Highest-materiality recent filing
Gates Industrial Q2 net sales $941.6M (+6.6% YoY), raises FY2026 guidance
Net sales $941.6M (+6.6% YoY); core sales +4.9%. Net income $170.9M ($0.67 diluted EPS); adjusted EPS $0.44.
Gates Industrial completes redomiciliation to Bermuda, becomes Gates Industrial Corporation Ltd.
On July 20, 2026, Gates Industrial Corporation Ltd. became the new holding company after a court-approved scheme of arrangement.
Gates Industrial receives court approval for redomiciliation to Bermuda; effective July 20
Court approval obtained for scheme of arrangement; shareholders approved on June 25, 2026.
Gates shareholders approve redomiciliation to Bermuda; effective July 20, 2026
91.9% of shares present at Court Meeting; 232,587,896 votes for, 914,464 against the Scheme.
Gates Industrial shareholders approve all 8 resolutions at 2026 AGM
All eight director nominees elected; Joseph S. Cantie (234.7M for) and Ivo Jurek (235.9M for) received highest support.
Gates Industrial Q1 revenue flat at $851M, core down 2.9%; guidance reiterated
Net sales $851.1M (+0.4% YoY); core revenue declined 2.9%.
Gates Industrial Q4 net sales up 3.2% to $856.2M; introduces 2026 guidance EPS $1.52-$1.68
Q4 net sales $856.2M (+3.2% YoY), core sales growth 0.6%; adjusted EPS $0.38.
Gates Industrial Q3 net sales $855.7M (+3% YoY); adj. EPS $0.39; raises FY guidance; $300M buyback
Net sales $855.7M (+3.0% YoY), core sales +1.7%. Net income $81.6M ($0.31 diluted EPS); adjusted EPS $0.39.
Gates Industrial Q2 net sales $883.7M (-0.2% YoY); raises FY2025 adjusted EBITDA and EPS guidance
Diluted EPS $0.22; adjusted EPS $0.39; adjusted EBITDA $199.2M (22.5% margin).
Gates Industrial shareholders approve all 10 resolutions at 2025 AGM
All nine director nominees elected; votes ranged from 232M to 244M for each.
Gates Q1 net sales $847.6M (-1.7%), adjusted EPS $0.36; reaffirms 2025 guidance
Net income $62.0M ($0.24 diluted EPS); adjusted diluted EPS $0.36.
Gates Industrial appoints Joseph S. Cantie as independent director effective March 30, 2025
Appointment effective March 30, 2025; Cantie to stand for election at 2025 Annual General Meeting.
Q4 diluted EPS $0.14 (GAAP), adjusted EPS $0.36; prior year $0.24 and $0.37 respectively.
Director Seth A. Meisel resigns from Gates Industrial board effective Dec 31, 2024
Seth A. Meisel notified Gates Industrial of his resignation from the Board of Directors, effective December 31, 2024.
Gates Industrial Q3 sales down 4.8% to $830.7M; adjusted EPS guidance raised
Diluted GAAP EPS $0.18 vs $0.29 YoY; adjusted EPS $0.33 vs $0.36.
Secondary offering of 20M shares priced after Aug 15 close; underwriters' 3M option exercised in full; expected close Aug 21.
Gates Industrial Q2 net sales down 5.4% to $885.5M; cuts full-year guidance; announces $250M buyback
Net sales $885.5M (-5.4% YoY); core sales decline 4.0%; net income $70.7M ($0.26 diluted EPS).
Gates Industrial shareholders elect all nine directors and approve all proposals at 2024 AGM
Fredrick Eliasson received 228,051,335 for and 11,394,602 against; each other nominee received over 234M for.
Gates appoints John Patouhas as SVP & Chief Accounting Officer, effective June 17, 2024
Patouhas will serve as principal accounting officer; Brooks Mallard remains EVP/CFO.
Gates Industrial issues $500M 6.875% notes due 2029, upsizes revolver, refinances 2026 notes
Issuer sold $500M of 6.875% Senior Notes due July 1, 2029, at par on June 4, 2024.
