Gates IndustrialNYSE: GTES

DENVER , Nov. 4, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that management will participate in fireside chats at the following upcoming investor conferences: The Baird Global Industrial Conference on Wednesday, November 13, 2024 at 4:05 p.m. Central time.

Although the revenue and EPS for Gates Industrial (GTES) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

DENVER , Oct. 30, 2024 /PRNewswire/ --  Third -Quarter 2024 Financial Summary Third-quarter net sales of $830.7 million, down 4.8% compared to the prior-year period and representing a core sales decline of 3.8% year-over-year. Net income attributable to shareholders of $47.6 million, or $0.18 per diluted share.

Gates Industrial Corporation plc (NYSE:GTES ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Rich Kwas - Vice President-Investor Relations Ivo Jurek - Chief Executive Officer Brooks Mallard - Chief Financial Officer Conference Call Participants Jeff Hammond - KeyBanc Nigel Coe - Wolfe Research Damian Karas - UBS Julian Mitchell - Barclays Deane Dray - RBC Mike Halloran - Baird Clay Williams - Goldman Sachs David Raso - Evercore ISI Andrew Kaplowitz - Citi Operator Thank you for standing by. My name is Briana, and I will be your conference operator today.

Gates Industrial (GTES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Gates introduces a new Data Master Cooling Hose to address the rising demand from high-performance data centers.

Expanding its cutting-edge portfolio of data center cooling solutions, the Data Master™ Cooling Hose provides flexibility, performance, and cleanliness designed for high-performance computing environments DENVER , Sept. 10, 2024 /PRNewswire/ -- Gates  (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, is continuing to drive innovation for the data center cooling market with the upcoming launch of the Data Master™ Data Center Cooling Hose.

Gates Industrial Corporation stock remains a 'Buy' due to improving profitability trends, despite a recent 8% decline in stock performance over the past 5+ months. Technical analysis shows a bullish ascending triangle pattern with increased buying volume and MACD bullish divergence, suggesting potential for higher highs soon. Q2 results highlighted a 270 bps gross margin improvement and a 6% rise in adjusted EPS, indicating strong profitability despite a 4% revenue drop.

Sixth Annual Report Highlights Continued Progress in Four Pillars of Sustainability Strategy: Governance, Technology, Environment, and Stewardship DENVER , Sept. 6, 2024 /PRNewswire/ --  Gates  (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, has published its annual Sustainability Report for 2023.