Earnings Releases·Oct 30, 2026, 7:32 AM ET

Gates Industrial — Third Quarter 2026 Earnings Summary

Third-quarter net sales rose 5.6% year-over-year to $903.6 million, while net income attributable to shareholders increased to $86.5 million ($0.34 per diluted share) from $81.6 million ($0.32) in the prior-year period.
The company raised full-year 2026 guidance for adjusted EPS to $1.66–$1.72 (prior: $1.62–$1.70) and adjusted EBITDA to $809–$823 million (prior: $800–$830 million), citing strong execution in gross margins and core sales growth.
Capital allocation included $96.1 million in share repurchases during the first nine months of 2026, contributing to a net cash used in financing activities of $105.4 million for the period.
Power Transmission and Fluid Power segments both delivered double-digit Adjusted EBITDA growth for the quarter, with the Power Transmission segment margin expanding 160 basis points to 24.5%.