Gates Industrial Reports Fourth-Quarter and Full Year 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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US:NYSE Investor Relations:
gates.com/about-us/investor-relations
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Source: Yahoo! Finance
In This Article GTES DENVER Feb. 6, 2025 /PRNewswire/ -- Gates Industrial Corporation Fourth -Quarter 2024 Financial Summary Fourth-quarter net sales of $829.4 million , down 3.9% compared to the prior-year period, including a core sales decline of 2.6%. Net income attributable to shareholders of $36.6 million , or per diluted share. Adjusted Net Income per diluted share of Net income from continuing operations of $41.2 million , or a margin of 5.0%. Adjusted EBITDA of $180.8 million , or a margin of 21.8%. Full-Year 2024 Financial Summary Net sales of $3,408.2 million , representing a 4.5% decline, including a core sales decline of 3.5%. Net income attributable to shareholders of $194.9 million , or per diluted share. Adjusted Net Income per diluted share of Net income from continuing operations of $220.5 million , or a margin of 6.5%. Adjusted EBITDA of $761.1 million , or a margin of 22.3%. Generated $379.6 million of operating cash flow. Introduc
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News
- Gates Industrial (NYSE:GTES) had its price target lowered by analysts at JPMorgan Chase & Co. from $33.00 to $32.00. They now have an "overweight" rating on the stock.MarketBeat
- Gates Industrial (NYSE:GTES) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- Q3 Rundown: Gates Industrial Corporation (NYSE:GTES) Vs Other Engineered Components and Systems Stocks [Yahoo! Finance]Yahoo! Finance
- Gates Industrial: Structural Growth Underway, Yet The Stock Still Feels Cyclical [Seeking Alpha]Seeking Alpha
- Gates Industrial (NYSE:GTES) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=GTES&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street ZMarketBeat
GTES
Earnings
- 10/29/25 - Beat
GTES
Sec Filings
- 12/18/25 - Form 4
- 12/1/25 - Form 4
- 11/26/25 - Form 144
- GTES's page on the SEC website