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 (GTES) reports developments as a global manufacturer of engineered power transmission and fluid power solutions. Its Power Transmission products convey power and control motion, while its Fluid Power products include hose and rigid tubing assemblies used to transfer hydraulic power or move fluids, gases and granular materials.
Recurring news covers quarterly and annual operating results, guidance, cash flow, balance sheet commentary, share repurchase activity and investor-conference presentations. Company updates also describe its OEM specified-component business, replacement-channel customers, and sales across the Americas, Europe, Middle East & Africa, Greater China, and East Asia & India.
Gates Industrial (NYSE:GTES) reported Q2 2025 results with net sales of $883.7 million, showing a slight decline of 0.2% year-over-year. The company posted net income of $56.5 million, or $0.22 per diluted share, with Adjusted Net Income per share of $0.39.
The Power Transmission segment saw 1.5% growth in net sales to $550.1 million, while Fluid Power segment experienced a 2.9% decline to $333.6 million. The company's Replacement channels and Mobility business showed strong performance, with the latter growing double-digits. Agriculture sector returned to growth for the first time since Q4 2022.
Gates Industrial has raised its 2025 guidance, projecting core sales growth of 0.5% to 2.5%, Adjusted EBITDA of $765-795 million, and Adjusted EPS of $1.44-1.52. The company expects Free Cash Flow conversion to exceed 90%.
Gates Industrial Corporation (NYSE:GTES) has scheduled its second-quarter 2025 earnings release for Wednesday, July 30, 2025, before market opening. The company will host a conference call and webcast at 11:30 a.m. Eastern time to discuss the financial results.
Investors can access the conference call via phone using the numbers (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) with Conference ID 5772067. A live webcast will be available through the company's investor relations website. An audio replay will be accessible from 2:30 p.m. ET on July 30 until 11:59 p.m. ET on August 6, 2025.
Gates Industrial Corporation (NYSE: GTES), a leading manufacturer of power transmission and fluid power solutions, has announced its participation in the upcoming Wolfe Research Global Transportation & Industrials Conference. The event will take place in New York City on May 21, 2025, where CFO Brooks Mallard will deliver a presentation at 9:35 AM Eastern Time. Investors and interested parties can access a live webcast of the presentation through the Events & Presentations section on Gates' Investor Relations website at investors.gates.com.
Gates Industrial reported its Q1 2025 results with net sales of $847.6 million, showing a 1.7% decrease from the previous year, though core revenue grew by 1.4%. The company achieved net income of $62.0 million ($0.24 per diluted share) and Adjusted Net Income of $0.36 per share.
The Power Transmission segment recorded net sales of $527.2 million (-1.1% YoY) with an Adjusted EBITDA margin of 22.1%. The Fluid Power segment posted net sales of $320.4 million (-2.9% YoY) with an Adjusted EBITDA margin of 22.0%.
CEO Ivo Jurek highlighted strong growth in Auto Replacement and Personal Mobility markets, along with improved gross margins. The company maintained its 2025 guidance, projecting:
- Core sales growth: -0.5% to +3.5%
- Adjusted EBITDA: $735-795 million
- Adjusted EPS: $1.36-$1.52
- Free Cash Flow conversion above 90%
Gates Industrial (NYSE:GTES) has announced a schedule change for its first-quarter 2025 earnings conference call and webcast. The event will now take place at 9 a.m. Eastern time on Wednesday, April 30, 2025, one hour earlier than previously scheduled.
Participants can join via phone by dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) using Conference ID 5772067. A live webcast will be available through the company's investor website at investors.gates.com.
An audio replay will be accessible from approximately 1:00 p.m. Eastern time on April 30 until 11:59 p.m. Eastern time on May 7, 2025. Replay access numbers are (800) 770-2030 (domestic) or +1 (647) 362-9199 (international), with passcode 5772067.
Gates Industrial (NYSE:GTES) has scheduled its first-quarter 2025 earnings release for Wednesday, April 30, 2025, before market opening. The company will host a webcast and conference call at 10:00 a.m. Eastern time to discuss the financial results.
Investors can access the conference call via phone by dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) with Conference ID 5772067. A live webcast will be available through the company's investor relations website at investors.gates.com.
An audio replay will be accessible from 1:00 p.m. Eastern time on April 30 until May 7, 2025, via phone at (800) 770-2030 (domestic) or +1 (647) 362-9199 (international) using passcode 5772067, or through the company's website.
Gates (NYSE: GTES) has announced the launch of Data Master MegaFlex, a revolutionary large-diameter cooling hose designed for data center applications. The product, available from April 2025, expands the company's data center portfolio following the 2024 release of Data Master small-diameter hose.
The new hose, ranging from 1.25" to 2" in diameter, features up to 75% tighter minimum bend radius than competitors, enabling easier installations and cleaner layouts in high-density environments. Engineered with peroxide-cured EPDM tube, it ensures compatibility with multiple coolant types, including PG25, for optimal performance in closed-loop systems.
This innovation specifically targets high-flow liquid cooling systems in data centers, focusing on critical connections between cooling distribution units (CDUs) and rack manifolds, addressing the intense thermal loads of high-density server environments.
Gates Industrial plc (NYSE: GTES), a leading manufacturer of power transmission and fluid power solutions, has announced its participation in the upcoming J.P. Morgan Industrials Conference in New York City. The event is scheduled for Wednesday, March 12, 2025, where Brooks Mallard, Chief Financial Officer, will deliver a presentation at 4:40 pm Eastern Time.
Investors and interested parties can access a live webcast of the presentation through the Events & Presentations section on Gates Industrial's Investor Relations website at investors.gates.com.
Gates Industrial (NYSE: GTES), a global manufacturer of innovative power transmission and fluid power solutions, has announced its participation in two major investor conferences. CEO Ivo Jurek will engage in fireside chats at:
- The Citi Global Industrial Tech and Mobility Conference on Tuesday, February 18, 2025, at 1:50 p.m. Eastern time
- The Barclays Industrial Select Conference on Wednesday, February 19, 2025, at 1:15 p.m. Eastern time
Interested parties can access live webcasts of both presentations through the Events & Presentations section on Gates' Investor Relations website at investors.gates.com.
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.