Quarterly ResultJul 31, 2026, 07:41 AM
Gates Industrial Q2 Net Sales $941.6M, EPS $0.67; Raises 2026 Guidance
AI Summary
Gates Industrial reported strong second-quarter 2026 financial results, with net sales increasing 6.6% to $941.6 million and diluted earnings per share of $0.67. The company achieved a 4.9% core sales increase and adjusted EBITDA of $211.4 million. Following these positive outcomes, Gates Industrial raised its full-year 2026 guidance for core sales growth, Adjusted EBITDA, and Adjusted EPS, citing improving order momentum and a solid financial position.
Key Highlights
- Q2 2026 Net sales $941.6 million, up 6.6% year-over-year.
- Q2 2026 Diluted EPS $0.67; Adjusted Net Income per diluted share $0.44.
- Q2 2026 Adjusted EBITDA $211.4 million, with a 22.5% margin.
- Power Transmission segment net sales grew 7.0% to $588.5 million.
- Fluid Power segment net sales increased 5.8% to $353.1 million.
- Raised 2026 core sales growth guidance to 2.5% to 4.5%.
- Raised 2026 Adjusted EBITDA guidance to $800 million to $830 million.
- Raised 2026 Adjusted EPS guidance to $1.62 to $1.70.
Price Impact
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