Earnings ·
Gates Industrial Corporation Ltd. reported second-quarter 2026 financial results for the period ended June 27, 2026
GTESGates Industrial Corp Ltd.
Gates Industrial Corporation Ltd. reported second-quarter 2026 financial results for the period ended June 27, 2026. The company generated net sales of $941.6 million, a 6.6% increase from the prior-year period, driven by a 4.9% core sales growth. Net income attributable to shareholders was $170.9 million, or $0.67 per diluted share, compared to $56.5 million in the previous year. Adjusted EBITDA reached $211.4 million with a margin of 22.5%. Management raised full-year 2026 guidance, increasing core sales growth expectations to 2.5%–4.5%, adjusted EBITDA to $800–$830 million, and adjusted EPS to $1.62–$1.70. Gates Industrial Corporation Ltd. operates in the industrial manufacturing sector, providing application-specific fluid power and power transmission solutions globally.