---
schema_version: "secwatch.filing_event.v1"
accession: "0001718512-23-000010"
form_type: "8-K"
ticker: "GTES"
cik: "0001718512"
company_name: "Gates Industrial Corp plc"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T20:36:12.078732+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gates Industrial Q4 net sales up 9.5% to $893.3M; core revenue growth 16.0%; 2023 guidance issued

## Summary
- Q4 net income attributable to shareholders $84.9M ($0.30 diluted EPS), up from $62.7M ($0.21) YoY.
- Q4 Adjusted EBITDA $166.0M (18.6% margin), up 150 bps from 17.1% YoY.
- Full-year net sales $3,554.2M (+2.3% reported, +7.6% core); adjusted net income $329.0M ($1.14/share), down from $408.1M ($1.37).
- Fluid Power segment Q4 margin expanded 380 bps to 18.8%; Power Transmission core growth led by Personal Mobility and Energy.
- 2023 outlook: core revenue growth 1-5%; Adj. EBITDA $700-750M; Adj. EPS $1.13-1.23; FCF conversion ~100%.

## SEC filing metadata
- accession: 0001718512-23-000010
- form_type: 8-K
- ticker: GTES
- cik: 0001718512
- company_name: Gates Industrial Corp plc
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718512/000171851223000010/0001718512-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718512/000171851223000010/gtes-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001718512-23-000010
- JSON: https://secwatch.observer/filing/0001718512-23-000010.json
- Plain text: https://secwatch.observer/filing/0001718512-23-000010.txt

## Key facts
- Earnings Releases
  Gates Industrial Corp plc reported the fourth quarter of 2022 and full year ended December 31, 2022 results: net income $84.9 million, or $0.30 per diluted share, EPS $0.30 per diluted share.
  - Period: the fourth quarter of 2022 and full year ended December 31, 2022
  - Net income: $84.9 million, or $0.30 per diluted share
  - EPS: $0.30 per diluted share
  - Result: reported results
  source text: On February 9, 2023, Gates Industrial Corporation plc announced its financial results and operating highlights for the fourth quarter of 2022 and full year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718512/000171851223000010/0001718512-23-000010-index.htm

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