{"schema_version":"secwatch.filing_event.v1","accession":"0001718512-24-000031","form_type":"8-K","ticker":"GTES","cik":"0001718512","company_name":"Gates Industrial Corp plc","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.721083+00:00","generated_at":"2026-06-03T03:04:27.256953+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Gates Industrial Q1 adjusted EBITDA margin expands to 22.7%; raises full-year EBITDA guidance","bullets":["Net sales $862.6M (-3.9% YoY); core revenue declined 3.6% with Replacement flat and First Fit down double-digits.","Adjusted EBITDA $195.6M (22.7% margin), up 330 bps from 19.4% YoY; driven by enterprise initiatives and pricing.","Adjusted EPS $0.31 (GAAP $0.15); higher tax rate reduced EPS by ~$0.03 vs prior year.","Raised FY 2024 Adjusted EBITDA guidance to $745-805M (from $725-785M); core revenue and EPS guidance unchanged.","Repaid $100M term loans, repurchased ~$50M shares; $522M cash and $2.4B debt; $50M remaining buyback authorization."],"urls":{"canonical":"https://secwatch.observer/filing/0001718512-24-000031","json":"https://secwatch.observer/filing/0001718512-24-000031.json","markdown":"https://secwatch.observer/filing/0001718512-24-000031.md","text":"https://secwatch.observer/filing/0001718512-24-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718512/000171851224000031/0001718512-24-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718512/000171851224000031/gtes-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:04:27.256953+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":"415198c4a233d612f9930fac7d2af26383e32d4a","claim":"Gates Industrial Corp plc reported the first quarter ended March 30, 2024 results: revenue $862.6 million, net income $40.0 million, EPS $0.15 per diluted share. Guidance raised.","evidence_excerpt":"--- EX-99.1 (EX-99.1) --- Gates Industrial Reports First-Quarter 2024 Results Denver, CO, May 1, 2024 First-Quarter 2024 Financial Summary ◦ First-quarter net sales of $862.6 million, down 3.9% compared to the prior-year period, including core revenue decline of 3.6%. ◦ Net income attributable to shareholders of $40.0 million, or $0.15 per diluted share. ◦","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718512/000171851224000031/0001718512-24-000031-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 30, 2024"},{"label":"Revenue","value":"$862.6 million"},{"label":"Net income","value":"$40.0 million"},{"label":"EPS","value":"$0.15 per diluted share"},{"label":"Guidance","value":"raised"},{"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"}