Gates prices $500M 6.875% senior notes due 2029 to refinance 2026 notes
$500M aggregate principal of 6.875% Senior Notes due 2029 priced at 100% of par; interest payable semi-annually Jan 1/Jul 1.
Blackstone-affiliated holders price secondary offering of 17.5M Gates shares
Selling stockholders (Blackstone affiliates) priced 17,500,000 ordinary shares at an undisclosed price.
Gates Industrial Q1 adjusted EBITDA margin expands to 22.7%; raises full-year EBITDA guidance
Net sales $862.6M (-3.9% YoY); core revenue declined 3.6% with Replacement flat and First Fit down double-digits.
Gates Industrial CAO David Wisniewski resigns; CFO Mallard to serve as principal accounting officer
David Wisniewski resigns as CAO, effective April 19, 2024, to pursue other opportunities.
Gates Industrial updates investor presentation with Q1 2024 estimates and 2026 targets
Updated Capital Markets Day presentation posted on company website on March 11, 2024.
Blackstone affiliates price secondary offering of 17.5M shares; Gates to repurchase $50M in shares
Underwritten secondary offering of 17,500,000 ordinary shares by Blackstone selling stockholders priced at market close on Feb 12, 2024.
Gates Industrial Q4 net sales $863.3M (-3.4%); Adj EBITDA margin 21.5% +290 bps
Q4 Adj net income $0.39/diluted vs $0.25 prior year; GAAP diluted $0.24.
Gates Industrial Q3 net sales record $872.9M; raises FY2023 adjusted EBITDA and EPS guidance
Record Q3 net sales $872.9M (+1.4% YoY); core revenue -0.5%. Diluted EPS $0.29; adjusted EPS $0.35.
Gates Q2 record sales $936.3M (+3.3%); raises FY adjusted EPS guidance
Net income $64.9M ($0.23 diluted); adj. EPS $0.36 vs $0.32 YoY.
Gates shareholders approve all proposals at 2023 AGM; say-on-pay passes with 72% support
All nine director nominees elected; Neil Simpkins received 86% for, 14% against (38.7M votes against).
Gates Industrial announces secondary offering by Blackstone; company to repurchase $250M shares
Selling stockholders affiliated with Blackstone offer 22.5M shares; underwriters' option for 3.375M exercised in full.
Gates Industrial Q1 net sales $897.7M, core growth 4.0%; Board authorizes $250M buyback
Revenue $897.7M (+0.5% YoY), core growth 4.0%; diluted GAAP EPS $0.09.
Gates Industrial discloses malware attack; production halted at most facilities
Malware attack discovered Feb 11, 2023; incident response and law enforcement notified.
Gates Industrial Q4 net sales up 9.5% to $893.3M; core revenue growth 16.0%; 2023 guidance issued
Q4 net income attributable to shareholders $84.9M ($0.30 diluted EPS), up from $62.7M ($0.21) YoY.
Gates Industrial appoints Seth Meisel to Board, Terry Klebe resigns
Seth Meisel appointed to Board effective Jan 1, 2023, designated by Blackstone under Shareholders Agreement.
Gates Industrial enters $575M dollar term loan amendment, repaying euro term loans
Subsidiaries entered Amendment No. 6, establishing $575.0M Initial B-4 Dollar Term Loans.
Director Julia Kahr resigns from Gates Industrial board, effective Dec 31, 2022
Julia Kahr notified resignation from Board of Directors on Nov 8, 2022; effective Dec 31, 2022.
Gates Industrial Q3 core revenue +7.6%; guides FY22 adjusted EBITDA $660-$690M
Net sales $860.7M, core +7.6% offset by 7.8% FX headwind; net income $51.9M ($0.18 diluted EPS).
Gates Industrial appoints Fredrik Eliasson as independent director
Appointment effective October 24, 2022; Eliasson will stand for election at 2023 AGM.
Gates Industrial Q2 net sales $906.8M, adj. EPS $0.32; lowers FY22 outlook on FX, supply chain
Net sales $906.8M, down 0.9% YoY; core revenue +3.6% offset by -4.5% FX.
