Earnings ·
Gates Industrial reports Q3 net income of $86.5M, raises full-year adjusted EPS guidance
GTESGates Industrial Corp Ltd.
Gates Industrial Corporation Ltd. reported third-quarter 2026 net sales of $903.6 million, a 5.6% increase from the prior year, driven by mid-single-digit core sales growth. Net income attributable to shareholders was $86.5 million, or $0.34 per diluted share, while adjusted earnings per share reached $0.47. The company raised its full-year 2026 financial guidance, increasing the midpoint for adjusted EBITDA by $1 million to a range of $809–$823 million and lifting adjusted EPS expectations by $0.03 to $1.66–$1.72. Gates Industrial Corporation Ltd. is a global manufacturer of innovative power transmission and fluid power solutions.