财务业绩 - 第二季度净销售额为8.855亿美元，同比下降5.4%，核心销售额同比下降4.0%[2] - 净利润为7,070万美元，每股摊薄收益为0.26美元[7] - 调整后每股收益为0.36美元[7] - 净利润率为8.8%，同比增加120个基点[8] - 调整后EBITDA为2.022亿美元，利润率为22.8%，同比增加170个基点[9] - 公司净销售额为17.48亿美元，同比下降4.7%[36] - 毛利润为6.87亿美元，毛利率为39.3%[36] - 营业利润为2.53亿美元，同比增长16.9%[36] - 净利润为1.24亿美元，同比增长21.4%[36] - 每股基本收益为0.42美元，每股摊薄收益为0.41美元[37][38] - 公司调整后EBITDA为2.022亿美元，同比增长2.5%[49] - 公司调整后EBITDA利润率为22.8%，同比提升1.7个百分点[49] - 公司调整后净收益为0.955亿美元，同比持平[51] - 公司调整后每股收益为0.36美元，同比增长5.9%[52] 业务表现 - 动力传动业务销售额下降5.6%，调整后EBITDA增长4.0%[10][15] - 液压业务销售额下降5.2%，调整后EBITDA基本持平[17][22] - 公司动力传动业务核心销售额下降3.5%[55] - 公司流体动力业务核心销售额下降4.9%[55] - 公司动力传动业务六个月核心销售额下降2.6%[57] - 公司流体动力业务六个月核心销售额下降5.7%[58] 现金流与资产 - 现金及现金等价物余额为5.80亿美元[40] - 总资产为70.35亿美元，较上年末减少3.0%[40] - 经营活动产生的现金流量净额为0.73亿美元[42] - 自由现金流量为3.50亿美元，自由现金流量转换率为282.9%[46] 其他 - 公司宣布启动2.5亿美元的股票回购计划[25] - 公司调整2024年全年指引，下调核心销售增长、调整后EBITDA和调整后每股收益的预期[29] - 公司将继续监测客户破产情况并评估应收账款回收风险[50,53]

DENVER, July 17, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) today announced that it has changed the time of its second-quarter 2024 webcast and conference call from 10 a.m. Eastern time to 9 a.m. Eastern time on Wednesday, July 31, 2024. The access information has not changed and is as follows: An audio replay of the conference call will be available from approximately 1:00 p.m. Eastern time on July 31, 2024, until 11:59 p.m. Eastern time on August 7, 2024, and can be accessed domesti ...

About Gates Industrial Corporation plc Gates Industrial Corporation plc is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment ("first-fit") manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end ...

With a major focus on developing the country's roads, bridges and more, the construction companies are benefiting from the U.S. administration's massive infrastructure plan to build modern, sustainable infrastructure and a clean future. Moreover, the increased demand from telecom customers for wireline networks, wireless/wireline converged networks and wireless networks using 5G technologies has been benefiting construction-related companies. Within the Zacks Engineering - R and D Services industry, compani ...

"John brings significant manufacturing finance leadership experience to Gates and we look forward to the benefit of his background and expertise in ensuring a robust accounting and controls function as we continue to grow our business globally," stated EVP/CFO Brooks Mallard, adding "we are delighted John has chosen to join Gates." 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 ...

Dmytro Varavin Gates Industrial Corporation plc (NYSE:GTES) focuses on highly engineered power transmission and fluid power solutions, serving customers across 130 countries. Over the past few years, its revenue growth rate has been decelerating. Despite flattish revenue growth, margins have been improving all along. They have also been capturing opportunities into data centre cooling, which allows them to leverage their technical expertise to provide solutions for growing demand in data centres. With the r ...

This press release is being issued pursuant to Rule 135c under the Securities Act, and it is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. DENVER, May 22, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates") announced today that its indirect subsidiary, Gates Corporation (t ...

This press release is being issued pursuant to Rule 135c under the Securities Act, and it is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. About Gates: Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of p ...

DENVER, May 15, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today that certain selling stockholders affiliated with Blackstone Inc. (the "Selling Stockholders") have commenced a secondary offering of 17,500,000 of Gates' ordinary shares (the "Offering"). In connection with the Offering, the Selling Stockholders intend to grant to the underwriters a 30-day option to purchase up to 2,625,000 additional ordinary shares. Gates is not offering any ordina ...

财务数据和关键指标变化 - 第一季度总收入为8.63亿美元,同比下降3.6% [13] - 调整后EBITDA为1.96亿美元,利润率为22.7%,同比增长330个基点 [15] - 调整后每股收益为0.31美元 [15] - 营业收入同比增长超过30%,贡献了0.10美元的调整后每股收益 [15] 各条业务线数据和关键指标变化 - 动力传动业务收入为5.33亿美元,同比下降1.7% [16] - 其中替换市场收入增长约2%,汽车替换市场增长中个位数 [16] - 一级配套市场收入下降高个位数,工业一级配套下降双位数,汽车一级配套略有增长 [16] - 流体动力业务收入为3.30亿美元,同比下降约6% [19] - 工业一级配套下降双位数,主要受农业和建筑业疲软影响 [19] - 汽车替换市场增长中高个位数 [19] 各个市场数据和关键指标变化 - 北美地区核心收入下降3%,工业渠道下降高个位数,工业替换下降低个位数 [22] - 农业和个人出行是拖累因素,工业多元化相对稳定 [22] - 汽车市场增长中个位数,一级配套和替换均有增长 [22] - 欧洲地区核心收入下降8%,工业一级配套下降双位数,汽车替换略有增长 [24] - 中国核心收入略有增长,汽车替换市场增长高个位数,一级配套下降,工业略有增长 [25] - 东亚和南美地区核心收入略有下降,汽车表现优于工业 [25] 公司战略和发展方向及行业竞争 - 公司正在执行各种企业举措,特别是在材料成本降低和80/20方面取得进展 [10] - 公司看好数据中心市场的增长机会,未来3-4年将是一个重要的新兴增长领域 [70] - 公司在个人出行和汽车替换市场保持良好的增长势头,未来2-3年有望实现双位数增长 [73] - 公司整体保持谨慎乐观态度,认为市场环境正在稳定,但仍需观察一段时间以验证趋势 [130] 管理层对经营环境和未来前景的评论 - 公司第一季度表现出色,利润率大幅提升,体现了企业举措的成效 [10] - 3月订单情况有所改善,交货及时率和客户服务水平也在不断提升 [9] - 工业市场需求有所稳定,但农业和商业建筑仍然疲软,需要密切关注 [35][57] - 预计个人出行市场去库存过程将在第二季度结束,下半年需求将逐步恢复 [71] - 公司对2025年及以后的增长前景保持乐观,将继续执行既定的战略目标 [106] 问答环节重要的提问和回答 问题1 **Nigel Coe 提问** 询问公司下半年实现全年高端增长目标的路径,以及价格贡献的情况 [40][41] **Ivo Jurek 回答** 公司预计下半年汽车替换业务将保持良好表现,个人出行市场将逐步恢复,工业市场也将有所改善,但需要观察一段时间以验证趋势 [42][43] 问题2 **David Tarantino 提问** 询问公司利润率改善的具体来源,是否存在提前实现的情况 [48][49] **Brooks Mallard 回答** 利润率改善主要来自于产品组合改善、企业举措成效以及生产效率提升,尤其是材料成本降低方面 [49][50] 问题3 **Ivo Jurek 回答** 公司订单情况有所改善,3月订单饱和率高于全季度水平,反映市场需求正在趋于稳定 [51][52]