Highest-materiality recent filing
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).
Q4 diluted EPS $0.14 (GAAP), adjusted EPS $0.36; prior year $0.24 and $0.37 respectively.
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 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.
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.
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.
Max materiality 0.80 · Median 0.62 · Most common event earnings