GTES - Gates Industrial Non-GAAP EPS of $0.31 beats by $0.11 revenue of $815.6M in-line

Gates Industrial press release (NYSE:GTES): Q4 Non-GAAP EPS of $0.31 beats by $0.11. Revenue of $815.6M (+2.7% Y/Y) in-line. The company is introducing its FY2022 outlook, with core revenue expected to grow in the range of 5% to 9% vs. consensus growth of 6.4%; Adjusted EBITDA expected in the range of $755M to $805M; adjusted EPS to be between $1.20 to $1.30 vs. consensus of $1.42. The company expects total capital expenditures in the range of $100M to $12M and Free Cash Flow Conversion to be greater than 90% of Adjusted net income.

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Gates Industrial Non-GAAP EPS of $0.31 beats by $0.11, revenue of $815.6M in-line