Gates Industrial Corporation plc (GTES) Income Statement Analysis

See more : Ascendant Resources Inc. (ASDRF) Income Statement Analysis – Financial Results

Complete financial analysis of Gates Industrial Corporation plc (GTES) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Gates Industrial Corporation plc, a leading company in the Industrial – Machinery industry within the Industrials sector.

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Gates Industrial Corporation plc (GTES)

Industry: Industrial - Machinery

Sector: Industrials

Website: https://www.gates.com

About Gates Industrial Corporation plc

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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	3.57B	3.55B	3.47B	2.79B	3.09B	3.35B	3.04B	2.75B	2.75B	3.04B	2.95B	2.92B
Cost of Revenue	2.21B	2.30B	2.14B	1.76B	1.94B	2.02B	1.82B	1.69B	1.71B	2.02B	1.83B	1.87B
Gross Profit	1.36B	1.25B	1.34B	1.03B	1.14B	1.33B	1.22B	1.06B	1.04B	1.03B	1.11B	1.05B
Gross Profit Ratio	38.06%	35.19%	38.54%	37.05%	37.01%	39.75%	40.04%	38.62%	37.74%	33.76%	37.81%	35.99%
Research & Development	0.00	69.40M	70.70M	67.20M	67.90M	71.40M	68.60M	68.50M	67.40M	53.80M	47.20M	45.60M
General & Administrative	879.20M	847.20M	852.70M	776.90M	777.30M	805.80M	779.60M	744.10M	784.50M	815.70M	462.40M	491.00M
Selling & Marketing	3.00M	6.50M	12.00M	6.70M	10.20M	170.30M	10.40M	0.00	305.60M	0.00	322.10M	319.90M
SG&A	882.20M	853.70M	852.70M	776.90M	777.30M	805.80M	779.60M	744.10M	784.50M	815.70M	784.50M	810.90M
Other Expenses	14.10M	200.00K	-9.30M	-1.00M	9.10M	-17.40M	-56.30M	200.00K	200.00K	-400.00K	0.00	0.00
Operating Expenses	896.30M	853.90M	843.40M	775.90M	786.40M	820.10M	779.30M	747.00M	784.10M	810.20M	808.30M	936.60M
Cost & Expenses	3.11B	3.16B	2.98B	2.53B	2.73B	2.84B	2.60B	2.43B	2.49B	2.83B	2.64B	2.81B
Interest Income	17.50M	3.60M	3.20M	4.30M	5.70M	3.70M	4.60M	3.00M	1.80M	2.00M	131.20M	205.40M
Interest Expense	163.20M	139.40M	133.50M	154.30M	157.80M	175.90M	234.60M	216.30M	212.60M	173.10M	0.00	0.00
Depreciation & Amortization	217.50M	217.20M	222.60M	218.60M	222.20M	218.50M	212.20M	240.80M	269.90M	248.50M	208.70M	228.90M
EBITDA	676.30M	620.20M	720.50M	489.70M	583.90M	734.50M	656.80M	554.70M	521.90M	586.70M	538.70M	469.80M
EBITDA Ratio	18.94%	17.64%	20.65%	17.60%	19.05%	21.26%	19.55%	20.31%	19.08%	15.36%	18.28%	16.07%
Operating Income	462.60M	384.00M	484.10M	211.10M	346.80M	496.80M	400.40M	298.80M	184.60M	-400.00K	330.00M	240.90M
Operating Income Ratio	12.96%	10.80%	13.93%	7.56%	11.23%	14.84%	13.16%	10.88%	6.72%	-0.01%	11.20%	8.24%
Total Other Income/Expenses	-177.30M	-126.20M	-134.40M	-140.10M	-148.00M	-193.30M	-293.40M	-212.30M	-142.90M	-124.60M	-125.30M	-331.10M
Income Before Tax	285.30M	257.80M	349.70M	71.00M	198.80M	303.50M	109.50M	92.90M	41.70M	-125.00M	175.00M	-90.20M
Income Before Tax Ratio	7.99%	7.25%	10.07%	2.54%	6.44%	9.07%	3.60%	3.38%	1.52%	-4.11%	5.94%	-3.09%
Income Tax Expense	28.30M	14.90M	18.40M	-19.30M	-495.90M	31.80M	-72.50M	21.10M	-9.20M	-51.90M	39.20M	74.30M
Net Income	232.90M	220.80M	297.10M	79.40M	690.10M	245.30M	151.30M	57.70M	24.90M	-142.10M	107.30M	-39.00M
Net Income Ratio	6.52%	6.21%	8.55%	2.84%	22.35%	7.33%	4.97%	2.10%	0.91%	-4.67%	3.64%	-1.33%
EPS	0.86	0.78	1.02	0.27	2.38	0.86	0.53	0.20	0.09	-0.50	98.68	-35.86
EPS Diluted	0.85	0.77	1.00	0.27	2.37	0.84	0.53	0.20	0.09	-0.50	98.68	-35.86
Weighted Avg Shares Out	271.88M	284.06M	291.62M	290.68M	290.06M	285.91M	283.97M	283.97M	283.97M	283.97M	1.09M	1.09M
Weighted Avg Shares Out (Dil)	275.65M	287.59M	297.29M	292.12M	291.63M	291.70M	283.97M	283.97M	283.97M	283.97M	1.09M	1.09M

