{"schema_version":"secwatch.filing_event.v1","accession":"0001718512-23-000050","form_type":"8-K","ticker":"GTES","cik":"0001718512","company_name":"Gates Industrial Corp plc","filed_at":"2023-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.974785+00:00","generated_at":"2026-06-12T06:08:15.481614+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Gates Q2 record sales $936.3M (+3.3%); raises FY adjusted EPS guidance","bullets":["Net income $64.9M ($0.23 diluted); adj. EPS $0.36 vs $0.32 YoY.","Adjusted EBITDA $197.3M (21.1% margin, +120bps YoY).","Power Transmission sales +5.7% to $574M; Fluid Power -0.4% to $362M.","FY 2023 core revenue guidance lowered to 0-2% (prior 1-5%); adj. EPS raised to $1.18-$1.24.","Generated $131M operating cash in Q2; executed $250M share repurchase in May."],"urls":{"canonical":"https://secwatch.observer/filing/0001718512-23-000050","json":"https://secwatch.observer/filing/0001718512-23-000050.json","markdown":"https://secwatch.observer/filing/0001718512-23-000050.md","text":"https://secwatch.observer/filing/0001718512-23-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000050/0001718512-23-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000050/gtes-20230804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T06:08:15.481614+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":"79a45bd91c7432dfa57eb4bacf4e54b4606f8b39","claim":"Gates Industrial Corp plc reported full year 2023 results: EPS 1.18 to 1.24. Guidance raised.","evidence_excerpt":"The Company is updating its full year financial guidance for 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000050/0001718512-23-000050-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"EPS","value":"1.18 to 1.24"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e2d0aaa372b3961b38131ce7d47e1d5ee027f9ba","claim":"Gates Industrial Corp plc reported second quarter of 2023 results: EPS 0.36.","evidence_excerpt":"EX-99.1 (EX-99.1) --- Gates Industrial Reports Second-Quarter 2023 Results Denver, CO, August 4, 2023 Second-Quarter 2023 Financial Summary ◦ Record second-quarter net sales of $936.3 million, up 3.3% compared to the prior-year period, including core revenue growth of 3.9%. ◦ Net income attributable to shareholders of $64.9 million, or $0.23 per diluted share. ◦","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000050/0001718512-23-000050-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"EPS","value":"0.36"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e2d0aaa372b3961b38131ce7d47e1d5ee027f9ba","claim":"Gates Industrial Corp plc reported second quarter of 2023 results: EPS 0.36.","evidence_excerpt":"Adjusted Net Income per diluted share of $0.36.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000050/0001718512-23-000050-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"EPS","value":"0.36"},{"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"}