{"schema_version":"secwatch.filing_event.v1","accession":"0001718512-23-000030","form_type":"8-K","ticker":"GTES","cik":"0001718512","company_name":"Gates Industrial Corp plc","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.205472+00:00","generated_at":"2026-06-15T22:27:28.295480+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Gates Industrial Q1 net sales $897.7M, core growth 4.0%; Board authorizes $250M buyback","bullets":["Revenue $897.7M (+0.5% YoY), core growth 4.0%; diluted GAAP EPS $0.09.","Adjusted EBITDA $174.5M (19.4% margin, +180bps YoY); adjusted EPS $0.25.","Power Transmission segment sales $548.1M (-1.3%); Fluid Power sales $349.6M (+3.5%).","Board authorized up to $250M share repurchase program through Oct 2024.","FY2023 guidance reaffirmed: core revenue growth 1-5%, Adjusted EBITDA $700-750M, adj EPS $1.13-$1.23."],"urls":{"canonical":"https://secwatch.observer/filing/0001718512-23-000030","json":"https://secwatch.observer/filing/0001718512-23-000030.json","markdown":"https://secwatch.observer/filing/0001718512-23-000030.md","text":"https://secwatch.observer/filing/0001718512-23-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000030/0001718512-23-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000030/gtes-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:27:28.295480+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":"33550d646bfa5d6de7232df54e67f3ff4c28b21a","claim":"Gates Industrial Corp plc reported first quarter of 2023 results: revenue $897.7 million, net income $26.4 million, EPS $0.09 per diluted share. Guidance reaffirmed.","evidence_excerpt":"--- EX-99.1 (EX-99.1) --- Gates Industrial Reports First-Quarter 2023 Results Denver, CO, May 4, 2023 First-Quarter 2023 Financial Summary ◦ Record first-quarter net sales of $897.7 million, up 0.5% compared to the prior-year period, including core revenue growth of 4.0%. ◦ Net income attributable to shareholders of $26.4 million, or $0.09 per diluted share. ◦","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000030/0001718512-23-000030-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Revenue","value":"$897.7 million"},{"label":"Net income","value":"$26.4 million"},{"label":"EPS","value":"$0.09 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"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"}