Announcement • Jul 07
Gates Industrial Corporation plc to Report Q2, 2026 Results on Jul 31, 2026 Gates Industrial Corporation plc announced that they will report Q2, 2026 results Pre-Market on Jul 31, 2026 Buy Or Sell Opportunity • Jun 30
Now 22% undervalued Over the last 90 days, the stock has risen 26% to €24.40. The fair value is estimated to be €31.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 9.3% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Announcement • Jun 24
Gates Industrial Corporation plc Expands Belt Drive Product Portfolio with Three New Sprocket Families Gates Industrial Corporation Plc has expanded its Belt Drive product portfolio with three new sprocket families: CRUISE, CRUISE PLUS and COMMUTE. The new sprocket families enable Gates to extend those same benefits to a significantly broader market and open belt drive technology to segments still served by chain-based drivetrains. Paired with an industry-leading portfolio of belt drive system components, the expanded sprocket offering gives original equipment manufacturer (OEM) partners a scalable path to specify belt drive systems across a wider range of applications, rider expectations and price points. The three new overmolded, high-performance thermoplastic sprocket families address distinct OEM specification needs across price targets, rider use cases and performance requirements: CRUISE provides a cost-efficient entry point into belt drive systems, helping OEMs offer clean, quiet and low-maintenance drivetrains in entry-level and value-oriented bicycles. CRUISE PLUS builds on that foundation with enhanced durability, longer service life and broader compatibility, bridging the gap between entry-level bikes and more demanding everyday applications, including mid-range eBikes. COMMUTE is engineered specifically for urban eBike performance, supporting mid-motor systems up to 75 Nm and prioritizing durability, weather resistance and low maintenance for daily mobility. Each sprocket family is designed for a defined use case, duty cycle and OEM price target, giving OEMs the flexibility to include belt drives across their broader product line. Gates supports OEMs from initial drivetrain specification through integration and production, providing the engineering resources and technical support needed to bring belt drive solutions to market efficiently and at scale. Gates Belt Drive's expanded portfolio is now available globally. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Joseph Cantie was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
Gates Industrial Corporation plc, Annual General Meeting, Jun 04, 2026 Gates Industrial Corporation plc, Annual General Meeting, Jun 04, 2026. Announcement • Apr 10
Gates Industrial Corporation plc to Report Q1, 2026 Results on May 01, 2026 Gates Industrial Corporation plc announced that they will report Q1, 2026 results Pre-Market on May 01, 2026 Announcement • Feb 12
Gates Industrial Corporation plc Provides Earnings Guidance for the Year 2026 Gates Industrial Corporation plc provided earnings guidance for the year 2026. The Company is introducing full year financial guidance for 2026. Specifically, the company anticipates the following: Core sales growth in the range of 1% to 4% year-over-year. Announcement • Jan 23
Gates Industrial Corporation plc to Report Q4, 2025 Results on Feb 12, 2026 Gates Industrial Corporation plc announced that they will report Q4, 2025 results Pre-Market on Feb 12, 2026 Announcement • Nov 12
Gates Strengthens Data Center Portfolio with Launch of Data Master™? Eco Gates Corporation has launched Data Master™? Eco. This next-generation liquid cooling solution is designed to support hyperscale data centers and high-performance computing (HPC) conditions to maximize uptime, reduce environmental impact and meet the complex AI-enabling, data center-centric operating environment requirements. Data Master Eco showcases Gates materials science and process engineering expertise to critical challenges in modern computing: balancing thermal performance, uptime, and environmental impact. Data Master Eco Highlights: The Data Master Eco redefines liquid cooling performance through sustainable, efficient manufacturing. Its halogen-free design offers a cleaner alternative that reduces environmental impact without compromising reliability or safety. Building on that foundation, Gates is streamlining its manufacturing process for Data Master Eco to cut energy use by approximately 75% compared with alternatives, eliminating natural gas, water, and steam traditionally used to cure and strengthen hose materials. The company's advanced curing method also reduces carbon