Gates Industrial Reports Third-Quarter 2026 Results
Key Highlights
- ➤Net sales $903.6 million, up 5.6% year over year
- ➤Adjusted EBITDA $215.4 million; margin expanded to 23.8%
- ➤Adjusted EPS $0.47; net income attributable to shareholders reached $86.5 million
- ➤2026 adjusted EBITDA guidance raised to $809-$823 million
- ➤2026 adjusted EPS guidance raised to $1.66-$1.72
Expert Statements
Ivo Jurek, Chief Executive Officer of Gates Industrial
“Our team executed well during the third quarter, resulting in mid-single digit sales growth and a significant gross profit margin increase compared to the prior year period. Sales in our Industrial OEM channel increased high-teens and year-over-year growth in our Industrial Aftermarket channel accelerated relative to last quarter.”
Ivo Jurek, Chief Executive Officer of Gates Industrial
“We have raised our 2026 guidance for profitability and adjusted earnings per share. We are on pace to achieve our previously communicated adjusted EBITDA margin target for the second half of 2026 and our balance sheet provides us with significant capital deployment optionality. I appreciate the effort and commitment of the global Gates teams to achieving new records for the company.”
Gates Industrial Reports Third-Quarter 2026 Results PR Newswire
* Third-quarter net sales of $903.6 million, up 5.6% compared to the prior-year period, including a core sales increase of 5.5%. * Net income attributable to shareholders of $86.5 million, or $0.34 per diluted share. * Adjusted Net Income per diluted share of $0.47. * Net income from continuing operations of $91.6 million, or a margin of 10.1%. * Adjusted EBITDA of $215.4 million, or a margin of 23.8%. * Increasing 2026 guidance. Gates Industrial Corporation Ltd. (NYSE:GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the third quarter ended September 26, 2026.
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