Gates Industrial Corporation plc (GTES) Tops Q2 EPS by 9c, Raises Outlook
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Gates Industrial Reports Record Second-Quarter 2018 Results, Raises Guidance
August 1, 2018 4:10 PM EDTDENVER, Aug. 1, 2018 /PRNewswire/ --
Second-Quarter 2018 Highlights
Net sales up 13.8% year-over-year to $875.1 million, a quarterly record. Net income attributable to shareholders of $85.6 million, or $0.29 per diluted share, compared to prior-year quarter net income attributable to shareholders of $0.5 million, or $0.00 per diluted share. Adjusted Net Income of $112.1 million, or $0.38 per diluted share. Record quarterly Adjusted EBITDA of $204.9 million and Adjusted EBITDA margin of... More