emissions at the source and increases production efficiency. Data Master Eco expands the Gates Data Center Solutions portfolio, a complete ecosystem of Open Compute Project-aligned (OCP), liquid-cooling components engineered for AI and HPC environments. Building upon recent product innovations over the past year, Gates continues to steadily advance its overall portfolio in clean, direct-to-chip cooling solutions with flexible hoses, efficient quick-connect couplings, and ultra-compact pumps that optimize thermal performance and reliability. With the addition of Data Master Eco, Gates adds to its scalable, energy-efficient cooling solutions portfolio to help customers meet both sustainability and performance goals, reinforcing the company's continued investment in technologies to support global digital infrastructure growth. The Data Master Eco and Gates Data Center Solutions portfolio are now available worldwide. Announcement • Oct 30
Gates Industrial Corporation plc Updates Earnings Guidance for the Year 2025 Gates Industrial Corporation plc updated earnings guidance for the year 2025. The company trimmed core revenue growth midpoint to 1% and narrowed the range from 0.5% to 1.5% to reflect current macro conditions for the balance of the year. Announcement • Oct 29
Gates Industrial Corporation plc (NYSE:GTES) announces an Equity Buyback for $300 million worth of its shares. Gates Industrial Corporation plc (NYSE:GTES) announces a share repurchase program. Under the program, the company will repurchase up to $300 million worth of its shares. The plan will be valid till December 2026. Announcement • Oct 15
Gates Industrial Corporation plc to Report Q3, 2025 Results on Oct 29, 2025 Gates Industrial Corporation plc announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 29, 2025 Announcement • Jul 30
Gates Industrial Corporation plc Raises Earnings Guidance for the Full Year 2025 Gates Industrial Corporation plc raises earnings guidance for the full year 2025. For the period, the company expects core sales growth in the range of +0.5% to +2.5% year-over-year. Announcement • Jul 11
Gates Industrial Corporation plc to Report Q2, 2025 Results on Jul 30, 2025 Gates Industrial Corporation plc announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Announcement • Apr 19
Gates Industrial Corporation plc, Annual General Meeting, Jun 05, 2025 Gates Industrial Corporation plc, Annual General Meeting, Jun 05, 2025. Announcement • Apr 09
Gates Industrial Corporation plc to Report Q1, 2025 Results on Apr 30, 2025 Gates Industrial Corporation plc announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025 Announcement • Mar 28
Gates Expands Data Center Cooling Portfolio with Breakthrough Large-Diameter Hose Gates Industrial Corporation announced the launch of Data Master MegaFlex. This large-diameter cooling hose expands the company's data center product portfolio, joining the Data Master™? small-diameter hose, which launched in 2024. The Data Master MegaFlex unlocks new opportunities within data centers and will enable Gates to serve a broader set of customers in today's digital-first world. With the introduction of Data Master MegaFlex, Gates delivers a high-performance solution specifically created for high-flow supply of liquid cooling systems in data centers. Designed to handle the intense thermal loads of high-density server environments, this large-diameter hose is ideal for critical connections where efficient, large-volume coolant transfer is essential, such as those between cooling distribution units (CDUs) or rack manifolds. This material advantage supports system longevity and reduces the risk of performance degradation over time, an essential requirement of liquid-cooled data centers. The Data Master MegaF Flex reinforces the company's commitment to pioneering innovation in data center cooling, solidifying Gates role as a trusted partner for next-generation data center infrastructure. The Data MasterMegaFlex cooling hose will be available beginning April 2025. Announcement • Feb 06
Gates Industrial Corporation plc Provides Earnings Guidance for the Full Year 2025 Gates Industrial Corporation plc provided earnings guidance for the full year 2025. For the year, the company expected Core sales growth in the range from negative 0.5% to positive 3.5% year-over-year. Announcement • Jan 15
Gates Industrial Corporation plc to Report Q4, 2024 Results on Feb 06, 2025 Gates Industrial Corporation plc announced that they will report Q4, 2024 results Pre-Market on Feb 06, 2025 Announcement • Dec 26
