---
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"
generated_at: "2026-06-22T07:09:04.918742+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gates Industrial Q3 core revenue +7.6%; guides FY22 adjusted EBITDA $660-$690M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1718512/000171851222000055/0001718512-22-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718512/000171851222000055/gtes-20221104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001718512-22-000055
- JSON: https://secwatch.observer/filing/0001718512-22-000055.json
- Plain text: https://secwatch.observer/filing/0001718512-22-000055.txt

## Key facts
- Earnings Releases
  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.
  - Period: the third quarter ended October 1, 2022
  - Revenue: $860.7 million
  - Net income: $51.9 million
  - EPS: $0.18 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1718512/000171851222000055/0001718512-22-000055-index.htm

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