Gates Industrial Corporation plc (GTES) Reports In-Line Q4 EPS

Gates Industrial Corporation plc (NYSE: GTES) reported Q4 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter came in at $792.1 million versus the consensus estimate of $823.67 million.

2019 Outlook

The Company expects 2019 core revenue growth to be in a range of3.0% to 5.0%. Adjusted EBITDA is expected to be in the range of $775 million to $805 million, with capital expenditures expected to be approximately $150 million. Additionally, the Company expects free cash flow conversion to be greater than 80% and net leverage of less than 3.0 times Adjusted EBITDA.

For earnings history and earnings-related data on Gates Industrial Corporation plc (GTES) click here.

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