Gates Industrial Reports Fourth-Quarter and Full Year 2024 Results
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Gates Industrial reported a 3.9% decline in fourth-quarter 2024 net sales to $829.4 million, with a core sales decline of 2.6%. Net income was $36.6 million, or $0.14 per diluted share.
February 06, 2025 | 1:15 pm
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Gates Industrial's Q4 2024 results show a 3.9% decline in net sales and a 2.6% core sales decline. Net income was $36.6 million, or $0.14 per diluted share.
The decline in both net sales and core sales suggests potential challenges in market demand or operational efficiency, which could negatively impact investor sentiment and short-term stock price.
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