Gates Industrial Corporation plc (GTES) Reports In-Line Q1 EPS

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Gates Industrial Reports First-Quarter 2019 Results

May 7, 2019 4:11 PM EDT

DENVER, May 7, 2019 /PRNewswire/ --

First-Quarter 2019 Highlights

Net sales of $804.9 million compared to the prior-year period of $852.0 million. Net income attributable to shareholders of $613.7 million, or $2.08 per diluted share, compared to prior-year period of $24.2 million, or $0.09 per diluted share. Adjusted Net Income of $82.4 million, or $0.28 per diluted share. First-quarter Adjusted EBITDA of $165.5 million and Adjusted EBITDA margin of... More