The company is set to announce its latest quarterly earnings on Thursday, April 30th, with a consensus estimate of $0.32 earnings per share.
Gates Industrial Corporation plc is currently priced at $24.95, showing a decrease of 59 cents (-2.31%) from the previous close. The trading volume is at $269,468, representing a 10.65% deviation from the average.
In the most recent earnings report on Wednesday, February 11th, the company reported an earnings per share of $0.38, surpassing the consensus estimate of $0.37.
The company generated a free cash flow of $251 million, with a net change in cash of $122.7 million. Operating cash flow stood at $269.8 million, while debt repayment amounted to $9.3 million.
Revenues for the period reached $856.2 million, resulting in a gross profit of $343.3 million. The company reported a net income of $51.3 million, translating to earnings per share of 20 cents.
Key ratios include a gross profit margin of 40.1%, return on assets of 0.72%, and a price-to-earnings ratio of 26.84.
With total assets at $7.15 billion and total liabilities at $3.46 billion, Gates Industrial Corporation plc maintains a strong financial position with net debt amounting to $1.70 billion.
This financial snapshot provides insights into GTES's performance and financial health ahead of its upcoming earnings announcement.
Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. It operates in two segments, Power Transmission and Fluid Power. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, or other accessories; solutions for stationary and mobile drives, engine systems, personal mobility, and vertical lifts application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, engine systems, and other industrial application platforms; and hydraulics, including hoses, tubing, and fittings, as well as assemblies. The company serves construction, agriculture, energy and resources, automotive, transportation, mobility and recreation, consumer products, and various industrial applications, such as automated manufacturing and logistics systems. It sells its engineered products under the Gates brand. The company offers its products to replacement channel customers, as well as to original equipment manufacturers. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado.