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Gates Industrial Corporation GTES Distributions to noncontrolling interests

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Other financials

Income statement

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Revenue$851.1M+0.4%
Gross profit$338.0M-1.9%
Operating income$109.9M-12.6%
Net income$59.7M-3.7%
EPS (diluted)$0.23-4.2%

Balance sheet

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Cash & equivalents$788.2M+22.6%
Total debt$2.2B-4.8%
Total equity$3.4B+8.5%
Total assets$7.1B+3.3%

Cash flow

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Operating cash flow$30.2M+314%
CapEx$16.7M-4.6%
Free cash flow$13.5M+232%

Valuation

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Market cap$7.42B+19.3%
Enterprise value$8.86B+13.0%
P/E29.8×-0.9×
P/S2.2×+0.3×

Profitability

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Gross margin39.6%-0.9pp
Operating margin13%-1.2pp
Net margin7.2%+0.8pp
FCF margin12.4%+2.9pp

Returns & leverage

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Return on equity7.7%+0.8pp
Debt / equity0.7×-0.1×
Current ratio3.7×+0.3×

Where this comes from

Reported directly by Gates Industrial Corporation in its filing.

Tagged under the XBRL concept us-gaap:PaymentsOfDividendsMinorityInterest.

The source filing: Gates Industrial Corporation’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:19 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-029351
(dollars in millions)Three months ended / March 28,2026Three months ended / March 29,2025
Repurchase of shares(16.6)(13.0)
Payments of long-term debt(4.7)
Employee taxes paid from shares withheld(8.6)(11.5)
Dividends paid to non-controlling interests(2.3)
Other financing activities(0.4)5.1
Net cash used in financing activities(25.1)(24.6)
Effect of exchange rate changes on cash and cash equivalents and restricted cash(4.7)6.6
Net decrease in cash and cash equivalents and restricted cash(26.8)(41.7)

Item 1: Financial Statements (unaudited)

FAQ

What is Gates Industrial Corporation's distributions to noncontrolling interests?
Gates Industrial Corporation (GTES) reported distributions to noncontrolling interests of $0 in Q1 2026.
How has Gates Industrial Corporation's distributions to noncontrolling interests changed year-over-year?
Gates Industrial Corporation's distributions to noncontrolling interests decreased by 100.0% year-over-year, from $2.3M to $0.
What does distributions to noncontrolling interests mean?
Cash distributions paid to minority interest holders from subsidiaries not fully owned by the parent.

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