Gates Industrial Corporation plc (NYSE:GTES) Q2 2024 Results Conference Call July 31, 2024 9:00 AM ET

Company Participants

Rich Kwas - Vice President-Investor Relations
Ivo Jurek - Chief Executive Officer
Brooks Mallard - Chief Financial Officer

Conference Call Participants

Mike Halloran - Baird
Jeff Hammond - KeyBanc Capital Markets
Nigel Coe - Wolfe Research
Julian Mitchell - Barclays
Deane Dray - RBC Capital Markets
Andy Kaplowitz - Citigroup
Clay Williams - Goldman Sachs

Operator

Thank you for standing by, and welcome to the Gates Industrial Corporation Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

I'd now like to turn the call over to Rich Kwas, Vice President, Investor Relations. You may begin.

Rich Kwas

Good morning, and thank you for joining us on our second quarter 2024 earnings call. I'll briefly cover our non-GAAP and forward-looking language before passing the call over to our CEO, Ivo Jurek, who will be followed by Brooks Mallard, our CFO.

Before the market opened today, we published our second quarter 2024 results. A copy of the release is available on our website at investors.gates.com. Our call this morning is being webcast and is accompanied by a slide presentation. On this call, we will refer to certain non-GAAP financial measures that we believe are useful in evaluating our performance.

Reconciliations of historical non-GAAP financial measures are included in our earnings release and the slide presentation, each of which is available in the Investor Relations section of our website. Please refer now to Slide 2 of the presentation, which provides a reminder that our remarks on forward-looking statements within the meaning of the Private Securities Litigation Reform Act.

These forward-looking statements are subject to risks that could cause actual results to be materially different from those expressed in or implied by such forward-looking statements. These risks include, among others, matters that we have described in our most recent annual report on Form 10-K and other filings we make with the SEC. We disclaim any obligation to update these forward-looking statements.

Later this quarter, we will be attending the Jefferies Industrial Conference and Morgan Stanley's 12th Annual Laguna Conference. We look forward to meeting with many of you. Before we start, please note all comparisons are against the prior year period unless stated otherwise. Also, please note that we have recast our adjusted EPS figures for 2023 and year-to-date 2024 using a normalized adjusted effective tax rate.