财务业绩 - 第三季度净销售额为8.307亿美元，同比下降4.8%，核心销售额下降3.8%[1][2] - 第三季度净收益为4760万美元，每股摊薄收益为0.18美元[5] - 第三季度调整后每股收益为0.33美元[5] - 第三季度营业利润率为6.6%[6] - 第三季度调整后EBITDA为1.825亿美元，利润率为22.0%[7][10] - 公司预计2024年全年调整后每股收益将增加[15] 分部业绩 - 动力传动业务第三季度销售额为5.134亿美元，同比下降4.3%，核心销售额下降3.3%[8][9] - 液压业务第三季度销售额为3.173亿美元，同比下降5.7%，核心销售额下降4.7%[11][12] - 公司第三季度总销售额为8.307亿美元，其中动力传动业务销售额为5.134亿美元，流体动力业务销售额为3.173亿美元[37] - 公司前三季度总销售额为25.788亿美元，其中动力传动业务销售额为15.881亿美元，流体动力业务销售额为9.907亿美元[39] 财务数据 - 2024年第三季度净销售额为8.307亿美元，同比下降4.8%[23] - 2024年前三季度净销售额为25.788亿美元，同比下降4.7%[23] - 2024年第三季度毛利率为40.4%，同比下降0.8个百分点[23] - 2024年前三季度毛利率为39.6%，与上年同期持平[23] - 2024年第三季度营业利润为1.132亿美元，同比下降10.0%[23] - 2024年前三季度营业利润为3.661亿美元，同比增加7.0%[23] - 2024年第三季度净利润为0.556亿美元，同比下降35.5%[23] - 2024年前三季度净利润为1.783亿美元，同比下降5.0%[23] - 2024年9月28日现金及现金等价物为5.744亿美元，较2023年12月30日下降20.3%[25] - 2024年9月28日总资产为71.215亿美元，较2023年12月30日下降1.8%[25] 其他财务指标 - 公司第三季度核心销售额(剔除汇率影响)为8.395亿美元，同比下降3.8%[38] - 公司前三季度核心销售额(剔除汇率影响)为26.035亿美元，同比下降3.8%[39] - 公司第三季度调整后净利润为8690万美元，同比下降9.4%[37] - 公司前三季度调整后净利润为2.742亿美元，同比增长1.4%[37] - 公司第三季度每股调整后收益为0.33美元，同比下降8.3%[37] - 公司前三季度每股调整后收益为1.03美元，同比增长6.2%[37] - 公司第三季度因俄罗斯子公司注销确认了1280万美元的损失[37] - 公司前三季度因偿还债务提前确认了1480万美元的损失[37]

DENVER, Oct. 30, 2024 /PRNewswire/ -- For the three months ended (USD in millions) September 28, 2024 September 30, 2023 % Change % Core Change Third-Quarter 2024 Financial Summary Third-quarter net sales of $830.7 million, down 4.8% compared to the prior-year period and representing a core sales decline of 3.8% year-over-year. Net income attributable to shareholders of $47.6 million, or $0.18 per diluted share. Adjusted Net Income per diluted share of $0.33. Net income from continuing operations of $55.2 m ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Gates Industrial (GTES) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octobe ...

DENVER, Oct. 8, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) will issue its thirdquarter earnings release before the market opens on Wednesday, October 30, 2024. Management will host a webcast and conference call on the same day at 11:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Third-Quarter 2 ...

Gates Industrial Corporation plc (GTES) is expanding its data center cooling solutions with the launch of the new Data Master Cooling Hose. This innovative product enhances performance and cleanliness in highperformance computing environments. Developed through Gates' Eco-Innovation process, this new fluid conveyance solution marks a deeper move into the fast-growing data center liquid cooling sector, driven by the increasing demands of compute-intensive technologies like Artificial Intelligence. This innov ...

Expanding its cutting-edge portfolio of data center cooling solutions, the Data Master™ Cooling Hose provides flexibility, performance, and cleanliness designed for high-performance computing environments DENVER, Sept. 10, 2024 /PRNewswire/ -- Gates (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, is continuing to drive innovation for the data center cooling market with the upcoming launch of the Data Master™ Data Center Cooling Hose. This fl ...