Gates Industrial awards 754,830 RSUs to three NEOs; COO Lifsey transitions to part-time role
CEO Ivo Jurek receives 560,000 RSUs; CFO Brooks Mallard 118,380; CMO Thomas Pitstick 76,450 (vest in equal thirds over 3 years).
Gates Industrial shareholders elect directors, approve compensation at 2022 AGM
All seven resolutions passed, including director elections, advisory say-on-pay, and auditor ratifications.
Gates Industrial Q1 revenue up 1.4% to $893.4M; Adj EPS $0.26; maintains FY2022 guidance
Net sales $893.4M (+1.4% YoY); core revenue +4.1%; net income $30.9M ($0.10 diluted EPS).
Gates Industrial secondary offering of 5M shares at $15.14; company to repurchase 8M shares
Selling shareholders offer 5M ordinary shares at $15.14; underwriter's option for 750K additional exercised.
Gates Industrial posts updated investor presentation for Investor Day 2022
Company made 'Gates Investor Day 2022' presentation available on its website on March 8, 2022.
Gates Industrial Q4 rev +2.7% but margins shrink; guides 2022 core +5-9%
Q4 net sales $815.6M (+2.7% YoY); adj EPS $0.31 vs $0.20; Adj EBITDA margin 17.1% vs 20.5%.
Gates amends credit facilities: revolver up to $250M, ABL down to $250M; maturity extended to 2026
Cash flow revolver commitments increased from $185M to $250M; maturity extended to earlier of Nov 2026 or springing date.
Gates Industrial Q3 record revenue $862.4M (+21.1%); cuts FY margin outlook to 21.0-21.5%
Net sales $862.4M, up 21.1% YoY (core +19.0%); net income $70.2M ($0.23 diluted).
Blackstone affiliates pledge 65.9% of Gates Industrial shares as collateral for $565M loan
Borrowers (Blackstone affiliates) entered margin loan agreement on Sept 28, borrowing $565M.
Gates Industrial selling shareholders to offer 28.75M shares at $16.00 via secondary offering
Selling shareholders to sell 25M shares; underwriters' option for 3.75M additional shares exercised in full.
On March 27, 2025, the Board of Directors (the “Board”) of Gates Industrial Corporation plc (the “Company”) appointed Mr. Joseph S. Cantie as a director of the Company, effective March 30, 2025.
On August 15, 2024, Thomas G. Pitstick, President APAC and Global Strategy and “named executive officer” of Gates Industrial Corporation plc (the “Company”), was appointed to serve as the Company’s President, Americas, effective August 16, 2024.
On June 17, 2024, Gates Industrial Corporation plc (the “Company”) announced that its Board of Directors has appointed John Patouhas to serve as Senior Vice President and Chief Accounting Officer, effective June 17, 2024 (the “Effective Date”).
L. Brooks Mallard, the Company’s Executive Vice President, Chief Financial Officer, will assume the responsibilities of the Company’s principal accounting officer, effective as of the Resignation Date, in addition to his current role.
David M. Wisniewski, Chief Accounting Officer and the principal accounting officer of Gates Industrial Corporation plc (the “Company”), notified the Company of his intention to resign effective on or about April 19, 2024 (the “Resignation Date”) to pursue other opportunities.
Mr. Terry Klebe notified the Company of his intention to resign from the Company’s Board. This resignation was effective as of December 31, 2022.
appointed Mr. Seth Meisel as a director of the Company, effective January 1, 2023.
On November 8, 2022, Ms. Julia Kahr notified Gates Industrial Corporation plc (the “Company”) of her intention to resign from the Company’s Board of Directors.
On October 21, 2022, the Board of Directors (the “Board”) of Gates Industrial Corporation plc (the “Company”) appointed Mr. Fredrik Eliasson as a director of the Company, effective October 24, 2022.
Walter Lifsey notified Gates Industrial Corporation plc (the “Company”) of his intention to transition from his position as Executive Vice President and Chief Operating Officer to a new non-executive officer role, effective August 1, 2022.
Max materiality 0.90 · Median 0.62 · Most common event earnings