Welcome to our dedicated page for Gates Industrial news (Ticker: GTES), a resource for investors and traders seeking the latest updates and insights on Gates Industrial stock.
Gates Industrial Corporation plc (NYSE: GTES) is a global manufacturer of highly engineered power transmission and fluid power solutions, and its news flow reflects activity across industrial, consumer and digital infrastructure markets. Company announcements frequently highlight quarterly financial results, participation in investor conferences, and developments in product portfolios that serve both traditional industrial sectors and newer areas such as data centers and high-performance computing.
Investors following GTES news can expect regular earnings releases detailing net sales, segment performance for Power Transmission and Fluid Power, and non-GAAP measures such as Adjusted EBITDA and Adjusted Net Income. These updates often include commentary on end-market trends in areas like automotive replacement, personal mobility, agriculture, construction, manufacturing and energy, as well as guidance ranges for core sales growth, profitability and cash flow metrics.
Beyond financial reporting, Gates issues news on its presence at major industrial and materials conferences hosted by firms such as Goldman Sachs, Baird, Jefferies and Wolfe Research. These events provide additional context on the company’s strategy, capital allocation and focus areas across its global regions.
Product-related news includes launches such as the Data Master™ Eco liquid cooling hose, described as part of Gates’ Data Center Solutions portfolio for hyperscale data centers and high-performance computing environments. Such announcements shed light on how the company applies its power transmission and fluid power expertise to emerging applications in AI-enabled, data center-centric infrastructure.
For investors, analysts and industry observers, the GTES news page on Stock Titan aggregates these earnings releases, conference participation notices and product updates in one place, offering a structured view of how Gates Industrial communicates its operational progress and market focus over time.
Gates Industrial (NYSE: GTES) reported Q4 2024 results with net sales of $829.4M, down 3.9% year-over-year, including a core sales decline of 2.6%. Q4 net income was $36.6M ($0.14 per diluted share), compared to $62.9M ($0.24 per share) in Q4 2023.
Full-year 2024 performance showed net sales of $3,408.2M, a 4.5% decline, with core sales down 3.5%. Annual net income reached $194.9M ($0.74 per share), versus $232.9M ($0.84 per share) in 2023. The company generated $379.6M in operating cash flow.
The company's adjusted EBITDA margin improved to 22.3% for 2024, up from 20.9% in 2023. For 2025, Gates forecasts core sales growth between -0.5% and +3.5%, with adjusted EBITDA of $735M to $795M and adjusted EPS of $1.36 to $1.52.
Gates Industrial (NYSE:GTES) has announced it will release its fourth-quarter 2024 earnings report before market opening on Thursday, February 6, 2025. The company will host a webcast and conference call at 11:00 a.m. Eastern time on the same day to discuss the financial results.
Investors can access the conference call by dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) with Conference ID 5772067. A live webcast will be available through Gates Industrial's investor website. An audio replay will be accessible from 1:00 p.m. Eastern time on February 6 until February 13, 2025, via phone or the company's website.
Gates Industrial (NYSE: GTES) announced its management's participation in two upcoming investor conferences. The company will participate in fireside chats at the Baird Global Industrial Conference on November 13, 2024, at 4:05 p.m. Central time, where CEO Ivo Jurek will present. Additionally, CEO Ivo Jurek and CFO Brooks Mallard will present at the Goldman Sachs Industrials & Materials Conference on December 4, 2024, at 2:00 p.m. Eastern time. Live webcasts of both presentations will be available through the Events & Presentations section of Gates' Investor Relations website.
Gates Industrial announced the pricing of a secondary offering of 11,635,224 ordinary shares by selling stockholders affiliated with Blackstone Inc. The shares are priced at $19.40 per share, with the offering expected to close on November 5, 2024. Gates will not receive any proceeds from this offering as it's not offering any shares directly. Goldman Sachs & Co is serving as the book-running manager for the offering.
