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+5.02%
Close of 9 Nov 2026, in USD
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About Gates Industrial Corporation
From its filings with the US Securities and Exchange Commission
Gates Industrial Corporation is based in Denver, Colorado and is incorporated in Bermuda. Its shares trade on NYSE under the ticker GTES. The SEC classifies its business as general industrial machinery & equipment. In the fiscal year to 31 December 2025, it reported revenue of $3.44bn and net income of $251.4m. At that date it held total assets of $7.15bn and shareholders' equity of $3.33bn.
We are a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. We offer a broad portfolio of products to diverse aftermarket channel customers, and to original equipment manufacturers (“OEM”) as specified components, with the majority of our revenue coming from aftermarket channels. Our products are used in applications across numerous end markets, including automotive aftermarket, automotive OEM, diversified industrial, industrial off-highway, industrial on-highway, energy and resources, and personal mobility. Our net sales have historically been, and remain, highly correlated with industrial activity and utilization, and not with any single end market given the diversification of our business and high exposure to the aftermarket channel. We sell our products globally under the Gates brand, which is recognized by distributors, equipment manufacturers, installers and end users as a premium brand for quality and technological innovation; this reputation has been built over more than 110 years since Gates’ founding in 1911.
Within the diverse end markets we serve, our highly engineered products are often critical components in applications for which the cost of downtime is high relative to the cost of our products, resulting in the willingness of end users to pay a premium for superior performance and availability. These applications subject our products to normal wear and tear, resulting in natural, and often preventative, aftermarket cycles that drive high-margin, recurring revenue.
Quoted from its 10-K, filed 12 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 25 Jan 2018
- Employees
- 13,000
- Head office
- 1144 FIFTEENTH STREET, DENVER, CO, 80202
- Incorporated in
- D0
- Classification
- General Industrial Machinery & Equipment
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Neil SimpkinsNon-Executive Independent Chairman of the Board$389,991
- Mr. Ivo JurekChief Executive Officer, Executive Director, since 2017$10.0m
- Mr. L. Brooks MallardChief Financial Officer, Executive Vice President$3.3m
- Ms. Gwendolyn MontgomeryChief Human Resources Officer, Executive Vice President$1.8m
- Ms. Cristin BrackenExecutive Vice President, Chief Legal Officer and Corporate Secretary$2.0m
- Mr. Thomas PitstickSenior Vice President, President, Americas$2.3m
- Mr. Joseph CantieNon-Executive Independent Director
- Mr. Fredrik EliassonNon-Executive Independent Director$269,997
- Mr. James IrelandNon-Executive Independent Director$244,997
- Ms. Stephanie MainsNon-Executive Independent Director$244,997
- Mr. Wilson NeelyNon-Executive Independent Director$259,997
- Ms. Alicia TillmanNon-Executive Independent Director$244,997
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 86
- Environment
- 97
- Social
- 94
- Governance
- 67
- Direct emissions (scope 1)
- 123,300 t
- Energy emissions (scope 2)
- 150,600 t
- Women in the workforce
- 24%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Gates Industrial Corporation PLC is recognized as a leading player in the industrial manufacturing sector, enjoying a strong market position. Its reputation for high-quality products and reliable solutions has helped it establish long-standing relationships with customers.
- The company offers a diverse range of products, including power transmission systems, fluid power solutions, conveyance solutions, and industrial hoses. This extensive product portfolio allows Gates Industrial Corporation to serve various industries and cater to different customer needs, contributing to its competitive advantage.
- Gates Industrial Corporation emphasizes innovation and invests significantly in research and development to stay at the forefront of technological advancements. Its commitment to constantly improving products and processes enables the company to meet market demands and drive customer satisfaction.
Weaknesses
- Like many companies in the industrial manufacturing sector, Gates Industrial Corporation's performance is closely tied to the overall economic conditions. During economic downturns or periods of reduced industrial activities, the company may experience a decline in demand for its products.
- The company relies on a few key customers for a significant portion of its revenue. This concentration of customers poses the risk of revenue loss, should any of these customers reduce their orders or switch to alternative suppliers. Diversifying the customer base could mitigate this risk.
Opportunities
- As emerging economies continue to develop and industrialize, there are opportunities for Gates Industrial Corporation to expand its presence in these markets. By strategically targeting new regions, the company can gain access to a larger customer base and further increase its market share.
- With the increasing focus on sustainability and environmental concerns, there is a rising demand for eco-friendly and energy-efficient industrial products. Gates Industrial Corporation can capitalize on this trend by introducing innovative and sustainable solutions that align with customer preferences and regulatory requirements.
Threats
- The industrial manufacturing sector is highly competitive, with numerous players vying for market share. Gates Industrial Corporation faces competition from both established companies and new entrants, which could potentially erode its market position and put pressure on pricing and market share.
- The company's profitability is susceptible to fluctuations in the prices of raw materials, such as metals and rubber. Sudden increases in raw material costs can impact profit margins if the company is unable to pass these costs onto customers or find alternative sourcing options.
- Operating in multiple regions exposes Gates Industrial Corporation to various regulatory and compliance risks. Changes in government regulations, trade policies, or industry standards could necessitate costly adjustments to products, manufacturing processes, or supply chains, impacting the company's operations and financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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