Gates Industrial Corporation plc Announces Seth A. Meisel Intention to Resign from the Board of Directors, Effective as of December 31, 2024 On December 23, 2024, Mr. Seth A. Meisel notified Gates Industrial Corporation plc (the Company) of his intention to resign from the Company’s Board of Directors, effective as of December 31, 2024. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Announcement • Nov 02
Gates Industrial Corporation plc Updates Earnings Guidance for the Full Year 2024 Gates Industrial Corporation plc updated earnings guidance for the full year 2024. For the year, the company expects Core sales growth in the range of (~4%) to (~3%) against (4%) to (2%) forecasted earlier. Announcement • Nov 01
Gates Industrial Corporation plc has completed a Follow-on Equity Offering in the amount of $225.723346 million. Gates Industrial Corporation plc has completed a Follow-on Equity Offering in the amount of $225.723346 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,635,224
Price\Range: $19.4 Announcement • Oct 31
Gates Industrial Corporation plc has filed a Follow-on Equity Offering. Gates Industrial Corporation plc has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,635,224 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: US$0.18 (vs US$0.30 in 3Q 2023) Third quarter 2024 results: EPS: US$0.18 (down from US$0.30 in 3Q 2023). Revenue: US$830.7m (down 4.8% from 3Q 2023). Net income: US$47.7m (down 40% from 3Q 2023). Profit margin: 5.7% (down from 9.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Oct 09
Gates Industrial Corporation plc to Report Q3, 2024 Results on Oct 30, 2024 Gates Industrial Corporation plc announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 Announcement • Aug 22
Gates Industrial Corporation plc Appoints Thomas G. Pitstick as President, Americas On August 15, 2024, Thomas G. Pitstick, President APAC and Global Strategy and “named executive officer” of Gates Industrial Corporation plc (the Company), was appointed to serve as the Company’s President, Americas, effective August 16, 2024. In his new role, Mr. Pitstick will lead the Americas region and continue to lead the global mobility and data center business units. Other components of his previous duties will be assumed by existing positions within the organization. No changes to Mr. Pitstick’s compensation were made in connection with the change in his responsibilities. Announcement • Aug 17
Gates Industrial Corporation plc has completed a Follow-on Equity Offering. Gates Industrial Corporation plc has completed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000 Announcement • Aug 16
Gates Industrial Corporation plc has filed a Follow-on Equity Offering. Gates Industrial Corporation plc has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000 Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.27 (vs US$0.24 in 2Q 2023) Second quarter 2024 results: EPS: US$0.27 (up from US$0.24 in 2Q 2023). Revenue: US$885.5m (down 5.4% from 2Q 2023). Net income: US$71.0m (up 9.2% from 2Q 2023). Profit margin: 8.0% (up from 6.9% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Aug 01
Gates Industrial Corporation plc (NYSE:GTES) announces an Equity Buyback for $250 million worth of its shares. Gates Industrial Corporation plc (NYSE:GTES) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of its shares. The plan will be valid till December 2025. Announcement • Jul 31
Gates Industrial Corporation plc Updates Earnings Guidance for the Full Year 2024 Gates Industrial Corporation plc updated earnings guidance for the full year 2024. For the year, the company expects Core revenue growth in the range of (4%) to (2%) against (3%) to 1% forecasted earlier. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €16.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 8.1% over the past three years. Announcement • Jul 10
Gates Industrial Corporation plc to Report Q2, 2024 Results on Jul 31, 2024 Gates Industrial Corporation plc announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024 Announcement • Jun 18
Gates Industrial Corporation plc Announces Appointment of John Patouhas as Senior Vice President & Chief Accounting Officer Gates Industrial Corporation plc announced the appointment of John Patouhas as Senior Vice President & Chief Accounting Officer, effective, June 17, 2024. John will be responsible for the strategic direction of Gates' accounting function, including financial reporting, risk, controls, and compliance in accordance with applicable standards, laws and regulations. Most recently John served as Vice President, Chief Accounting Officer for automotive components manufacturer Tenneco. Previously, John held positions of increasing responsibility at companies including Federal Mogul, Altair