← Gates Industrial Corp plc
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2020 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | $2.7b |
$3.0b
+10.73%
|
$3.3b
+10.06%
|
$3.1b
-7.78%
|
$2.8b
-9.53%
|
$3.5b
+24.40%
|
$3.6b
+2.76%
|
$3.4b
-4.54%
|
$3.4b
+1.03%
|
— | $3.5b | |
| Operating Revenue | $2.7b |
$3.0b
+10.73%
|
$3.3b
+10.06%
|
$3.1b
-7.78%
|
$2.8b
-9.53%
|
$3.6b
+27.25%
|
$3.6b
+0.45%
|
$3.4b
-4.54%
|
$3.4b
+1.03%
|
$2.8b
-18.88%
|
$3.5b
+25.48%
|
|
| Cost of Goods and Services Sold | $1.7b |
$1.8b
+8.15%
|
$2.0b
+10.60%
|
$1.9b
-3.59%
|
$1.8b
-9.58%
|
$2.1b
+21.44%
|
$2.2b
+3.56%
|
$2.0b
-7.31%
|
$2.1b
+1.06%
|
$1.8b
-15.12%
|
$2.1b
+20.21%
|
|
| Cost of sales | $1.7b |
$1.8b
+8.15%
|
$2.0b
+10.60%
|
$1.9b
-3.59%
|
$1.8b
-9.58%
|
$2.1b
+21.44%
|
$2.2b
+3.56%
|
$2.0b
-7.31%
|
$2.1b
+1.06%
|
$1.8b
-15.12%
|
$2.1b
+20.21%
|
|
| Gross profit | $1.1b |
$1.2b
+14.82%
|
$1.3b
+9.24%
|
$1.1b
-14.14%
|
$1.0b
-9.44%
|
$1.3b
+29.43%
|
$1.4b
+1.47%
|
$1.4b
-0.03%
|
$1.4b
+0.97%
|
$1.0b
-24.57%
|
$1.4b
+34.44%
|
|
| Research and Development Expense | — | — | — | — | — | — | — | — | — | $67.2m | — | |
| Selling, General and Administrative Expense | — | — | — | — | — | — | — | — | — | $776.9m | $906.3m | |
| Selling, general and administrative expenses | $737.7m | $777.1m | $805.8m | $777.3m | $776.9m | $852.7m | $882.2m | $870.0m | $876.1m | — | $906.3m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | — | $129.3m | — | |
| Operating Lease, Expense | — | — | — | — | — | — | — | — | — | $29.9m | — | |
| Restructuring expenses | $11.4m | $17.4m | $6.4m | $6.0m | $37.3m | $7.4m | $11.6m | $6.5m | $26.3m | — | — | |
| Other operating expenses | $2.8m | ($300k) | $14.3m | $9.1m | ($1.0m) | ($9.3m) | $200k | $0 | $0 | — | — | |
| EBIT | $305.3m | $402.9m | $496.8m | $346.8m | $211.1m | $397.2m | $448.5m | $460.7m | $458.4m | $464.2m | ||
| Operating Income | $305.3m |
$402.9m
+31.97%
|
$496.8m
+23.31%
|
$346.8m
-30.19%
|
$211.1m
-39.13%
|
$396.7m
+87.92%
|
$474.0m
+19.49%
|
$482.0m
+1.69%
|
$495.6m
+2.82%
|
$211.1m
-57.41%
|
$484.7m
+129.61%
|
|
| Operating income from continuing operations | $305.3m |
$402.9m
+31.97%
|
$496.8m
+23.31%
|
$346.8m
-30.19%
|
$211.1m
-39.13%
|
$484.1m
+129.32%
|
$462.6m
-4.44%
|
$478.7m
+3.48%
|
$465.3m
-2.80%
|
— | $484.7m | |
| Operating Income (Loss) | — | — | — | — | — | — | — | — | — | $211.1m |
$484.7m
+129.61%
|
|
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | — | $1.0m | — | |
| Total Operating Income As Reported | $305.3m | $402.9m | $496.8m | $346.8m | $211.1m | $384.0m | $460.1m | $472.2m | $465.3m | — | $484.7m | |
| Interest Expense | — | — | — | — | — | — | — | — | — | $154.3m | $119.9m | |
| Interest expense | $216.3m | $234.6m | $175.9m | $157.8m | $154.3m | $133.5m | $163.2m | $155.8m | $125.9m | — | $119.9m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | — | — | ($46.9m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | — | $14.2m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $71.0m | $344.3m | |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | $28.4m | ($45.4m) | |
