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Mar 29
Gates Industrial Q1 2025 Earnings Report
Reported results for the first quarter ended March 29, 2025
Key Takeaways
Gates Industrial reported a slight decrease in net sales for the first quarter of 2025 compared to the prior year, totaling $847.6 million. However, core revenue saw a positive growth of 1.4%. Net income attributable to shareholders was $62.0 million, and adjusted net income per diluted share was $0.36. The company reiterated its full-year 2025 guidance.
First-quarter net sales were $847.6 million, a 1.7% decrease year-over-year.
Core revenue growth was positive at 1.4%, driven by strength in Auto Replacement and Personal Mobility end markets.
Net income attributable to shareholders was $62.0 million, or $0.24 per diluted share.
Adjusted Net Income per diluted share was $0.36.
Gates Industrial
Gates Industrial
Gates Industrial Revenue by Segment
Revenue by Segment
Power Transmission Revenue
CapyFin.comFluid Power Revenue
CapyFin.com Forward Guidance
Gates Industrial is maintaining its full-year 2025 financial guidance.
Positive Outlook
- Core sales growth anticipated in the range of -0.5% to +3.5% year-over-year.
- Adjusted EBITDA projected between $735 million and $795 million.
- Adjusted Earnings Per Share expected to be $1.36 to $1.52.
- Free Cash Flow conversion anticipated to exceed 90%.
- Capital Expenditures expected to be approximately $120 million.
Challenges Ahead
- The business environment has become more uncertain since the start of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income