Gates Industrial Reports First-Quarter 2024 Results [Yahoo! Finance]
Gates Industrial Corporation plc Ordinary Shares (GTES)
Last gates industrial corporation plc ordinary shares earnings: 2/4 04:10 pm
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Source: Yahoo! Finance
First-quarter net sales of $862.6 million , down 3.9% compared to the prior-year period, including core revenue decline of 3.6%. Net income attributable to shareholders of $40.0 million , or per diluted share. Adjusted Net Income per diluted share of , inclusive of unfavorable tax impact. Net income from continuing operations of $46.2 million , or a margin of 5.4%. Adjusted EBITDA of $195.6 million and margin of 22.7%. Increased full-year 2024 Adjusted EBITDA guidance. Gates Industrial Corporation plc (NYSE:GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the first quarter ended March 30, 2024. Ivo Jurek , Gates Industrial's Chief Executive Officer, commented, "We produced strong year-over-year margin expansion while experiencing softer industrial demand. Our enterprise initiatives are building momentum. I thank our global Gates associates for their commitment and dedication to serving our
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GTES
News
- GATES ANNOUNCES SECONDARY OFFERING OF 17,500,000 ORDINARY SHARESPR Newswire
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- Gates Industrial Corporation plc Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- Gates Industrial First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Gates Industrial Corp PLC (NYSE: GTES) had its price target raised by analysts at Robert W. Baird from $25.00 to $26.00. They now have an "outperform" rating on the stock.MarketBeat
GTES
Earnings
- 5/1/24 - Beat
GTES
Sec Filings
- 5/15/24 - Form 424B5
- 5/1/24 - Form IRANNOTICE
- 5/1/24 - Form 10-Q
- GTES's page on the SEC website