Gates Industrial (GTES) Tops Q4 Views
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Gates Industrial Full Fourth-Quarter and Full-Year 2017 Results Posted on investors.gates.com
March 13, 2018 5:38 PM EDTDENVER, March 13, 2018 /PRNewswire/ --Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Fourth-Quarter 2017 Highlights
Record fourth-quarter sales of $781.8 million, a 17.1% increase over prior-year quarter Net income of $118.8 million, compared to prior-year quarter net income of $9.9 million Adjusted EBITDA of $173.0 million, a fourth-quarter record, and Adjusted EBITDA Margin of 22.1% Acquired Atlas Hydraulics ("Atlas"), a fully-integrated North American producer of hydraulic tube and hose assemblies, strengthening Gates' position in the fluid power... More