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Gates Industrial’s Sales Up 10%

Gates Industrial Corporation plc (NYSE:GTES) Denver, CO, reported fourth-quarter sales of $792.1 million, up 1.3 percent over the year-ago period. Quarterly net income was $75.6 million.

For the full year 2018, Gates reported sales of $3.35 billion, up 10 percent year-over-year. Net income was $245.3 million.

Company leaders cited the firm’s strong performance in industrial end markets and noted that 2018 marked Gates’ first year as a public company.


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