Gates Industrial Corp Ltd. 8K

Gates Industrial Corporation Ltd. reported better-than-expected Q2 2026 results and raised its full-year 2026 guidance for sales, profitability and adjusted EPS.

Gates Industrial Corporation Ltd. reported strong results for the second quarter ended June 27, 2026, with net sales of $941.6 million (up 6.6% year over year and 4.9% on a core basis), net income attributable to shareholders of $170.9 million or $0.67 per diluted share, adjusted net income of $112.5 million or $0.44 per diluted share, and adjusted EBITDA of $211.4 million (22.5% margin). Both the Power Transmission and Fluid Power segments delivered year-over-year sales growth, and management cited record sales and EPS and improving global order momentum. Based on this performance, the company raised its full-year 2026 guidance, increasing expected core sales growth to 2.5%–4.5%, adjusted EBITDA to $800–$830 million, and adjusted EPS to $1.62–$1.70, while maintaining capital expenditure and free cash flow conversion targets. The company also provided updated non-GAAP reconciliations, reiterated its balance sheet strength and capital allocation flexibility, and announced details for a same-day earnings conference call and webcast.

Filing Facts

CIK

1718512

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-051221

Alert Tier

7