Earnings Call Summary | Gates Industrial(GTES.US) Q1 2024 Earnings Conference
Earnings Call Summary | Gates Industrial(GTES.US) Q1 2024 Earnings Conference
The following is a summary of the Gates Industrial Corporation Plc (GTES) Q1 2024 Earnings Call Transcript:
以下是蓋茨工業公司(GTES)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
Gates Industrial Corporation reported Q1 revenue of $863 million, down 3.6% on a core basis.
Adjusted EBITDA was $196 million at a margin of 22.7%, an expansion of 330 basis points, due to key initiatives and an increased mix of replacement sales.
Operating income grew over 30%, leading to an adjusted EPS of $0.31.
Due to a $100 million reduction in term loan balance, the net leverage ratio fell to 2.4x from 2.7x, compared to Q1 of the previous year.
The company repurchased $50 million worth of shares during Q1, demonstrating a more robust balance sheet.
蓋茨工業公司公佈的第一季度收入爲8.63億美元,核心收入下降3.6%。
調整後的息稅折舊攤銷前利潤爲1.96億美元,利潤率爲22.7%,增長了330個點子,這要歸因於關鍵舉措和替代銷售組合的增加。
營業收入增長了30%以上,調整後的每股收益爲0.31美元。
由於定期貸款餘額減少了1億美元,與去年第一季度相比,淨槓桿率從2.7倍降至2.4倍。
該公司在第一季度回購了價值5000萬美元的股票,這表明資產負債表更加強勁。
Business Progress:
業務進展:
The company experienced improved order activity as the month of March advanced.
It raised its full-year adjusted EBITDA guidance due to Q1 performance.
Despite ongoing industrial challenges, Gates Industrial expressed optimism about expanding its business through data centers over the next 3-4 years.
The company anticipates recovery in personal mobility in the second half of the year and is planning strategic pricing to offset inflationary pressures.
Gates Industrial is pursuing footprint optimization with multiple ongoing projects, expecting significant benefits to materialize by late 2025 or early 2026.
The company's Q1 performance was boosted by longer cycle projects in oil and gas and mining, projected to materialize during 2024.
隨着三月份的推進,該公司的訂單活動有所改善。
由於第一季度的業績,該公司上調了調整後的全年息稅折舊攤銷前利潤預期。
儘管工業挑戰持續存在,但蓋茨工業對未來3-4年通過數據中心擴展業務表示樂觀。
該公司預計,下半年個人出行將恢復,並正在計劃戰略定價以抵消通貨膨脹壓力。
蓋茨工業正在通過多個正在進行的項目尋求佔地面積優化,預計到2025年底或2026年初將實現重大收益。
該公司第一季度的業績得益於石油天然氣和採礦業領域的較長週期項目,這些項目預計將在2024年實現。
More details: Gates Industrial IR
更多詳情: 蓋茨工業紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。