Engineering, TRW, Hayes Lemmerz and Collins & Aikman, with John providing leadership in the establishment of a strong reporting and controls framework to manage risk and ensure compliant finance and accounting processes. John began his career in public accounting as an auditor with Deloitte, where his clients included General Motors and Detroit Diesel. After receiving his MBA, John worked in the energy industry with utility companies MCN and CMS Energy before embarking on a career in manufacturing. John brings to Gates a robust understanding of the financial systems, processes, and programs necessary to optimize the accounting function in a global manufacturing environment, as well as the organizational competencies to support above market growth and drive superior financial performance. John is a dual graduate of Wayne State University, where he received his MBA with a Finance concentration and BBA in Accounting. Announcement • May 17
Gates Industrial Corporation plc has completed a Follow-on Equity Offering. Gates Industrial Corporation plc has completed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,500,000 Announcement • May 16
Gates Industrial Corporation plc has filed a Follow-on Equity Offering. Gates Industrial Corporation plc has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,500,000 Announcement • May 03
Gates Industrial Corporation plc Updates Earnings Guidance for the Full Year 2024 Gates Industrial Corporation plc updated earnings guidance for the full year 2024. For the year, the company expects Core revenue growth in the range of (3%) to +1% against the same guidance provided previously. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.15 (vs US$0.094 in 1Q 2023) First quarter 2024 results: EPS: US$0.15 (up from US$0.094 in 1Q 2023). Revenue: US$862.6m (down 3.9% from 1Q 2023). Net income: US$40.1m (up 50% from 1Q 2023). Profit margin: 4.6% (up from 3.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Announcement • Apr 28
Gates Industrial Corporation plc, Annual General Meeting, Jun 20, 2024 Gates Industrial Corporation plc, Annual General Meeting, Jun 20, 2024, at 10:00 Mountain Daylight. Announcement • Apr 11
Gates Industrial Corporation plc to Report Q1, 2024 Results on May 01, 2024 Gates Industrial Corporation plc announced that they will report Q1, 2024 results Pre-Market on May 01, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €15.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 15% over the past three years. Recent Insider Transactions • Mar 04
Independent Director recently bought €671k worth of stock On the 28th of February, Wilson Neely bought around 50k shares on-market at roughly €13.43 per share. This transaction increased Wilson's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.3m more in shares than they have sold in the last 12 months. Announcement • Feb 21
Gates Industrial Corporation plc Introduces Clean Master™ Plus Pressure Wash Hose Gates Industrial Corporation plc announced the launch of the Clean Master Plus hose platform, the newest addition to Gates' industrial hose lineup, built for high pressure applications in demanding industrial environments. Clean Master Plus leverages innovation in advanced materials and wire reinforcement technology to operate at extremely high pressures of up to 6,000 psi, three times more than the average pressure washer hose. This next generation hose construction also stands out for being 22% lighter and 50% more flexible on average compared to existing 6,000 psi hoses, improving ergonomics and safety, reducing worker fatigue while also increasing productivity. Features and benefits of Clean Master Plus include: REACH compliant, ozone and abrasion resistant cover for lasting performance in tough environments; Smooth cover for exceptional maneuverability on rough surfaces; Higher operating temperature (up to 300ºF) compared to existing version; Flexible and lightweight construction for easy handling; Compact design reduces space requirements for storage; Compatible with Megacrimp™ couplings, stainless steel couplings, and Gates Crimpers. Clean Master Plus is a result of Gates' Eco-Innovation™ product development system. This process leverages the company's capabilities across materials science development, process engineering and product design to develop high-quality, high-performance products that exceed customer expectations, while also helping to reduce environmental impacts of the products through the life cycle, including how they are manufactured. Announcement • Feb 15
