Gates Industrial Corp is a global leader in the development and manufacturing of innovative power transmission and fluid transfer solutions
The company specializes in producing belts, hoses, and other related products that serve a diverse range of industries, including automotive, industrial, and consumer markets. Gates focuses on providing high-quality, reliable products designed to improve efficiency and performance in various applications. With a strong emphasis on engineering and technology, the company continuously invests in research and development to deliver cutting-edge solutions that meet the evolving needs of its customers.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems confused about where we could go next.
This uncertainty has led to a flat return for the industry over the past six months while the S&P 500 was up 6.4%.
Gates Industrial reported a 4% year-over-year (YoY) decline in net sales to $829.4 million compared to a Wall Street estimate of $827.43 million. The decline was primarily due to lower volume.
Power transmission and fluid power solutions provider Gates Corporation (NYSEGTES) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 3.9% year on year to $829.4 million. Its non-GAAP profit of $0.36 per share was 8.7% above analysts’ consensus estimates.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the engineered components and systems industry, including ESCO (NYSEESE) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Enpro (NYSENPO) and the best and worst performers in the engineered components and systems industry.
Over the past six months, Gates Industrial Corporation has been a great trade, beating the S&P 500 by 25.5%. Its stock price has climbed to $20.57, representing a healthy 33% increase. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how engineered components and systems stocks fared in Q3, starting with Applied Industrial (NYSEAIT).
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the engineered components and systems industry, including Gates Industrial Corporation (NYSEGTES) and its peers.
Let’s dig into the relative performance of Worthington (NYSEWOR) and its peers as we unravel the now-completed Q3 engineered components and systems earnings season.
Industrial fluid and energy systems manufacturer Graham Corporation (NYSEGHM)
will be reporting results tomorrow morning. Here’s what investors should know.
Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSEMEC)
will be reporting earnings tomorrow after the bell. Here’s what to expect.
