Quarterly ResultOct 30, 2026, 04:22 PM
Gates Industrial Corp. Q3 Net Sales $903.6M, Up 5.6% YoY; EPS $0.34
AI Summary
Gates Industrial Corp. plc reported its third-quarter 2026 financial results, with net sales increasing by 5.6% year-over-year to $903.6 million. Operating income from continuing operations rose to $131.3 million. Net income attributable to shareholders was $86.5 million, or $0.34 per diluted share. For the nine months ended September 26, 2026, net sales grew 4.2% to $2,696.3 million. The company highlighted growth in both its Power Transmission and Fluid Power segments, with Adjusted EBITDA increasing to $215.4 million for the quarter.
Key Highlights
- Gates Industrial Corp. reported Q3 2026 net sales of $903.6 million, up 5.6% year-over-year.
- Q3 2026 operating income from continuing operations was $131.3 million, an increase from $115.4 million in Q3 2025.
- Net income attributable to shareholders for Q3 2026 was $86.5 million, or $0.34 per diluted share.
- Nine-month 2026 net sales reached $2,696.3 million, a 4.2% increase compared to the same period in 2025.
- Power Transmission segment Q3 2026 net sales were $560.1 million, up from $533.3 million in Q3 2025.
- Fluid Power segment Q3 2026 net sales were $343.5 million, up from $322.4 million in Q3 2025.
- Adjusted EBITDA for Q3 2026 was $215.4 million, an increase from $195.8 million in Q3 2025.
Price Impact
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