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

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Gates Industrial Reports Fourth-Quarter & Full-Year 2018 Results

February 12, 2019 4:10 PM EST

DENVER, Feb. 12, 2019 /PRNewswire/ --

Fourth-Quarter 2018 Highlights

Fourth-quarter net sales of $792.1 million, representing 1.3% total revenue growth and 3.5% core revenue growth compared to the prior-year fourth quarter. Net income attributable to shareholders of $75.6 million, or $0.26 per diluted share, compared to prior-year quarter net income attributable to shareholders of $118.8 million, or $0.46 per diluted share. Adjusted Net Income of $104.9 million, or $0.36 per diluted share.... More