Gates Industrial Corp plc (GTES)

Gates Industrial Corp. Plc is a holding company, which engages in the manufacture of engineered power transmission and fluid solutions. It operates through the following segments: Power Transmission and Fluid Power. The Power Transmission segment includes elastomer drive belts, and related components used to efficiently transfer motion in a broad range of applications. The Fluid Power segment consists of hoses, tubing, and fittings designed to convey hydraulic fluid at high-pressures in both mobile and stationary applications, and high-pressure and fluid transfer hoses used to convey various fluids. The company was founded on September 25, 2017, and is headquartered in Denver, CO.

Address

1144 FIFTEENTH STREET
DENVER, CO 80202

Founded

2017

Number of Employees

14,700

Website

https://investors.gates.com

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)		 - - - - - - - $10,549 - $250,000 $50,000 $103,516
Average Price - - - - - - - $16.07 - $11.40 $12.05 $11.61
# Shares Purchased - - - - - - - 656,451 - 21,934,634 4,151,100 8,914,062
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - - - - - - - 5.8% - 49.2% 41.1% 46.4%
S&P 500 Return to Date - - - - - - - 31.7% - 31.3% 7.4% 23.5%
Excess Total Return - - - - - - - -25.9% - 17.8% 33.7% 22.9%
Quartile Rank
Percentile Rank - - - - - - - 51% - 83% 95% 69%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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Gates Industrial Corp plc