Welcome to our dedicated page for Gates Industrial news (Ticker: GTES), a resource for investors and traders seeking the latest updates and insights on Gates Industrial stock.
Gates Industrial Corporation PLC (NYSE: GTES) provides engineered power transmission and fluid power solutions to critical industries worldwide. This news hub offers investors and industry professionals direct access to official corporate announcements and market-relevant developments.
Track comprehensive updates including quarterly earnings, product innovations, strategic partnerships, and operational milestones. Our curated collection ensures timely access to filings, press releases, and material events affecting this industrial manufacturing leader.
Key coverage areas include advancements in hydraulic systems, belt technology improvements, global expansion initiatives, and sustainability efforts. Regular updates reflect GTES's role in automotive, construction, and energy sectors where component reliability is paramount.
Bookmark this page for streamlined monitoring of Gates Industrial's business trajectory. Combine historical context with real-time updates to inform your analysis of this NYSE-listed industrial solutions provider.
Gates (NYSE: GTES) announced the launch of new thermoplastic polyurethane (TPU) belts, the Gates Parabolic Pitch (GPP), available in 8mm and 14mm profiles. These belts provide superior strength, durability, and quieter operation compared to rubber belts and steel cables, with some variants lasting up to five times longer. The GPP 14-RSL boasts the highest break strength in its category. Designed for various industrial applications, GPP belts enhance Gates' existing TPU product range and are currently available in North America and EMEA regions.
Gates Industrial Corporation plc (NYSE:GTES) will participate in the 2021 UBS Global Industrials and Transportation Virtual Conference on June 8, 2021. CEO Ivo Jurek is set to present at 4:00 p.m. Eastern time. The event will be available via a webcast on the company's investor relations website. Gates specializes in power transmission and fluid power solutions, serving various industries from agriculture to consumer markets in 128 countries.
Gates Industrial Corporation plc (NYSE:GTES) will participate in the virtual 2021 KeyBanc Industrials & Basic Materials Conference on June 3, 2021. Gates is a global leader in manufacturing innovative power transmission and fluid power solutions, serving a diverse range of industries, from agriculture and construction to consumer applications like printers and vacuum cleaners. Their products are available in 128 countries, showcasing their extensive market reach across the Americas, Europe, Greater China, and East Asia & India.
Gates Industrial Corporation plc (NYSE: GTES) announced its participation in the virtual 2021 Wolfe Research Global Transportation & Industrials Conference on May 27, 2021. CEO Ivo Jurek will present at 9:40 a.m. Eastern time. Interested parties can access the webcast by visiting the Events & Presentations section of Gates' Investor Relations website.
Gates is known for its engineered power transmission and fluid power solutions, serving diverse industries globally.
In Q1 2021, Gates Industrial (GTES) reported a 24.1% increase in net sales to $881.3 million, with core revenue growth of 21.0%. Net income attributable to shareholders rose 89.0% to $67.3 million, or $0.23 per diluted share. Adjusted EBITDA reached $196.3 million, a 62.5% increase, with a margin of 22.3%, reflecting an expansion of 530 basis points. The company has raised its 2021 outlook for core revenue growth to 19.5% and adjusted EBITDA margin to 22.0%-22.8%. Strength was noted across multiple end markets, though challenges remain in raw material and labor availability.
Gates Industrial Corporation plc (NYSE: GTES) announced its participation in the virtual 2021 Goldman Sachs Industrials & Materials Conference on May 11, 2021. CEO Ivo Jurek will present at 2:40 p.m. Eastern time. Investors can access the webcast of this presentation via the Gates Investor Relations website.
Gates is a global leader in power transmission and fluid power solutions, serving diverse sectors from agriculture to consumer applications. Its products are available in 128 countries across regions including the Americas, Europe, and Asia.
Gates (NYSE: GTES) has launched the MEGASys™ MXT™ with XtraTuff™ Plus cover (MXT-XTP), a new hydraulic hose featuring advanced wire-braid technology. The MXT-XTP hose is lightweight and up to 49% more flexible than conventional hoses, enhancing installation efficiency. It boasts 25 times greater abrasion resistance and improved ozone resistance, validated through extensive testing. This versatile hose meets international performance standards and is suitable for varied applications across multiple industries, simplifying inventory for customers.
Gates Industrial Corporation plc (NYSE:GTES) will release its first-quarter earnings on May 10, 2021, prior to market opening. Management will discuss the financial results during a conference call at 10:00 a.m. Eastern time. Investors can participate via phone at (844) 867-2998 (domestic) or +1 (647) 689-4555 (international), or join a live webcast on Gates' website. An audio replay will be available from 1:00 p.m. Eastern time on the same day until May 17, 2021.
Gates Industrial Corporation plc (NYSE:GTES) has issued an update regarding its performance expectations for the first quarter ending April 3, 2021, amidst concerns over supply chain disruptions. The company anticipates a substantial revenue increase of 21.5% to 22.5% year-over-year, surpassing previous guidance of 14.1% to 18.3%. Additionally, the expected Adjusted EBITDA margin is projected to be between 21.5% and 22.0%, indicating strong operational performance. A more comprehensive update will be provided during the earnings release in early May.
