Gates Industrial Corporation plc (NYSE: GTES) reported Q4 EPS of $0.31, $0.10 better than the analyst estimate of $0.21. Revenue for the quarter came in at $815.6 million versus the consensus estimate of $827.99 million.

GUIDANCE:

Gates Industrial Corporation plc sees FY2022 EPS of $1.20-$1.30, versus the consensus of $1.27.

• The Company is introducing its full-year 2022 outlook, with core revenue expected to grow in the range of 5% to 9%, and Adjusted EBITDA expected in the range of $755 million to $805 million. Additionally, the Company is introducing full-year guidance for Adjusted Earnings per Share, which it expects to be between $1.20 to $1.30, including tax and other headwinds of $0.27 per share at the midpoint of the range, primarily due to benefits from certain discrete tax items in 2021. The Company expects total capital expenditures in the range of $100 million to $120 million and Free Cash Flow Conversion to be greater than 90% of Adjusted Net Income.

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