Olivier Le Moal/iStock via Getty Images Intro We initially upgraded Gates Industrial Corporation plc (NYSE:GTES) to a 'Buy' rating in May of last year where we have seen shares return just under 18% over the elapsed timeframe. Due to improving profitability trends, we reiterated our 'Buy' rating in March of this year. However, the performance of shares of Gates Industrial Corporation plc has been poor over the past 5+ months (negative 8% return) which means the stock has continued to underperform the S&P fo ...

Sixth Annual Report Highlights Continued Progress in Four Pillars of Sustainability Strategy: Governance, Technology, Environment, and Stewardship DENVER, Sept. 6, 2024 /PRNewswire/ -- Gates (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, has published its annual Sustainability Report for 2023. The report highlights progress on the four pillars within the company's "GTES" Framework for sustainability strategy: Governance, Technology, Environ ...

财务数据和关键指标变化 - 第二季度收入为8.86亿美元,同比下降4%,主要受工业终端市场需求下降影响 [11][14] - 调整后EBITDA为2.02亿美元,利润率22.8%,同比增加170个基点,毛利率提升270个基点 [14] - 调整后每股收益为0.36美元,同比增长6%,主要受营业收入增加和股本减少影响 [15] 各条业务线数据和关键指标变化 - 动力传动业务收入5.42亿美元,同比下降3.5%,其中工业替换件收入小幅增长,汽车替换件收入基本持平,工业首装件收入下降双位数 [16][17] - 液压业务收入3.44亿美元,同比下降5%,工业首装件收入下降中单位数,工业替换件收入下降同步 [18] 各个市场数据和关键指标变化 - 北美地区收入下降约4%,工业渠道收入下降高单位数,主要受工业首装件需求下降影响 [20] - 欧洲地区收入下降约7%,工业市场需求疲软拖累了该地区的收入表现 [21] - 中国地区收入小幅下降,汽车首装件收入下降,工业替换件收入小幅增长 [22] - 南美地区收入小幅下降,工业首装件市场大幅下滑被替换件渠道增长所抵消 [22] - 东亚地区收入小幅增长,汽车增长抵消了工业市场的整体下滑 [22] 公司战略和发展方向及行业竞争 - 公司正在加快执行之前提出的优化生产布局计划,预计到2026年可实现约4000万美元的年度成本节约 [33] - 公司正在加大在数据中心冷却解决方案等新兴市场的投入,并与多家服务器和芯片制造商进行合作 [87][88][89] - 公司在个人出行设备领域的业务正在逐步恢复,预计从2025年开始将重拾增长 [90][91][92][93] 管理层对经营环境和未来前景的评论 - 管理层认为工业首装件需求,尤其是农业和建筑领域,在第二季度出现了超预期的下滑 [38][39] - 管理层预计下半年工业首装件需求不会出现明显好转,因此下调了全年收入和利润指引 [25][26][27] - 管理层对公司内部的成本优化和新业务拓展计划充满信心,认为这将为公司未来的盈利能力提供有力支撑 [30][31][32][46] 其他重要信息 - 公司在第二季度完成了债务再融资,将最早到期日延长至2029年,并获得了新的2.5亿美元股票回购授权 [13][34][35] - 公司在第二季度的自由现金流转换率为70%,全年目标为90% [23][76] 问答环节重要的提问和回答 问题1 **Mike Halloran 提问** 询问公司对各终端市场需求的判断和预期 [37][38][39][40][41][42] **Ivo Jurek 回答** 公司认为农业和建筑等工业首装件市场在第二季度出现超预期下滑,而汽车OEM生产也有所放缓,预计下半年这些市场需求不会出现明显好转 [38][39][40][41] 问题2 **Jeff Hammond 提问** 询问公司在动力传动和液压业务获得的新客户订单情况 [48][49][50][51] **Ivo Jurek 回答** 公司在动力传动业务获得了一个新的大客户订单,预计从2025年开始将为公司贡献1-1.5个百分点的收入;在液压业务则是扩大了与现有大客户的合作 [49][50][51] 问题3 **Nigel Coe 提问** 询问公司下调全年指引的主要原因 [57][58][59][60][61] **Ivo Jurek 回答** 主要是由于农业等工业首装件市场需求下滑超出预期,以及汽车OEM生产在7月有所延长,公司据此下调了全年收入和利润指引 [58][59][60][61]

Ahead of this earnings release, the estimate revisions trend for Gates Industrial: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This engineering, construction and operations company is ...