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AI brief of an SEC Form 8-K · Gates (GTES)

Gates Industrial Q4 sales fall 3.9% to $829.4 million; gives 2025 guidance

Negative Impact 3 of 5 earnings Written later

Gates Industrial reported fourth-quarter 2024 net sales of $829.4 million, down 3.9% from the prior-year quarter, and net income attributable to shareholders of $36.6 million, or $0.14 per diluted share, versus $0.24 a year earlier. For the full year, net sales fell 4.5% to $3,408.2 million and GAAP diluted EPS was $0.74, down from $0.84, while adjusted EBITDA rose to $761.1 million. The company also introduced 2025 guidance, including adjusted EBITDA of $735 million to $795 million and adjusted EPS of $1.36 to $1.52.

Key points

  • Q4 2024 net sales were $829.4 million, down 3.9%, with core sales down 2.6%, led by soft demand in Agriculture and Construction.
  • Q4 2024 net income attributable to shareholders was $36.6 million, or $0.14 per diluted share, compared with $0.24 a year earlier; adjusted EPS was $0.36 versus $0.37.
  • Full-year 2024 adjusted EBITDA was $761.1 million, up from $747.0 million, and operating cash flow was $379.6 million.
  • 2025 guidance calls for adjusted EBITDA of $735 million to $795 million and adjusted EPS of $1.36 to $1.52.

The filing

CompanyGates (GTES)
Form8-K, current report
Filed with the SECFeb 6, 2025, 8:06 AM ET
Accession number0001718512-25-000009

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 06, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.