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Latest GTES News From Around the Web
Below are the latest news stories about Gates Industrial Corp plc that investors may wish to consider to help them evaluate GTES as an investment opportunity.
Gates Industrial, which manufactures engineered power transmission and fluid power solutions, expects revenues in the third quarter to decline at a slower pace than previously guided, as a result of an improvement in orders. Shares of the company rose 1.5% on Monday.Gates (GTES) now expects 3Q core revenues to drop between 5% to 7% year-over-year. Last month, the company had forecast 3Q sales to fall between 10% to 15%. In addition, Gates anticipates "decremental adjusted EBITDA margins" of approximately 30% for the second half of 2020 versus the previous estimate of approximately 35%."We are seeing broad-based continued improvement across our end markets and regions, which has translated into higher orders and sales within the quarter," Gates CEO Ivo Jurek said.Gate...
Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced an improved financial outlook compared to the outlook provided on August 4, 2020.
Gates Industrial (GTES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Gates Industrial Corporation plc (GTES) Q2 2020 Earnings Conference Call August 4, 2020 17:00 ET Company Participants Bill Waelke - Investor Relations Ivo Jurek - Chief Executive Officer Brooks Mallard - Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Deane Dray - RBC Capital Markets Jeff Hammond -...
The following slide deck was published by Gates Industrial Corporation plc in conjunction with their 2020 Q2 earnings call....
Ladies and gentlemen, thank you for standing by, and welcome to the Gates Industrial Corporation Second Quarter 2020 Earnings Conference Call. Based on the incremental improvements in our end markets, as well as positively trending macro data, we believe the most significant impact to our business from COVID-19 is likely behind us.
Gates Industrial (GTES) delivered earnings and revenue surprises of 175.00% and 0.73%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Second-Quarter 2020 Highlights
Gates Industrial (GTES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gates (NYSE: GTES), a leading global provider of fluid power and power transmission solutions, recently added a universal mobile app to its ever-expanding, ever-improving range of hydraulics solutions. The eCrimpTM app builds on a previous North America-focused version, adding global capability, automatic updates and new functionality to assist fluid power customers across a wide variety of industries, applications and geographic regions.