Gates Industrial Corp PLC (NYSE:GTES)
$ 17.84 0.11 (0.62%) Market Cap: 4.66 Bil Enterprise Value: 6.57 Bil PE Ratio: 19.48 PB Ratio: 1.46 GF Score: 77/100

Gates Industrial Corporation PLC at Barclays Industrial Select Conference Transcript

Feb 20, 2020 / 04:30PM GMT
Release Date Price: $12.88 (+0.94%)
Patricia Smart Gorman
Barclays Bank PLC, Research Division - Analyst

Hello, and welcome to day 2 of the Barclays Industrial Select Conference. My name is Trish Gorman. I work with Julian Mitchell on the U.S. multi-industry team. So we have Ivo from Gates Industrial Corporation. So thanks for joining us, first of all.

Ivo Jurek
Gates Industrial Corporation plc - CEO & Director

Thank you.

Questions & Answers

Patricia Smart Gorman
Barclays Bank PLC, Research Division - Analyst

And so I guess, just starting out, when we look back at 2019, a major topic was the destocking. And I don't know if there's a way to quantify kind of how much of the decline in 2019 were market-related versus customer-related in destocking? And then if you could just kind of remind us your anticipated time line for when you think we'll get through that destocking in both Power Transmission and Fluid Power.

Ivo Jurek
Gates Industrial Corporation plc - CEO & Director

Great. I think

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