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Gates Industrial Corp Plc (GTES)
NYSE:GTES
Earnings Data
Report Date
Aug 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.37Last Year’s EPS
0.36Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 22.08%
|Next Earnings Date:Aug 01, 2025
Earnings Call Sentiment|Neutral
The earnings call indicated that despite facing challenges such as a slight decline in total revenues and ongoing market softness in some segments, the company managed to exceed initial sales guidance and maintain a strong financial position. Adjusted EBITDA margins and gross margin expansions, along with strategic share repurchases and ongoing enterprise initiatives, positioned the company to effectively manage potential tariff impacts and market uncertainties.Company Guidance
During Gates Industrial Corporation's Q1 2025 earnings call, the company provided guidance indicating that they are maintaining their initial 2025 financial targets. They achieved core sales growth of 1.4% in the first quarter, with total sales of $848 million, despite a slight decline of just under 2% in total revenues due to unfavorable foreign currency effects. The company reported an adjusted EBITDA of $187 million, representing a margin rate of 22.1%. Their adjusted earnings per share increased by approximately 6% to $0.36. Gates is also focusing on mitigating a $50 million tariff impact through price actions and operational initiatives, aiming to fully offset this impact without affecting adjusted EBITDA for the full year. The company reiterated its full-year guidance for 2025, projecting core revenue changes between a decline of 0.5% and an increase of 3.5%, with adjusted EBITDA ranging from $735 million to $795 million and adjusted EPS from $1.36 to $1.52.Sales Outpace Initial Guidance
First quarter sales outpaced initial guidance with a core sales growth of 1.4%, driven by volume and price increases.
Automotive Replacement Growth
Replacement channel sales grew mid-single digits, with high-single-digit growth in automotive replacement.
Adjusted EBITDA Margin and Gross Margin
Adjusted EBITDA margin exceeded 22%, and gross margin expanded to 40.7%.
Personal Mobility Growth
Personal mobility segment grew by more than 30%.
Net Leverage Improvement
Net leverage finished at 2.3x at the quarter end, slightly decreased year-over-year.
Share Repurchase Activity
Repurchased $13 million of shares during the quarter with over $100 million remaining under existing authorization.
Power Transmission Segment Performance
Power Transmission segment revenues increased by approximately 2% on a core basis.
Strong Balance Sheet
The balance sheet is in solid shape, supporting future strategic investments.
GTES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GTES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $17.98 | $18.92 | +5.23% |
Feb 06, 2025 | $20.77 | $23.22 | +11.80% |
Oct 30, 2024 | $18.26 | $19.30 | +5.70% |
Jul 31, 2024 | $17.73 | $18.59 | +4.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Gates Industrial Corp Plc (GTES) report earnings?
Gates Industrial Corp Plc (GTES) is schdueled to report earning on Aug 01, 2025, TBA Not Confirmed.
What is Gates Industrial Corp Plc (GTES) earnings time?
Gates Industrial Corp Plc (GTES) earnings time is at Aug 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GTES EPS forecast?
GTES EPS forecast for the fiscal quarter 2025 (Q2) is 0.37.