earnings
confidence high
sentiment neutral
materiality 0.70
Gates Industrial Q4 net sales $829.4M (-3.9% YoY); adj. EBITDA margin 21.8%; introduces 2025 guidance
Gates Industrial Corp plc
2024-FY EPS reported
$0.74
revenue$3,408,200,000
- Q4 diluted EPS $0.14 (GAAP), adjusted EPS $0.36; prior year $0.24 and $0.37 respectively.
- Full-year net sales $3,408.2M (-4.5% YoY); adj. EBITDA $761.1M, margin 22.3% (+140 bps).
- FY2025 guidance: core sales growth -0.5% to +3.5%; adj. EBITDA $735-795M; adj. EPS $1.36-1.52.
- Power Transmission Q4 sales -2.4% (core -0.9%), EBITDA $112.9M; Fluid Power Q4 sales -6.4% (core -5.3%), EBITDA $67.9M.
- Generated $379.6M operating cash flow in FY24; repurchased $175M stock; total debt $2.4B, cash $682M.