Gates Industrial announced a secondary offering of 11,635,224 ordinary shares by selling stockholders affiliated with Blackstone Inc. The company itself is not offering any shares and will not receive any proceeds from the sale. Goldman Sachs & Co is serving as the book-running manager for the offering. The company has filed a registration statement with the SEC, and interested investors can access documents through the SEC's EDGAR website or request them from Goldman Sachs.
Gates Industrial (NYSE:GTES) reported Q3 2024 results with net sales of $830.7 million, down 4.8% year-over-year. Net income was $47.6 million ($0.18 per diluted share), while Adjusted Net Income reached $86.9 million ($0.33 per diluted share). The company's Adjusted EBITDA was $182.5 million with a 22.0% margin, showing a 30 basis points expansion.
The company increased its full-year 2024 Adjusted EPS guidance to $1.33-$1.37. Both Power Transmission and Fluid Power segments saw revenue declines, with core sales dropping 3.3% and 4.7% respectively. Operating cash flow year to date was $188.7 million, compared to $291.7 million in the prior year.
Gates Industrial plc (NYSE: GTES) has announced the release date for its third-quarter 2024 earnings. The company will issue its earnings release before the market opens on Wednesday, October 30, 2024. Following this, management will host a webcast and conference call at 11:00 a.m. Eastern time to discuss the financial results.
Investors can access the conference call by dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Third-Quarter 2024 Earnings Conference Call or providing the Conference ID of 5772067. A live webcast will also be available through Gates Industrial's website at investors.gates.com.
An audio replay of the conference call will be accessible from approximately 1:00 p.m. Eastern time on October 30, 2024, until 11:59 p.m. Eastern time on November 6, 2024. It can be accessed by dialing (800) 770-2030 (domestic) or +1 (647) 362-9199 (international) and providing the passcode 5772067, or through the company's website.
Gates (NYSE: GTES) is launching the Data Master™ Data Center Cooling Hose in Q4 2024, expanding its data center cooling portfolio. This innovative fluid conveyance solution is designed for high-performance computing environments, offering superior flexibility, performance, and cleanliness. Key features include:
- Enhanced flexibility and compactness for easier assembly and routing
- Compliance with UL94V-0 and VW-1 flame resistance standards
- Specialty-compounded materials to ensure system cleanliness
- Reduced fluid contamination for fewer operational disruptions
The product addresses the growing demand for liquid cooling solutions in data centers, particularly for compute-intensive applications like AI. Gates, a member of the Open Compute Project (OCP), continues to invest in innovative technologies to meet evolving data center needs.
Gates (NYSE: GTES), a global manufacturer of power transmission and fluid power solutions, has released its 2023 Sustainability Report. The report highlights progress in four key areas: Governance, Technology, Environment, and Stewardship. Notable achievements include:
- Bringing 818,000 kWh of solar energy online
- Reducing 18M kWh of natural gas and 7M kWh of electricity consumption
- 20% decrease in Total Case Incident Rates (TCIR)
- 15% reduction in severe injuries
Gates continues to focus on decarbonization, waste reduction, and water conservation. The company's sustainability reporting aligns with international standards, including IFRS, SASB, TCFD, GRI, and UN SDGs. Gates employees are actively involved in community volunteer activities, demonstrating the company's commitment to making a positive impact globally.
Gates Industrial plc (NYSE: GTES), a leading manufacturer of power transmission and fluid power solutions, has announced its participation in Morgan Stanley's 12th Annual Laguna Conference. The event will take place on September 11, 2024, in Dana Point, California.
Brooks Mallard, the company's Chief Financial Officer, is scheduled to present at 9:55 am Pacific time. Investors and interested parties can access a webcast of the presentation through the Events & Presentations section of Gates Industrial's Investor Relations website at investors.gates.com.
This conference participation provides an opportunity for Gates Industrial to showcase its innovative solutions and engage with industry professionals and investors. The company's presence at such events demonstrates its commitment to transparency and shareholder communication.