M, core +7.6% offset by 7.8% FX headwind; net income $51.9M ($0.18 diluted EPS).","Adjusted net income $89.4M ($0.31 diluted EPS); adjusted EBITDA $177.7M (20.6% margin).","Power Transmission core +5.0% but net sales -4.9% on FX; Fluid Power core +12.1%, net sales +8.1%.","FY 2022 outlook: core rev growth 5.5%-8.0%, adjusted EBITDA $660M-$690M, adj. EPS $1.07-$1.15.","Initiating next phase of footprint optimization plan; capex ~$100M, FCF conversion ~50% of adj. net income."],"urls":{"canonical":"https://secwatch.observer/filing/0001718512-22-000055","json":"https://secwatch.observer/filing/0001718512-22-000055.json","markdown":"https://secwatch.observer/filing/0001718512-22-000055.md","text":"https://secwatch.observer/filing/0001718512-22-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718512/000171851222000055/0001718512-22-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718512/000171851222000055/gtes-20221104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T07:09:04.918742+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e5cef874d336b773bff6def1d145690c969413dc","claim":"Gates Industrial Corp plc reported the third quarter ended October 1, 2022 results: revenue $860.7 million, net income $51.9 million, EPS $0.18 per diluted share.","evidence_excerpt":"in that filing. --- EX-99.1 (EX-99.1) --- Gates Industrial Reports Third-Quarter 2022 Results Denver, CO, November 4, 2022 Third-Quarter 2022 Highlights ◦ Net sales of $860.7 million, including core revenue growth of 7.6%. ◦ Net income attributable to shareholders of $51.9 million, or $0.18 per diluted share. ◦ Adjusted Net Income of $89.4 million, or $0.31","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718512/000171851222000055/0001718512-22-000055-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended October 1, 2022"},{"label":"Revenue","value":"$860.7 million"},{"label":"Net income","value":"$51.9 million"},{"label":"EPS","value":"$0.18 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}