DENVER (AP) — DENVER (AP) — Gates Industrial Corp. (GTES) on Thursday reported fourth-quarter profit of $84.9 million.
The Denver-based company said it had net income of 30 cents per share. Earnings, adjusted for one-time gains and costs, were 25 cents per share.
The manufacturer of power transmission and fluid power systems posted revenue of $893.3 million in the period.
For the year, the company reported profit of $220.8 million, or 77 cents per share. Revenue was reported as $3.55 billion.
Gates Industrial expects full-year earnings in the range of $1.13 to $1.23 per share.
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