Gates Industrial Corporation plc reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 936.3 million compared to USD 906.8 million a year ago. Net income was USD 64.9 million compared to USD 53.1 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.19 a year ago. Basic earnings per share was USD 0.24 compared to USD 0.19 a year ago. Diluted earnings per share was USD 0.23 compared to USD 0.19 a year ago.
For the six months, sales was USD 1,834 million compared to USD 1,800.2 million a year ago. Net income was USD 91.3 million compared to USD 84 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.29 a year ago. Basic earnings per share was USD 0.33 compared to USD 0.29 a year ago. Diluted earnings per share was USD 0.32 compared to USD 0.29 a year ago.