NYSE$GTES
Gates Industrial Corporation plc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Gates Industrial's Q4 2019 financial performance was reported, revealing a decrease in net sales and net income compared to the prior-year period, while the company focused on execution amidst challenging market conditions.
Gates Industrial reported Q4 2019 net sales of $725.7 million, a decrease of 8.4% compared to the prior-year period. Net income attributable to shareholders was $19.4 million, or $0.07 per diluted share, compared to $75.6 million, or $0.26 per diluted share, in the prior-year period. Adjusted Net Income was $56.5 million, or $0.19 per diluted share.
- Net sales decreased by 8.4% year-over-year to $725.7 million, with a core revenue decline of 7.6%.
- Net income attributable to shareholders was $19.4 million, or $0.07 per diluted share.
- Adjusted Net Income reached $56.5 million, or $0.19 per diluted share.
- The company generated $179.1 million in free cash flow, representing a conversion rate of 317% of Adjusted Net Income.
Headline financials
Revenue & EPS history
Gates Industrial · Revenue · Quarterly
$726M
Revenue by segment
Gates Industrial · $936M total across 2 segments · Q2 2023
- Power Transmission$574M+5.7%61.3%
- Fluid Power$362M-0.4%38.7%
Forward guidance
The Company is introducing its full-year 2020 outlook, with core revenue expected to range from a decline of -1.0% to growth of 2.0%, and Adjusted EBITDA expected in the range of $610 million to $640 million. The Company expects total capital expenditures of approximately $100 million and Free Cash Flow Conversion to be greater than 80% of Adjusted Net Income.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
-0.2%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-0.1%
Avg return
30 days after
46%
16 / 35 earnings
Positive
+15.5%
Q2 2018
Best reaction
-19.3%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | +2.5% | +1.2% | |
| Q4 2025 | +3.8% | +3.1% | -14.2% | |
| Q3 2025 | -12.8% | -14.3% | -11.9% | |
| Q1 2025 | +5.2% | +11.2% | +17.6% | |
| Q4 2024 | +11.8% | +7.8% | -4.5% | |
| Q3 2024 | +6.0% | +7.5% | +21.4% | |
| Q2 2024 | +0.1% | -8.9% | +2.4% | |
| Q1 2024 | -6.6% | -6.5% | -1.1% | |
| Q4 2023 | -4.4% | -3.7% | +22.4% | |
| Q3 2023 | +1.3% | +1.1% | +13.2% | |
| Q2 2023 | -4.1% | -11.9% | -7.0% | |
| Q1 2023 | +3.8% | +1.5% | -8.3% | |
| Q4 2022 | +5.6% | +6.9% | +2.6% | |
| Q3 2022 | +2.3% | +1.6% | +5.9% | |
| Q2 2022 | -3.4% | -1.5% | -13.1% | |
| Q1 2022 | -0.9% | -7.8% | -2.6% | |
| Q4 2021 | +0.0% | -2.3% | +2.0% | |
| Q3 2021 | -6.4% | -5.4% | -10.1% | |
| Q2 2021 | -4.1% | -10.3% | -10.7% | |
| Q1 2021 | -0.6% | +1.6% | +3.4% | |
| Q3 2020 | +0.7% | +2.0% | +8.4% | |
| Q2 2020 | +8.6% | +8.1% | +4.0% | |
| Q1 2020 | +1.9% | +10.5% | +34.2% | |
| Q4 2019 | +7.7% | +1.3% | -22.6% | |
| Q3 2019 | +8.0% | +8.1% | +6.2% | |
| Q2 2019 | -19.3% | -19.1% | -2.8% | |
| Q1 2019 | -16.0% | -17.4% | -30.0% | |
| Q4 2016 | -1.5% | -0.2% | -3.3% | |
| Q4 2018 | +6.7% | +5.0% | +1.3% | |
| Q3 2017 | -7.1% | +0.3% | -4.7% | |
| Q3 2018 | -0.4% | -4.9% | -2.1% | |
| Q2 2018 | +15.5% | +15.6% | +17.1% | |
| Q1 2017 | -2.3% | -1.6% | -3.6% | |
| Q1 2018 | -3.4% | -3.5% | -4.4% | |
| Q4 2017 | -0.6% | +0.6% | -10.0% | |
| Q2 2017 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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