| Income tax expense | $21.1m | ($72.5m) | $31.8m | ($495.9m) | ($19.3m) | $18.4m | $28.3m | $107.5m | $63.1m | — | ($45.4m) | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | ($19.3m) | ($45.4m) | |
| Net income | $84.3m |
$182.7m
+116.73%
|
$271.1m
+48.39%
|
$694.1m
+156.03%
|
$90.0m
-87.03%
|
$331.3m
+268.11%
|
$256.4m
-22.61%
|
$219.9m
-14.24%
|
$276.3m
+25.65%
|
$79.4m
-71.26%
|
$363.5m
+357.81%
|
|
| Net income from continuing operations | $71.9m | $182.0m | $271.7m | $694.7m | $90.3m | $331.3m | $257.0m | $220.5m | $277.1m | — | — | |
| Net Income Common Stockholders | $71.9m |
$182.0m
+153.13%
|
$271.7m
+49.29%
|
$694.7m
+155.69%
|
$90.3m
-87.00%
|
$220.8m
+144.52%
|
$232.9m
+5.48%
|
$194.9m
-16.32%
|
$251.4m
+28.99%
|
— | $363.5m | |
| Net income attributable to shareholders | $57.7m | $151.3m | $245.3m | $690.1m | $79.4m | $297.1m | $232.9m | $194.9m | $251.4m | — | $363.5m | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | — | — | — | — | $79.4m |
$363.5m
+357.81%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $10.6m | $363.5m | |
| Earnings per share | ||||||||||||
| Earnings Per Share, Basic | — | — | — | — | — | — | — | — | — | $0.27 | $1.43 | |
| Earnings Per Share, Diluted | — | — | — | — | — | — | — | — | — | $0.27 | $1.41 | |
| Earnings per share from continuing operations (in usd per share) | $0.18 | $0.60 | $0.84 | $2.37 | $0.27 | $1.00 | $0.84 | $0.74 | $0.96 | — | — | |
| Earnings per share from discontinued operations (in usd per share) | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | — | — | — | — | $0 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | — | — | — | — | — | $0 | — | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | — | — | — | — | — | 292.1m | 258.2m | |
| Additional Financial Items | ||||||||||||
| Asset impairments | — | — | $600k | $700k | $5.2m | $600k | $100k | $0 | $3.5m | — | — | |
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | — | — | — | $5.2m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | $0 | — | |
| Income from continuing operations before taxes | $93.0m | $109.5m | $303.5m | $198.8m | $71.0m | $349.7m | $285.3m | $328.0m | $340.2m | — | — | |
| Less: non-controlling interests | $26.6m | $31.4m | $25.8m | $4.0m | $10.6m | $34.2m | $23.5m | $25.0m | $24.9m | — | — | |
| Loss on deconsolidation of Russian Subsidiary | — | — | — | — | — | $0 | $0 | $12.7m | $0 | — | — | |
| Loss on disposal of discontinued operations, net of tax, respectively, of $0, $0 and $0 | ($12.4m) | ($700k) | $600k | $600k | $300k | $0 | $600k | $600k | $800k | — | — | |
| Other (income) expenses | ($4.0m) | $58.8m | $17.4m | ($9.8m) | ($14.2m) | $900k | $14.1m | ($17.8m) | ($800k) | — | — | |
| Transaction-related expenses | $400k | $18.1m | $6.7m | $2.6m | $5.2m | $3.7m | $2.2m | $3.3m | $500k | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $90.3m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.