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Gates Industrial Corporation Plc  (GTES)
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Price: $17.1100 $-0.01 -0.058%
Day's High: $17.295 Week Perf: 3.89 %
Day's Low: $ 17.00 30 Day Perf: 29.23 %
Volume (M): 8,490 52 Wk High: $ 17.56
Volume (M$): $ 145,259 52 Wk Avg: $12.77
Open: $17.07 52 Wk Low: $10.68



 Market Capitalization (Millions $) 4,744
 Shares Outstanding (Millions) 277
 Employees 15,050
 Revenues (TTM) (Millions $) 3,570
 Net Income (TTM) (Millions $) 256
 Cash Flow (TTM) (Millions $) 143
 Capital Exp. (TTM) (Millions $) 71

Gates Industrial Corporation Plc
Power Transmission. Our Power Transmission solutions enable and control motion. They are used in applications in which belts, chains, cables, geared transmissions or direct drives transfer power from an engine or motor to another part or system. Belt-based power transmission drives typically consist of either a synchronous belt or an asynchronous belt (V-belt, CVT belt or Micro-V' belt) and related components (sprockets, pulleys, water pumps, tensioners or other accessories). Within our Power Transmission segment, we offer solutions across the following key application platforms:
Stationary drives: fixed drive systems such as those used in a factory driving a machine or pump, on a grain elevator driving the lift auger or in a distribution center driving automated equipment such as conveyor lines or robotic picking machines;
Mobile drives: drives on a piece of mobile machinery such as a combine harvester or a road compactor;
Engine systems: synchronous drives and related components for cam shafts and auxiliary drives and asynchronous accessory drives for air conditioning ('A/C') compressors, power steering, alternators and starter/generator systems;
Personal mobility: drives on motorcycles, scooters, bicycles, both traditional and electric, as well as on snowmobiles and other power sports vehicles that are used to transfer power between the power source and the drive wheel(s) or track; and
Vertical lift: elevators, cargo lifts and other applications in which a belt, cable, chain or other lifting mechanism is used to carry load.
Customers choose power transmission solutions based on a number of factors, including application requirements such as load, speed, gear ratio, temperature, operating environment, ease of maintenance, noise, efficiency and reliability, as well as the support they receive from their suppliers, including application-specific engineering services. Belt-based drive systems have many advantages over other alternatives, as they are typically clean, low-maintenance, lubrication-free, quiet with low-vibration, lightweight, compact, energy-efficient, durable and reliable. In applications where these advantages are valued, customers frequently choose belts over other forms of power transmission solutions.
Our belts are classified by their general design into asynchronous and synchronous belts; in addition, we also manufacture metal drive components and assemble certain product kits for the automotive replacement channel.
Asynchronous Belts. Asynchronous belts are our highest-volume products and are used in a broad range of applications. Asynchronous belts are made of proprietary rubber formulations, textiles and embedded cords for reinforcement. We were a pioneer in the design and manufacturing of V-belts, which draw their name from the shape of their profile. We also manufacture 'ribbed' V-belts, which are belts with lengthwise V-shaped grooves, which we market under the Micro-V' name. This design results in a thinner belt for the same drive surface, making it more flexible and offering improved efficiency through lower friction losses.


   Company Address: 1144 Fifteenth Street Denver 80202 CO
   Company Phone Number: 744-1911   Stock Exchange / Ticker: NYSE GTES
   


Customers Net Income grew by GTES's Customers Net Profit Margin grew to

5.6 %

10.45 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Gates Industrial Corporation Plc

Decline in Income per Share Plunges 18.3% at GTES during October to December 2023 Financial Period

Gates Industrial Corporation Plc, a leading Industrial Machinery and Components company, recently announced its financial results for the October to December 30, 2023, time-frame. The company reported soft results with a decline in income and revenue compared to the previous year.
During this period, the company's income fell by 18.3% to $0.24 per share, while revenue decreased by 3.269% to $864.10 million, year on year. These results indicate a negative trend in the company's financial performance. In the previous reporting season, revenue decreased by 0.951% from $872.40 million, and profits fell by 15.66% from $0.29 per share.

Gates Industrial Corporation Plc

Income Plummets: Troubling Decline in EPS at Computer Peripherals & Office Equipment Company in Q1 2023

Gates Industrial Corporation Plc is facing a bleak future, as their first quarter performance for 2023 has left investors with a lot to worry about. The decrease in net income has led to a lower return on investment (ROI), which now stands at 3.49%, significantly below Gates Industrial Plc's average of 4.39%. This is a worrying sign for investors, particularly considering that there are 123 other technology companies that have a higher ROI.
The decline in net income has also led to a reduction in earnings per share (EPS) for Gates Industrial Corporation Plc, which has plummeted by -57.38% to $0.09 per share. While the company has seen revenue increase by a respectable 10.066% to $897.70 million, this is not enough to offset the decline in EPS.
This is a concerning trend, particularly as EPS has dropped by an alarming -69.94% from the previous quarter. Despite revenue increasing by 0.493% from the corresponding quarter a year ago, net income has fallen by -56.96% to $30.600 million. These numbers paint a worrying picture for the company, particularly as they seem to be struggling to maintain their market position.
The company has attempted to address these concerns by expanding opportunities and taking market share. However, their attempts seem to have fallen short, and there has been no significant improvement in their revenue or EPS. This is a worrying sign for investors, particularly as the company is expected to report next financial numbers on August 04, 2023.






 

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Earnings Outlook
Gates Industrial Corporation Plc does not provide earnings estimates.

 
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