{"schema_version":"secwatch.filing_event.v1","accession":"0001718512-23-000062","form_type":"8-K","ticker":"GTES","cik":"0001718512","company_name":"Gates Industrial Corp plc","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.169402+00:00","generated_at":"2026-06-08T22:33:58.846722+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Gates Industrial Q3 net sales record $872.9M; raises FY2023 adjusted EBITDA and EPS guidance","bullets":["Record Q3 net sales $872.9M (+1.4% YoY); core revenue -0.5%. Diluted EPS $0.29; adjusted EPS $0.35.","Adjusted EBITDA $189.4M (21.7% margin), up 110bps YoY. Power Transmission margin +220bps; Fluid Power -70bps.","FY2023 guidance raised: Adj EBITDA midpoint +$5M to $725-735M; Adj EPS +$0.04 to $1.22-1.28; CapEx <$85M.","YTD operating cash flow $291.7M vs $18.8M prior year; cash $556.8M, debt $2.5B, borrowing headroom $468.4M.","Replacement business grew; Automotive Replacement core revenues mid-single digit; On-Highway, Energy end markets solid."],"urls":{"canonical":"https://secwatch.observer/filing/0001718512-23-000062","json":"https://secwatch.observer/filing/0001718512-23-000062.json","markdown":"https://secwatch.observer/filing/0001718512-23-000062.md","text":"https://secwatch.observer/filing/0001718512-23-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000062/0001718512-23-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000062/gtes-20231103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T22:33:58.846722+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":"56766a864fc70d01a7c6f867af30de6e72d80539","claim":"Gates Industrial Corp plc reported full year 2023 results: EPS Adjusted EPS $1.22 to $1.28. Guidance raised.","evidence_excerpt":"Raising 2023 full-year adjusted EPS and adjusted EBITDA guidance.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000062/0001718512-23-000062-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"EPS","value":"Adjusted EPS $1.22 to $1.28"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"7a71b5fa03e667eaba9577ed390b20ee98354a6a","claim":"Gates Industrial Corp plc reported third quarter ended September 30, 2023 results: revenue $872.9 million, net income $78.7 million, EPS $0.29 per diluted share.","evidence_excerpt":"Record third-quarter net sales of $872.9 million, up 1.4% compared to the prior-year period and representing a core revenue decrease of (0.5)% year-over-year. ◦ Net income attributable to shareholders of $78.7 million, or $0.29 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718512/000171851223000062/0001718512-23-000062-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$872.9 million"},{"label":"Net income","value":"$78.7 million"},{"label":"EPS","value":"$0.29 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"}