GTES News and Press, Gates Industrial Corporation plc From 06/21/23

Gates Releases 2022 Corporate Sustainability Report PR Newswire Fifth Annual Report Highlights Continued Progress DENVER , June 21, 2023 /PRNewswire/ -- Gates (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmiss...

2023-06-20 10:18:18 ET Gates Industrial ( NYSE: GTES ) on Tuesday was downgraded to Neutral from a prior investment rating of Buy by analysts at Goldman Sachs. They said the maker of power-transmission belts and industrial tubing faces slowing demand among its industrial customers. ...

2023-06-19 15:00:00 ET Amidst the recent outperformance of megacap tech and other AI beneficiaries, Goldman Sachs has raised its S&P 500 year-end price target to 4,500 from 4,000, suggesting a potential upside of 2% from the current level of 4,400. For bulls that believe the rest of...

2023-05-18 09:18:36 ET Gates Industrial ( NYSE: GTES ) has announced the pricing of the previously announced secondary offering of 22.5M ordinary shares by certain selling stockholders affiliated with Blackstone ( NYSE: BX ) at $11.75 per share. Underwriters have a...

GATES Announces PRICING OF Secondary Offering of 22,500,000 Ordinary Shares PR Newswire DENVER , May 17, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today the pricing of the previously announced secondary...

2023-05-16 17:24:19 ET Gates Industrial ( NYSE: GTES ) on Tuesday announced a secondary offering of up to 22.5M ordinary shares by certain selling stockholders associated with Blackstone ( BX ). GTES stock was down 3.2% to $12.90 after hours. The company said ...

GATES ANNOUNCES SECONDARY OFFERING OF 22,500,000 ORDINARY SHARES PR Newswire DENVER , May 16, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today that certain selling stockholders affiliated with Blackstone...

2023-05-09 21:06:53 ET Summary Despite the cybersecurity incident in early February of this year, there were many encouraging trends in Q1. Both segments reported core growth and margins increased to the upside. The balance sheet continues to get stronger due to sustained cash...

2023-05-04 18:56:09 ET Gates Industrial Corporation plc (GTES) Q1 2023 Earnings Conference Call May 04, 2023, 11:30 AM ET Company Participants Rich Kwas - Vice President, Investor Relations Ivo Jurek - Chief Executive Officer Brooks Mallard - Executive Vice Presi...

2023-05-04 08:22:41 ET Gates Industrial press release ( NYSE: GTES ): Q1 Non-GAAP EPS of $0.25 misses by $0.01 . Revenue of $897.7M (+0.5% Y/Y) misses by $7.19M . Adjusted EBITDA of $174.5 million and Adjusted EBITDA margin of 19.4%. Maintaining 2023 full-y...