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) has launched the Carbon Drive Moto X9™, a new synchronous drive belt optimized for motor-driven two-wheelers, including motorcycles and scooters. This innovative belt is designed to be lighter, quieter, and require minimal maintenance compared to traditional chain drives. The Moto X9 is strong and durable, offering OEMs options for more compact drivetrain designs while improving vehicle performance. Key features include a 9% narrower belt that can handle the same torque and up to 84% longer service life, enhancing customer satisfaction.
Gates Industrial Corporation (NYSE: GTES) announced its participation in the Evercore ISI Industrial Conference on March 2, 2021, at 3:20 p.m. Eastern Time. CEO Ivo Jurek will present during this virtual event. Gates, a global leader in power transmission and fluid power solutions, serves diverse industrial and consumer markets, operating in 128 countries. The company specializes in innovative products essential for various applications, including agriculture, manufacturing, and everyday consumer goods. For more details, visit the company's Investor Relations site.
Gates Industrial Corporation plc (NYSE: GTES) has announced the pricing of a secondary offering of 22 million ordinary shares at $15.00 per share, facilitated by certain selling stockholders associated with Blackstone Group. The offering will close on March 2, 2021, pending customary conditions. Gates will not receive any proceeds from this sale. The underwriters, including Citigroup and Evercore ISI, have an option to buy an additional 3.3 million shares within 30 days. This offering is conducted under an effective shelf registration statement.
On February 23, 2021, Gates Industrial Corporation plc (NYSE: GTES) announced a secondary offering of 22,000,000 ordinary shares by certain stockholders affiliated with The Blackstone Group Inc. This offering includes a 30-day option for underwriters to purchase an additional 3,300,000 shares. Gates will not benefit financially as it is not offering any shares and will not receive proceeds from the sale. The offering is conducted under an effective shelf registration statement, with Citigroup and Evercore ISI as lead managers.
Gates Industrial Corporation plc (NYSE: GTES) announced its participation in Citi's 2021 Global Industrials Conference on February 18, 2021, at 11:20 a.m. Eastern time. CEO Ivo Jurek will present during the virtual event. Interested parties can access the live webcast via the Gates Investor Relations website. Gates is known for its innovative power transmission and fluid power solutions, serving diverse industries and markets worldwide.
Gates Industrial Corporation plc (NYSE: GTES) announced its participation in the Barclays Industrial Select Conference on February 17, 2021. CEO Ivo Jurek will present at 2:50 p.m. Eastern time. Investors can access the live webcast via the Gates Investor Relations website. Gates is a prominent manufacturer providing innovative power transmission and fluid power solutions across diverse industries. Its products serve various applications globally, from agriculture to everyday consumer needs, available in 128 countries.
Gates Industrial Corporation (NYSE: GTES) reported strong fourth-quarter 2020 results, with net sales of $794.2 million, a 9.4% increase year-over-year. Net income attributable to shareholders rose to $24.3 million, or $0.08 per diluted share. The adjusted EBITDA margin expanded by 190 basis points to 20.5%, reflecting effective cost management and productivity improvements. The company generated $181.5 million in cash from operations and repaid $300 million in long-term debt. For 2021, Gates expects core revenue growth between 9% and 14%, along with improved adjusted EBITDA margins.
Gates Industrial Corporation plc (GTES) plans to announce its fourth-quarter financial results on February 8, 2021, prior to market opening. Management will conduct a conference call at 10:00 am ET to discuss the results, accessible via their website or through a registered link. An audio replay will be available from 1:00 pm ET on the same day until February 15, 2021. Gates operates globally, providing engineered solutions in various sectors, including agriculture and manufacturing, with products sold in 128 countries.
On December 8, 2020, Gates (NYSE: GTES) launched its new PowerGrip™ GT™ Extend™ industrial synchronous belts, initially available in the Asia-Pacific region. These belts are engineered with advanced materials, offering a higher power-carrying capacity and wider temperature ranges compared to previous models. PowerGrip GT Extend is environmentally friendly, as it's free from chlorinated compounds and requires no maintenance, reducing total-cost-of-ownership. This launch reinforces Gates' commitment to providing high-quality industrial solutions, complementing its existing product lines.
Gates Industrial Corporation (NYSE:GTES) will join the 2020 Melius Research Industrial Tech & Aerospace Forum virtually on December 8, 2020. The company is known for its innovative power transmission and fluid power solutions, catering to diverse markets including agriculture, construction, and consumer applications. Gates operates in 128 countries, providing essential products across various industries. This participation is expected to highlight the company's advancements and market position in the industrial sector.
