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GTES - Gates Industrial: Maintaining Robust Margin With Plans For Market Extension
Gates Industrial Corporation plc
2024-06-09 12:38:46 ET
Summary
GTES focuses on power transmission and fluid power solutions, serving customers across 130 countries. Recently announced their entry into the data cooling centers to provide liquid cooling solutions.
GTES has exited FY23 on a high note with good momentum, driving further expansion in profitability margin for FY24 as they focus on material cost reduction and productivity enhancement.
Rising infrastructure build-outs outside of the U.S. present a substantial growth opportunity for GTES throughout the next few years.