Gates Industrial Reports Second-Quarter 2020 Results
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Gates Industrial Corporation plc (GTES) Tops Q2 EPS by 8c, Revenues Beat
August 4, 2020 4:37 PM EDTGates Industrial Corporation plc (NYSE: GTES) reported Q2 EPS of $0.03, $0.08 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $576.5 million versus the consensus estimate of $557.15 million.
Second-Quarter 2020 Highlights
Net sales of $576.5 million compared to prior-year period of $809.9 million.Net loss attributable to shareholders of $22.4 million, or $0.08 per diluted share, compared to prior-year period net income attributable to shareholders of $21.5 million, or $0.07 per diluted share.Adjusted Net Income of $9.4 million, or $0.03 per diluted share.Adjusted EBITDA of $83.2 million and Adjusted EBITDA margin of... More