Gates Industrial Corp plc - Company Profile
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Gates Industrial Corp plc (Gates) is a power transmission and fluid power solutions-based manufacturing company. It offers a broad range of products such as stationary drives, mobile drives, engine systems, personal mobility, vertical lift, stationary hydraulics, mobile hydraulics, vehicle systems, and other industrial products. The company uses its products in various markets such as agriculture, automotive, construction, consumer products energy, general industries and transportation. Gates provides various solutions for power transmission and fluid power including stationary drives and hydraulics, mobile drives and hydraulics, engine systems, personal mobility, vertical lift, and other industries. The company operates in Europe, the Middle East, Africa and East Asia. Gates is headquartered in Denver, Colorado, the US.
Headquarters
United States of America
Address
1144 Fifteenth Street, Denver, Colorado, 80202
Telephone
1 303 7444876
No of Employees
14,700
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
GTES (NYSE)
Revenue (2022)
$3.6B
0.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
5.5%
(2022 vs 2021)
Market Cap*
$4.7B
Net Profit Margin (2022)
XYZ
5.0%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| Power Transmission: | Gates |
| Synchronous Belts V-Belts | |
| CBT & Micro-V Belts | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In February, the company introduced the Clean Master Plus hose platform. |
| 2023 | New Products/Services | In April, the company launched a mobile version of Gates Design Power application. |
| 2022 | New Products/Services | In November, the company introduced Carbon Drive Moto X5 Belts for two wheelers electric market. |
Competitor Comparison
| Key Parameters | Gates Industrial Corp plc | Emerson Electric Co | Flowserve Corp | Bando USA, Inc. | Dayco IP Holdings LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Denver | St. Louis | Irving | Itasca | Roseville |
| State/Province | Colorado | Missouri | Texas | Illinois | Michigan |
| No. of Employees | 14,700 | 67,000 | 16,000 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Neil P. Simpkins | Chairman | Executive Board | 2020 | 57 |
| Ivo Jurek | Chief Executive Officer; Director | Executive Board | 2017 | 58 |
| L. Brooks Mallard | Executive Vice President; Chief Financial Officer | Senior Management | 2020 | 56 |
| Thomas G. Pitstick | Chief Strategy Officer; Senior Vice President - Strategic Planning | Senior Management | 2023 | 51 |
| Diego Silva | Chief Information Officer; Senior Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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