Gates Industrial Corporation plc reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 872.9 million compared to USD 860.7 million a year ago. Net income was USD 78.7 million compared to USD 51.9 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.18 a year ago. Basic earnings per share was USD 0.3 compared to USD 0.18 a year ago. Diluted earnings per share was USD 0.29 compared to USD 0.18 a year ago.
For the nine months, sales was USD 2,706.9 million compared to USD 2,660.9 million a year ago. Net income was USD 170 million compared to USD 135.9 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 0.48 a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to USD 0.47 a year ago. Basic earnings per share was USD 0.62 compared to USD 0.48 a year ago. Diluted earnings per share was USD 0.61 compared to USD 0.47 a year ago.