Gates Industrial Corp plc Earnings Per Share Disclosure
| For the year ended | |||||||||||||||||
(dollars in millions, except share numbers and per share amounts) | December 31, 2025 | December 28, 2024 | December 30, 2023 | ||||||||||||||
Net income attributable to shareholders | $ | 251.4 | $ | 194.9 | $ | 232.9 | |||||||||||
Weighted average number of shares outstanding | 256,663,101 | 259,483,897 | 271,880,047 | ||||||||||||||
Dilutive effect of share-based awards | 3,871,764 | 5,191,669 | 3,768,281 | ||||||||||||||
Diluted weighted average number of shares outstanding | 260,534,865 | 264,675,566 | 275,648,328 | ||||||||||||||
| Number of anti-dilutive shares excluded from diluted earnings per share calculation | 530,576 | 1,949,256 | 4,417,967 | ||||||||||||||
Basic earnings per share | $ | 0.98 | $ | 0.75 | $ | 0.86 | |||||||||||
Diluted earnings per share | $ | 0.96 | $ | 0.74 | $ | 0.84 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 6, 2025 | |
| 2023 | Feb 8, 2024 | |
| 2022 | Feb 9, 2023 | |
| 2021 | Feb 10, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 14, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.