Stock Data
$0.01 (0.04%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
SPECIALTY INDUSTRIAL MACHINERY
Gates Industrial Corporation plc is a global leader in engineering and manufacturing power transmission and fluid power solutions. With a rich history dating back to 1911 and headquartered in Denver, Colorado, Gates serves a wide range of markets including construction, agriculture, commercial vehicles, and more. The company produces high-quality belts, hoses, and other components essential for machinery and vehicles. Known for innovation and reliability, Gates products are vital in both original equipment manufacturing and aftermarket replacements, all under the trusted Gates brand.
Gates Industrial beat both earnings and revenue while raising full-year guidance on record sales and accelerating industrial demand. The power transmission segment drove growth with 7% revenue gains as management now expects adjusted EPS of $1.62 to $1.70, up from prior guidance of $1.52 to $1.68.
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