Gates Industrial Corporation PLC (N:GTES)
Business Focus: Industrial Parts & Components
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1144 Fifteenth Street DENVER CO 80202 |
| Tel: | N/A |
| Website: | https://investors.gates.com/overview/default.aspx |
| IR: | See website |
| Key People | ||
| Ivo Jurek Chief Executive Officer, Executive Director | L. Brooks Mallard Chief Financial Officer, Executive Vice President | Grant L. Gawronski Executive Vice President, Chief Commercial Officer |
| Cristin Cracraft Bracken Senior Vice President, Chief Legal Officer and Corporate Secretary | Thomas G. Pitstick Senior Vice President, Chief Strategy Officer | |
| Business Overview |
| Gates Industrial Corporation plc is a global manufacturer of engineered power transmission and fluid power solutions. The Company offers a portfolio of products to diverse replacement channel customers, and to original equipment (first-fit) manufacturers as specified components. Its segments include Power Transmission and Fluid Power. Its Power Transmission segment includes elastomer drive belts and related components used to transfer power in a range of applications. Its power transmission solutions transfer power, convey materials, and provide motion control. Its Fluid Power segment includes hoses, tubing and fittings designed to convey hydraulic fluid at high pressures in both mobile and stationary applications, and other high-pressure and fluid transfer hoses. Its products play various roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries, such as agriculture, construction, manufacturing and energy, and others. |
| Financial Overview |
| For the fiscal year ended 30 December 2023, Gates Industrial Corporation PLC revenues increased less than 1% to $3.57B. Net income before extraordinary items increased 6% to $233.5M. Revenues reflect Power Transmission segment increase of 1% to $2.19B, also reflect Fluid Power segment remaining flat at $1.38B. Net income benefited from Interest income on bank deposits increase from $3.6M to $17.5M (income). |
| Employees: | 14,700 as of Dec 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,303M as of Dec 30, 2023 |
| Annual revenue (TTM): | $3,570M as of Dec 30, 2023 |
| EBITDA (TTM): | $716.50M as of Dec 30, 2023 |
| Net annual income (TTM): | $233.50M as of Dec 30, 2023 |
| Free cash flow (TTM): | $409.60M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | $1,731M as of Dec 30, 2023 |
| Shares outstanding: | 264,271,455 as of Feb 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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