GTES - Gates Industrial Non-GAAP EPS of $0.25 beats by $0.02 revenue of $893.3M beats by $44.17M

• Gates Industrial press release ( NYSE: GTES ): Q4 Non-GAAP EPS of $0.25 beats by $0.02 .
• Revenue of $893.3M (+9.5% Y/Y) beats by $44.17M .
• Shares +1.9% PM.
• In 2023, the Company expects its core revenue to grow in a range of 1% to 5%.
• Adjusted EBITDA is anticipated to be in a range of $700 million to $750 million. At the midpoint, the Company estimates Adjusted EBITDA to increase approximately 7%.
• Adjusted Earnings per Share is expected to be between $1.13 and $1.23.
• The Company anticipates capital expenditures to approximate $100 million and its Free Cash Flow conversion to measure approximately 100%.

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