Gates Industrial Corporation plc has completed a Follow-on Equity Offering in the amount of $210.7875 million. Gates Industrial Corporation plc has completed a Follow-on Equity Offering in the amount of $210.7875 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,500,000
Price\Range: $12.045 Announcement • Feb 13
Gates Industrial Corporation plc has filed a Follow-on Equity Offering. Gates Industrial Corporation plc has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,500,000 Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: US$0.86 (vs US$0.78 in FY 2022) Full year 2023 results: EPS: US$0.86 (up from US$0.78 in FY 2022). Revenue: US$3.57b (flat on FY 2022). Net income: US$233.5m (up 5.6% from FY 2022). Profit margin: 6.5% (up from 6.2% in FY 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Feb 09
Gates Industrial Corporation plc (NYSE:GTES) announces an Equity Buyback for $100 million worth of its shares. Gates Industrial Corporation plc (NYSE:GTES) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its shares. The plan will be valid till October 6, 2024. Announcement • Feb 08
Gates Industrial Corporation plc Provides Earnings Guidance for the Full Year 2024 Gates Industrial Corporation plc provided earnings guidance for the full year 2024. For the year, the company expects Core revenue growth in the range of (3%) to +1% year-over-year. Announcement • Jan 11
Gates Industrial Corporation plc to Report Q4, 2023 Results on Feb 08, 2024 Gates Industrial Corporation plc announced that they will report Q4, 2023 results Pre-Market on Feb 08, 2024 Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: US$0.30 (vs US$0.18 in 3Q 2022) Third quarter 2023 results: EPS: US$0.30 (up from US$0.18 in 3Q 2022). Revenue: US$872.9m (up 1.4% from 3Q 2022). Net income: US$78.8m (up 52% from 3Q 2022). Profit margin: 9.0% (up from 6.0% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Oct 11
Gates Industrial Corporation plc to Report Q3, 2023 Results on Nov 03, 2023 Gates Industrial Corporation plc announced that they will report Q3, 2023 results Pre-Market on Nov 03, 2023 Announcement • Aug 11
Gates Industrial Corporation plc has completed a Follow-on Equity Offering in the amount of $176.25 million. Gates Industrial Corporation plc has completed a Follow-on Equity Offering in the amount of $176.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: $11.75
Discount Per Security: $0.18 Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.19 in 2Q 2022) Second quarter 2023 results: EPS: US$0.24 (up from US$0.19 in 2Q 2022). Revenue: US$936.3m (up 3.3% from 2Q 2022). Net income: US$65.0m (up 22% from 2Q 2022). Profit margin: 6.9% (up from 5.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Announcement • Aug 02
Gates Launches New G-Force Workhorse CVT Belt for Off-Road Vehicles Gates announced an expansion to its G-Force™? product portfolio. The G-Force WorkHorse CVT belt is specifically designed to keep UTVs and ATVs moving through tough jobs andrough terrain. Engineered from a patented, fiber-reinforced Ethylene Elastomer compound combined with aramid records, G-Force WorkHorse belts provide high operating performance and excellent heat resistance for better durability and load-carrying capability. Features include: Up to 2X increased belt life vs. the original Gates G-Force line; Excellent recovery from temperatures up to 175degC (338 degF) without glazing or hardening; "Drop-in" compatibility with most off-road vehicles for trail, mud, and sand riding without requiring specific belts for each type of terrain; Increased flexibility to reduce internal heat buildup. G-Force WorkHorse is available for a broad range of UTV & ATV models up to 800cc, such as the Polaris Ranger, Can-Am/BRP, Kawasaki Mule, and others. More vehicles will be added throughout 2023 to cover all major makes and models of UTVs, ATVs, and snowmobiles. With the launch of WorkHorse, Gates will also be gradually sunsetting the original G-Force and G-Force C12 product lines. Recent Insider Transactions • May 28
Insider recently bought €539k worth of stock On the 25th of May, Fredrik Eliasson bought around 50k shares on-market at roughly €10.79 per share. This transaction increased Fredrik Eliasson's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €572k more in shares than they have sold in the last 12 months. Announcement • May 20
Gates Industrial Corporation plc has completed a Follow-on Equity Offering in the amount of $264.375 million. Gates Industrial Corporation plc has completed a Follow-on Equity Offering in the amount of $264.375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,500,000