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q1 2022 Results - Earnings Call Transcript

May 8, 2022seekingalpha.com

Gates Industrial Corporation plc (NYSE:GTES ) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET Company Participants Bill Waelke - Vice President of Investor Relations Ivo Jurek - Chief Executive Officer Brooks Mallard - Executive Vice President &...

Gates Industrial Corp.: Underappreciated Earnings Power

April 21, 2022seekingalpha.com

Gates Corporation has struggled under its debt load post-IPO, but a successful multi-year deleveraging means things are finally looking up. With multiple growth opportunities to tap into, particularly in electrification, Gates' long term growth trajectory is bright.

Gates Industrial Announces First-Quarter 2022 Earnings Release Date

April 14, 2022prnewswire.com

DENVER , April 14, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its first-quarter earnings release before the market opens on Wednesday, May 4, 2022. Management will host a webcast and conference call on the same day at...

Gates Industrial Stock Slips On Secondary Offering by Selling Stockholders

March 24, 2022benzinga.com

Gates Industrial Corp PLC (NYSE: GTES) announced a secondary offering of 5 million of Gates' ordinary shares, with certain selling stockholders affiliated with Blackstone Inc. Underwriter granted a 30-day option to purchase up to 750,000 additional ordinary shares. Gates is not.

New Strong Sell Stocks for February 9th

February 9, 2022zacks.com

BEP, GTES, and INCY have been added to the Zacks Rank #5 (Strong Sell) List on February 9, 2022

Analysts Cut Price Target For Gates Industrial Post Q4 Results

February 8, 2022benzinga.com

Analysts lowered the price target for Gates Industrial Corp PLC GTES post Q4 results. Morgan Stanley analyst Joshua Pokrzywinski lowered the price target to $17 (an upside of 12%) from $18 and maintained an Equal-Weight rating on the shares.

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q4 2021 Results - Earnings Call Transcript

February 7, 2022seekingalpha.com

Gates Industrial Corporation plc (GTES) CEO Ivo Jurek on Q4 2021 Results - Earnings Call Transcript

Gates Industrial (GTES) Q4 Earnings and Revenues Surpass Estimates

February 7, 2022zacks.com

Gates Industrial (GTES) delivered earnings and revenue surprises of 55% and 1.13%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Gates Industrial Q4 Top-Line Misses Street View; Guides FY22 EPS Below Consensus

February 7, 2022benzinga.com

Gates Industrial Corp PLC GTES reported fourth-quarter net sales growth of 2.7% year-over-year to $815.6 million and core revenue growth of 3.4%, missing the consensus of $821.59 million. Adjusted EPS improved to $0.31 from $0.20 in 4Q20, beating the consensus of $0.21.