Gates Industrial Earnings Reports

Gates Industrial Corporation plc delivered a solid third quarter in 2025, with net sales increasing by 3.0% to $855.7 million and core sales growing by 1.7%. The company achieved double-digit EPS growth year-over-year and an adjusted EBITDA margin increase of 90 basis points to 22.9%. Net income from continuing operations also saw a significant increase, rising by 370 basis points to a margin of 10.4%.

Gates Industrial delivered solid results in the second quarter of 2025, with net sales of $883.7 million, a slight decrease of 0.2% year-over-year. The company reported a net income attributable to shareholders of $56.5 million and an adjusted net income per diluted share of $0.39. Gross margin expanded, and the balance sheet improved, driven by positive core sales growth in Replacement channels and double-digit growth in the Mobility business, alongside the first growth in Agriculture since Q4 2022.

Gates Industrial reported a slight decrease in net sales for the first quarter of 2025 compared to the prior year, totaling $847.6 million. However, core revenue saw a positive growth of 1.4%. Net income attributable to shareholders was $62.0 million, and adjusted net income per diluted share was $0.36. The company reiterated its full-year 2025 guidance.

Gates Industrial reported a decrease in net sales and net income for the fourth quarter of 2024, with net sales down 3.9% to $829.4 million and net income attributable to shareholders at $36.6 million. However, the adjusted EBITDA margin increased by 30 basis points to 21.8%, driven by enterprise initiatives.

Gates Industrial reported a decrease in net sales by 4.8% to $830.7 million, with a core sales decline of 3.8%. Net income attributable to shareholders was $47.6 million, or $0.18 per diluted share, while adjusted net income per diluted share was $0.33. The company is updating its full year 2024 guidance.

Gates Industrial reported a decrease in net sales by 5.4% to $885.5 million, with a core sales decline of 4.0%. Net income attributable to shareholders increased to $70.7 million, or $0.26 per diluted share, while adjusted net income per diluted share was $0.36. The company's gross margin and adjusted EBITDA margin improved, but full-year guidance was trimmed due to softer demand.

Gates Industrial reported first-quarter net sales of $862.6 million, a decrease of 3.9% compared to the prior-year period. Net income attributable to shareholders was $40.0 million, or $0.15 per diluted share. Adjusted Net Income per diluted share was $0.31. The company increased its full-year 2024 Adjusted EBITDA guidance.

Gates Industrial reported a decrease in net sales for the fourth quarter of 2023, with a core revenue decline. However, the company achieved solid margin expansion and robust operating cash flow. Full-year results showed slight revenue growth and significant improvement in free cash flow.

Gates Industrial reported a strong second quarter in 2023, with record net sales of $936.3 million, up 3.3% year-over-year, and core revenue growth of 3.9%. Net income attributable to shareholders was $64.9 million, or $0.23 per diluted share, while adjusted net income per diluted share reached $0.36. The company is raising its full-year EPS guidance.

Gates Industrial reported a 0.5% increase in net sales to $897.7 million, including 4.0% core revenue growth. Net income attributable to shareholders was $26.4 million ($0.09 per diluted share), with adjusted net income per diluted share at $0.25. The company maintained its full-year 2023 guidance and the Board of Directors approved a $250 million share repurchase authorization.

Gates Industrial reported a strong fourth quarter with net sales of $893.3 million, a 9.5% increase year-over-year, and core revenue growth of 16.0%. Net income attributable to shareholders was $84.9 million, or $0.30 per diluted share. The company's Adjusted EBITDA was $166.0 million, representing a margin of 18.6%.

Gates Industrial reported net sales of $860.7 million, a slight decrease of 0.2% year-over-year, but with a core revenue growth of 7.6%. Net income attributable to shareholders was $51.9 million, or $0.18 per diluted share. Adjusted Net Income was $89.4 million, or $0.31 per diluted share. The company is updating its full-year 2022 outlook to reflect the impact of foreign currency translation, supply chain challenges, and inflation.

Gates Industrial reported Q2 2022 results with net sales of $906.8 million, a slight decrease of 0.9% year-over-year, but included core revenue growth of 3.6%. Net income attributable to shareholders was $53.1 million, or $0.19 per diluted share, while Adjusted Net Income was $90.2 million, or $0.32 per diluted share. The company is updating its full-year 2022 outlook to reflect current market conditions, expecting core revenue growth in the range of 6% to 9%.

Gates Industrial reported excellent Q3 2021 results, with net sales up 21.1% and core revenue growth of 19.0%. The company achieved record third-quarter revenue and earnings, driven by strong demand in industrial end markets. Adjusted EBITDA increased by 31.4%, and net leverage was reduced to 2.7x.

Gates Industrial reported a strong second quarter with net sales up 58.7% and core revenue growth of 51.0%. Net income attributable to shareholders was $96.9 million, or $0.33 per diluted share. Adjusted EBITDA increased by 159.6% to $216.0 million, with a margin of 23.6%. The company raised its full-year 2021 guidance.

Gates Industrial reported a strong first quarter in 2021, with net sales up 24.1% and core revenue growth of 21.0%. Net income attributable to shareholders increased by 89.0% to $67.3 million, or $0.23 per diluted share. The company is raising its 2021 guidance for core revenue growth and Adjusted EBITDA margin expansion.

Gates Industrial reported a 9.4% increase in net sales, including an 8.6% core revenue growth. The company's net income attributable to shareholders was $24.3 million, or $0.08 per diluted share, and adjusted net income was $57.7 million, or $0.20 per diluted share. Adjusted EBITDA margin expanded by 190 basis points, and free cash flow reached $159.7 million.

Gates Industrial reported net sales of $712.2 million, a decrease of 4.6% compared to the prior-year period. Net income attributable to shareholders was $41.9 million, or $0.14 per diluted share, compared to $35.5 million, or $0.12 per diluted share in the prior-year period. Adjusted Net Income was $75.8 million, or $0.26 per diluted share. The company highlighted strong third-quarter results driven by momentum and focused execution, with demand trending positively and significant sequential improvement across all geographies and end markets.

Gates Industrial reported a decrease in net sales by 28.8% to $576.5 million, with a net loss attributable to shareholders of $22.4 million, or $0.08 per diluted share. Adjusted EBITDA was $83.2 million, representing 14.4% of net sales.

Gates Industrial's first-quarter net sales decreased by 11.8% year-over-year to $710.1 million, with a core revenue decline of 10.1%. Net income attributable to shareholders was $35.6 million, or $0.12 per diluted share, compared to $613.7 million, or $2.08 per diluted share in the prior year. Adjusted EBITDA was $120.8 million, representing 17.0% of net sales. The company withdrew its full-year 2020 core revenue and Adjusted EBITDA guidance due to the uncertain impact of the COVID-19 pandemic.

Gates Industrial reported Q4 2019 net sales of $725.7 million, a decrease of 8.4% compared to the prior-year period. Net income attributable to shareholders was $19.4 million, or $0.07 per diluted share, compared to $75.6 million, or $0.26 per diluted share, in the prior-year period. Adjusted Net Income was $56.5 million, or $0.19 per diluted share.