Gates Industrial Corp PLC (NYSE:GTES)
$ 17.67 -0.06 (-0.34%) Market Cap: 4.62 Bil Enterprise Value: 6.55 Bil PE Ratio: 19.42 PB Ratio: 1.45 GF Score: 77/100

Gates Industrial Corporation PLC at Goldman Sachs Industrials & Materials Conference (Virtual) Transcript

May 13, 2020 / 04:10PM GMT
Release Date Price: $8.71 (+0.23%)
Jerry David Revich
Goldman Sachs Group Inc., Research Division - VP

Good afternoon. Welcome, everyone, to this afternoon's [fireless] chat with Gates Corporation. I'm Jerry Revich, and with us today from Gates is Ivo Jurek, Chief Executive Officer. Ivo, thank you so much for joining us.

Ivo Jurek
Gates Industrial Corporation plc - CEO & Director

Thank you, Jerry.

Questions & Answers

Jerry David Revich;Ivo Jurek
Goldman Sachs Group Inc., Research Division - VP;Gates

Ivo, to start the discussion for folks that are newer to your business, can you just talk about the Gates business model and how it compares to your competitors? Your aftermarket business is 60% of sales, obviously, much bigger than a lot of the companies you're up against that are more OEM-driven. So if you could talk about the company's strategy historically that's enabled that attractive structure across the few businesses and steps that you're taking to defend or build on that aftermarket position?

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