Gates Industrial/$GTES

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About Gates Industrial

Gates Industrial Corp Ltd operates as a manufacturer of application-specific fluid power and power transmission solutions. Its product portfolio includes engineered components used in power transmission and fluid power applications across a range of end markets and geographic regions.
Ticker
$GTES
Primary listing
NYSE
Employees
13,000

Gates Industrial Metrics

BasicAdvanced
$6.5B
18.15
$1.41
1.28
-

Bulls say / Bears say

Gates reported Q2 net sales of $941.6 million, up 6.6% year-over-year (core sales up 4.9%), topping consensus by roughly $15 million and reflecting robust demand across its end markets. (SEC EDGAR)
Power Transmission segment net sales rose 7.0% year-over-year in Q2, with adjusted EBITDA margin expanding 60 basis points to 22.9%, underscoring strong operational leverage in its highest-margin business. (SEC EDGAR)
Acquisition of Timken’s belts business announced in May 2026 is expected to contribute about $5 million in monthly revenue, strategically augmenting Gates’ Power Transmission portfolio in North America. (PR Newswire) (Q1 Call Transcript)
The Fluid Power segment’s adjusted EBITDA margin contracted 120 basis points year‐over‐year to 21.7% in Q2, indicating margin pressure from cost inflation and limited pricing power. (SEC EDGAR)
Core sales growth over the six months ended June 27, 2026 was only 1.1%, signaling sluggish recovery in underlying demand outside of the Power Transmission segment. (SEC EDGAR)
First-quarter core sales declined 2.9% year-over-year due to the Europe ERP implementation and two fewer working days, highlighting execution risks from large-scale system integrations. (Q1 Call Transcript)
Data summarised monthly by Lightyear AI. Last updated on 27 Aug 2026.

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