Record quarterly sales and adjusted EPS were achieved, driven by strong industrial end markets and strategic growth initiatives. Guidance for 2026 was raised, with core sales growth now expected at 2.5%-4.5% and adjusted EBITDA margin targeted at 23.5%+ in the second half.Based on Gates Industrial…
Gates Industrial reported second-quarter 2026 net sales of $941.6 million, up 6.6% year-over-year (core sales +4.9%), with net income attributable to shareholders of $170.9 million ($0.67 per diluted share). Adjusted EBITDA was $211.4 million (22.5% margin) and adjusted net income per diluted share…
Record quarterly sales and adjusted EPS were achieved, with 7% total sales growth and strong core growth across industrial verticals. Guidance for 2026 was raised, reflecting improved demand trends, margin expansion, and double-digit adjusted EPS growth expectations.Original document: Gates Industr…
DENVER, July 31, 2026 /PRNewswire/ --Second-Quarter 2026 Financial SummaryGates Industrial Corporation Ltd. (NYSE:GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the second quarter ended June 27, 2026.Ivo Jurek, Gates…
What Happened? A number of stocks fell in the afternoon session after Iran's missile attack on commercial tankers near the Strait of Hormuz pushed oil prices higher and revived inflation fears, a double blow for the industrial sector squeezed simultaneously by rising fuel costs and rising borrowing…
