Gates Industrial Corporation plc (GTES) Tops Q4 EPS by 1c

Gates Industrial Corporation plc (NYSE: GTES) reported Q4 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $725.7 million versus the consensus estimate of $719.07 million.

2020 Outlook:

The Company is introducing its full-year 2020 outlook, with core revenue expected to range from a decline of -1.0% to growth of 2.0%, and Adjusted EBITDA expected in the range of $610 million to $640 million. The Company expects total capital expenditures of approximately $100 million and Free Cash Flow Conversion to be greater than 80% of Adjusted Net Income.

For earnings history and earnings-related data on Gates Industrial Corporation plc (GTES) click here.

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