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.
Synopsis
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Gates Industrial: Maintaining Robust Margin With Plans For Market Extension