Gates Industrial Reports Fourth-Quarter and Full-Year 2020 Results
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Gates Industrial Corporation plc (GTES) Tops Q4 EPS by 1c, Revenues Beat
February 8, 2021 8:03 AM ESTGates Industrial Corporation plc (NYSE: GTES) reported Q4 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $794.2 million versus the consensus estimate of $725.94 million.
Fourth-Quarter 2020 Highlights
Net sales up 9.4%, including core revenue growth of 8.6%, compared to the prior-year period.
Net income attributable to shareholders of $24.3 million, or $0.08 per diluted share.
Adjusted Net Income of $57.7 million, or $0.20 per diluted share.
Adjusted EBITDA margin of 20.5%, representing year-over-year expansion of 190 basis points.
Net cash provided by operations of $181.5 million.... More