Price\Range: $11.75 Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.091 (vs US$0.11 in 1Q 2022) First quarter 2023 results: EPS: US$0.091 (down from US$0.11 in 1Q 2022). Revenue: US$897.7m (flat on 1Q 2022). Net income: US$26.7m (down 14% from 1Q 2022). Profit margin: 3.0% (down from 3.5% in 1Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Buying Opportunity • Mar 10
Now 21% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be €16.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 6.2%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings is also forecast to grow by 5.6% per annum over the same time period. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$0.78 (vs US$1.02 in FY 2021) Full year 2022 results: EPS: US$0.78 (down from US$1.02 in FY 2021). Revenue: US$3.55b (up 2.3% from FY 2021). Net income: US$221.2m (down 26% from FY 2021). Profit margin: 6.2% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Announcement • Feb 10
Gates Industrial Corporation plc Provides Revenue Guidance for Full-Year 2023 Gates Industrial Corporation plc provided revenue guidance for full-year 2023. In 2023, the company expects its core revenue to grow in a range of 1% to 5%. Buying Opportunity • Feb 10
Now 20% undervalued Over the last 90 days, the stock is up 2.6%. The fair value is estimated to be €14.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 8.6%. Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Seth Meisel was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 13
Gates Industrial Corporation plc to Report Q4, 2022 Results on Feb 09, 2023 Gates Industrial Corporation plc announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 09, 2023 Announcement • Jan 06
Gates Industrial Corporation plc Announces Board Changes On December 30, 2022, the Board of Directors (the “Board”) of Gates Industrial Corporation plc (the “Company”), upon the recommendation of the Nominating and Governance Committee of the Board, appointed Mr. Seth Meisel as a director of the Company, effective January 1, 2023. On December 29, 2022, Mr. Terry Klebe notified the Company of his intention to resign from the Company’s Board. This resignation was effective as of December 31, 2022. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Announcement • Nov 16
Gates Industrial Corporation plc Announces Resignation of Julia Kahr from Board of Directors Gates Industrial Corporation plc announced that Ms. Julia Kahr of her intention to resign from the Company’s Board of Directors. This resignation will be effective as of December 31, 2022. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: US$0.18 (vs US$0.24 in 3Q 2021) Third quarter 2022 results: EPS: US$0.18 (down from US$0.24 in 3Q 2021). Revenue: US$860.7m (flat on 3Q 2021). Net income: US$51.9m (down 26% from 3Q 2021). Profit margin: 6.0% (down from 8.2% in 3Q 2021). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Announcement • Nov 02
Gates Industrial Corporation plc Introduces the New Carbon Drive Moto X5™ Synchronous Drive Belt Gates Industrial Corporation plc introduced the new Carbon Drive Moto X5™ synchronous drive belt. Gates Carbon Drive has been the leading belt drive solution for two-wheelers, for over 40 years as a cleaner, quieter, smoother, and more durable alternative to chain drives. The innovative Moto X5 belt is a significant addition to the Gates Carbon Drive portfolio as it offers the same core belt drive benefits but with even quieter performance than its predecessors. Gates achieved this breakthrough in belt technology through the combination of a high-stiffness, long-lasting synthetic compound with Gates long-proven carbon-fiber cord reinforcement. The combination not only provides durability and strength, it also results in the quietest Carbon Drive belt yet. Independent lab testing by AVL combined with Gates internal testing shows Moto X5 to be up to 15 decibels quieter than chain over a range of vehicle speeds. Additionally, throughout the life of the vehicle and under normal operating and maintenance conditions, Moto X5 is more energy efficient than chain, which can lead to improved vehicle range, a critical factor on electric vehicle applications. The Gates Carbon Drive Moto X5 product line is designed specifically for mid-motor, sit-down electric scooters and motorcycles typically found in commuting applications in the rapidly evolving Asian market. According to the International Energy Agency (IEA), new registrations of electric two and three-wheelers reached over 10M units in 2021, with the majority coming from China, India, and Vietnam. Motorcycle and scooter OEMs interested in learning more about this new belt will be able to see it firsthand at the China International Motorcycle show in Chongqing November 3-5 and the following week at EICMA in Milan, November 8-13. 
