Gates Industrial Corp ( (GTES) ) has released its Q1 earnings. Here is a breakdown of the information Gates Industrial Corp presented to its investors.
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Gates Industrial Corporation plc is a global manufacturer specializing in power transmission and fluid power solutions, catering to a wide array of industrial and consumer markets. The company operates in over 130 countries, offering products essential for various applications, from agriculture to everyday consumer goods.
In its first-quarter 2025 earnings report, Gates Industrial reported net sales of $847.6 million, a slight decrease of 1.7% from the previous year. Despite this, the company achieved a core revenue growth of 1.4%, with net income attributable to shareholders reaching $62.0 million, translating to $0.24 per diluted share.
Key financial highlights include an adjusted EBITDA of $187.3 million, representing a margin of 22.1%. The Power Transmission segment saw a minor decline in net sales by 1.1%, while the Fluid Power segment experienced a 2.9% drop. However, Gates Industrial maintained its full-year guidance, anticipating core sales growth between -0.5% and 3.5% and adjusted EBITDA ranging from $735 million to $795 million.
Looking ahead, Gates Industrial remains optimistic despite a challenging business environment. The company’s CEO, Ivo Jurek, emphasized confidence in their competitive position and manufacturing strategy, which focuses on regional production advantages. Gates Industrial continues to expand its product portfolio and market presence, aiming to deliver differentiated services to its customers.