Gates Industrial Corporation plc (GTES)
Gates Industrial Corporation plc operates in the Industrial - Machinery industry of the Industrials sector, headquartered in Denver, CO, US. The stock last traded at $27.98, down 1.62% on the session, giving a market capitalisation of $7.11B. On trailing twelve-month figures it carries a trailing P/E of 19.57, a net margin of 10.4%. Its beta of 1.28 implies it has historically moved more than the broad market.
Gates Industrial Corporation plc operates worldwide, specializing in the engineering, manufacturing, and sale of sophisticated power transmission and fluid power systems. The company is organized into two main operational units: Power Transmission and Fluid Power. The Power Transmission segment delivers a wide array of belts, including V-belts, CVT belts, and Micro-V belts, whether synchronous or asynchronous, along with essential associated components like sprockets, pulleys, water pumps, and tensioners. These solutions are integral to various platforms, from stationary and mobile drive systems to engine components, personal mobility, and vertical lifting mechanisms. This division also provides metal drive parts and complete kits for the automotive aftermarket. Through its Fluid Power segment, Gates offers comprehensive hydraulic solutions, which encompass hoses, tubing, fittings, and pre-assembled units. These products are crucial for stationary and mobile hydraulic systems, engine applications, and a broad spectrum of other industrial uses. Gates' engineered products, all marketed under the Gates brand, cater to a diverse range of industries. These include construction, agriculture, energy, automotive, transportation, recreational vehicles, consumer products, and various industrial applications such as automated manufacturing and logistics systems. The company supplies both original equipment manufacturers and customers in the replacement parts channel. Established in 1911, Gates Industrial Corporation plc maintains its headquarters in Denver, Colorado.
Gates Industrial Corporation plc is most often compared with the following Industrials names: