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GTES
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194 days

Gates Industrial Reports Fourth-Quarter and Full Year 2024 Results

1. Fourth-quarter net sales decreased 3.9% to $829.4 million. 2. Net income dropped to $36.6 million, or $0.14 per share.

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+8.11%Current Return
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-0.61%S&P 500
$20.7702/06 08:03 AM EDTEvent Start
$22.45502/07 02:31 PM EDTLatest Updated
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FAQ

Why Bearish?

Decreased sales and income indicate potential revenue challenges, similar to past declines leading to lower stock prices.

How important is it?

The financial summary directly reflects GTES's recent performance, influencing stock projections significantly.

Why Short Term?

Immediate financial results can impact investor sentiment and price movements, as seen after recent earnings drops.

Related Companies

GTESCOMP
DENVER , Feb. 6, 2025 /PRNewswire/ -- Fourth -Quarter 2024 Financial Summary Fourth-quarter net sales of $829.4 million, down 3.9% compared to the prior-year period, including a core sales decline of 2.6%. Net income attributable to shareholders of $36.6 million, or $0.14 per diluted share.

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