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Gates Industrial Corporation plc - $GTES STOCK NEWS

Welcome to our dedicated page for Gates Industrial Corporation plc news (Ticker: $GTES), a resource for investors and traders seeking the latest updates and insights on Gates Industrial Corporation plc stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gates Industrial Corporation plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gates Industrial Corporation plc's position in the market.

Rhea-AI Summary
Gates Industrial Corporation plc (GTES) has rescheduled its Fourth-Quarter 2023 webcast and conference call from 10 a.m. to 9 a.m. Eastern time on February 8, 2024. Access information remains the same. The live webcast can be accessed through Gates Industrial's website. An audio replay will be available until February 15, 2024.
Rhea-AI Impact
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End-of-Day
0.85%
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Rhea-AI Summary
Gates Industrial Corporation plc (GTES) will release its fourth-quarter earnings on February 8, 2024, followed by a webcast and conference call to discuss financial results. The call can be accessed via phone or live webcast, with an audio replay available until February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
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Rhea-AI Summary
Gates Industrial Corporation plc (NYSE:GTES) invites investors to attend its Capital Markets Day on March 11, 2024. CEO Ivo Jurek and CFO Brooks Mallard will update stakeholders on strategic priorities, growth opportunities, and financial performance. A webcast and presentation materials will be available on the Gates Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
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conferences
Rhea-AI Summary
Gates Industrial Corporation plc (NYSE: GTES) has announced the pricing of a secondary offering of 15,000,000 ordinary shares by certain selling stockholders affiliated with Blackstone Inc. The underwriters have also been granted a 30-day option to purchase up to 2,250,000 additional ordinary shares. The Offering is expected to close on December 13, 2023, subject to customary closing conditions. Gates is not offering any ordinary shares in the Offering and will not receive any proceeds from the sale of ordinary shares in the Offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.33%
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Rhea-AI Summary
Gates Industrial Corporation plc (NYSE: GTES) announced a secondary offering of 15,000,000 ordinary shares by certain selling stockholders affiliated with Blackstone Inc. Gates will not receive any proceeds from the sale of ordinary shares in the Offering. The underwriters have been granted a 30-day option to purchase up to 2,250,000 additional ordinary shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.33%
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Rhea-AI Summary
Gates Industrial Corporation reported record third-quarter net sales of $872.9 million, up 1.4% YoY. Net income attributable to shareholders was $78.7 million, or $0.29 per diluted share. Adjusted EBITDA was $189.4 million, with a margin of 21.7%. The company raised its 2023 full-year adjusted EPS and adjusted EBITDA guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.49%
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Rhea-AI Summary
Gates Industrial Corporation plc will participate in the Baird 2023 Global Industrial Conference in Chicago on November 8, 2023. CEO Ivo Jurek will present at 11:25 a.m. Central Time. The webcast and presentation materials can be accessed on the Gates Investor Relations website.
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-0.09%
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conferences
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Rhea-AI Summary
Gates Industrial Corporation to release Q3 earnings on November 3, 2023.
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0.35%
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Rhea-AI Summary
Gates Industrial Corporation to participate in Morgan Stanley's conference
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1.22%
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conferences
Rhea-AI Summary
Gates Industrial Corporation to participate in RBC Capital Markets Global Industrials Conference
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Rhea-AI Sentiment
End-of-Day
0.24%
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conferences
Gates Industrial Corporation plc

NYSE:GTES

GTES Rankings

GTES Stock Data

4.23B
189.60M
0.58%
92.98%
2.99%
Mechanical Power Transmission Equipment Manufacturing
Manufacturing
Link
United States of America
DENVER

About GTES

gates is the world’s leading manufacturer of power transmission belts and a premier global manufacturer of fluid power products. our highly engineered products are critical components used in diverse industrial and automotive applications where the cost of failure is very high relative to the cost of our products. we provide a differentiated value proposition to our customers by offering a complete portfolio of premium product and service solutions for both replacement and first-fit applications across our targeted end markets, which encompass process and specialty, construction, agriculture, energy, transportation and automotive. we sell our products globally under the gates brand, which is recognized by distributors, original equipment manufacturers and installers as the premium brand for quality and technological innovation, a reputation which we have built for over a century since our founding in 1911. if it moves you, there’s a good chance gates has a part in it. gates. powering