Gates Industrial Corporation plc (GTES) reports developments as a global manufacturer of engineered power transmission and fluid power solutions. Its Power Transmission products convey power and control motion, while its Fluid Power products include hose and rigid tubing assemblies used to transfer hydraulic power or move fluids, gases and granular materials.
Recurring news covers quarterly and annual operating results, guidance, cash flow, balance sheet commentary, share repurchase activity and investor-conference presentations. Company updates also describe its OEM specified-component business, replacement-channel customers, and sales across the Americas, Europe, Middle East & Africa, Greater China, and East Asia & India.
Gates Industrial (NYSE: GTES) reported third-quarter net sales of $903.6 million, with growth across its Power Transmission and Fluid Power segments. For the quarter ended September 26, 2026, sales rose 5.6% year over year, including 5.5% core growth, which excludes currency movements and applicable first-year acquisition and disposal effects. Shareholder net income increased to $86.5 million from $81.6 million, and diluted earnings rose to $0.34 from $0.31. Adjusted EBITDA, a supplemental profitability measure, was $215.4 million, with a 23.8% margin.
Gates raised its 2026 adjusted earnings guidance to $1.66–$1.72 per share from $1.62–$1.70 and narrowed its adjusted EBITDA range to $809–$823 million, raising the midpoint by $1 million. Nine-month operating cash flow fell to $170.0 million from $208.3 million. Fluid Power's quarterly adjusted EBITDA margin declined to 22.8% from 22.9%.
Gates (GTES) launched IntraLogix LRB-100, a live roller belt for conveyor systems in warehouses and distribution centers. The belt drives rollers that carry packages and other goods, replacing conventional fabric construction with a homogeneous polyurethane design. Gates says the design helps eliminate V-guide delamination and reduce maintenance and downtime.
In testing against conventional belt designs, LRB-100 delivered more than five times longer belt life and approximately 75% less elongation. It joins LRB-45 and LRB-77 in the IntraLogix portfolio and is available in the United States, with international availability to follow.
Gates Industrial (NYSE: GTES) will release its third-quarter 2026 earnings before the market opens on October 30, 2026.
Management will discuss the results in a webcast and conference call that day at 10:00 a.m. Eastern time. An audio replay will be available from approximately 1:00 p.m. Eastern time on October 30 until 11:59 p.m. Eastern time on November 6, 2026.
Timken (TKR) completed the sale of its belts business assets to Gates Industrial (GTES), with financial terms undisclosed. The business makes belts for industrial, commercial and consumer applications.
Timken expects the divestiture to improve the adjusted EBITDA margin of its Industrial Motion segment and add to earnings per share in 2027. The company views the sale as a step toward its 2028 margin targets and says it will allow greater focus on advanced motion technology. Proceeds will help fund Timken's capital allocation priorities.
Gates Industrial (GTES) completed its acquisition of The Timken Company's belts business, including select manufacturing assets.
The acquisition adds manufacturing capacity and customer relationships to Gates' North American power transmission business across industrial original equipment manufacturers, the industrial aftermarket and mobility power sports. Gates is also assuming operational control of a belts manufacturing facility in San Jose Iturbide, Mexico, and adding employees from the acquired business. The company has developed an integration approach and plans to use its in-region manufacturing and distribution footprint to support customers through the transition.
Gates Industrial (GTES) will host a Capital Markets Day for investors, analysts and other stakeholders on Thursday, November 19, 2026, from 9:00 a.m. to 12:30 p.m. Eastern Time at the New York Stock Exchange.
The event will include presentations by CEO Ivo Jurek, CFO Brooks Mallard and other members of the leadership team. A live webcast and presentation materials will be accessible in the Events & Presentations section of the Gates Investor Relations website at investors.gates.com, with a replay available after the webcast.
Gates Industrial (NYSE: GTES) announced that its management will participate in fireside chats at two investor conferences in September 2026. The company will appear at the Jefferies Global Industrials Conference on September 9, 2026, at 1:30 p.m. Eastern time, and at the Morgan Stanley 14th Annual Laguna Conference on September 15, 2026, at 1:50 p.m. Pacific time. CEO Ivo Jurek will present at both events, joined at the Morgan Stanley conference by CFO Brooks Mallard and SVP Investor Relations and Strategy Rich Kwas. Live webcasts will be accessible via the Events & Presentations section of the Gates investor relations website.
Gates (NYSE: GTES) announced that its Gates Belt Drive system powered the first-ever UCI Downhill Mountain Bike World Series victory on a belt-driven bike. Harriet (Hattie) Harnden of AON Racing won in Les Gets, France, earning the €100,000 Gates Belted Purse.
According to Gates, 20 riders competed on bikes equipped with its belt drive, demonstrating the drivetrain’s ability to withstand elite downhill racing. The company stated that insights from this race platform are already informing new product development in durability, power transfer and responsiveness across sport, commuter and micromobility applications.
Gates (NYSE: GTES) released its 2025 Corporate Sustainability Report, outlining progress across its four sustainability pillars: Governance, Technology, Environment and Stewardship. According to the company, it enhanced ESG data governance, review processes and monitoring, and maintained oversight of cybersecurity and enterprise risk in 2025.
Gates reports receiving 67 patents in 2025 tied to efficiency, durability and resource utilization. Environmentally, it states it exceeded its original greenhouse gas target with a 16% reduction in Scope 1 and 2 emissions versus a 2019 baseline, and a 4% cut in total energy use in 2025. In Stewardship, Gates cites a 25% reduction in Total Recordable Incident Rate and a 33% decline in severe injuries versus 2024, alongside continued investment in employee development and community engagement. The full report is available at gates.com/sustainability.
Gates Industrial (NYSE:GTES) reported second-quarter 2026 net sales of $941.6 million, up 6.6% year over year, with core sales up 4.9%. Net income attributable to shareholders was $170.9 million, or $0.67 per diluted share, and net income from continuing operations was $178.2 million, a margin of 18.9%. Adjusted EBITDA reached $211.4 million, giving a 22.5% margin.
Power Transmission segment Q2 net sales were $588.5 million (7.0% growth) with 22.9% adjusted EBITDA margin, while Fluid Power net sales were $353.1 million (5.8% growth) with a 21.7% margin. The company raised full‑year 2026 guidance to 2.5%–4.5% core sales growth, $800–$830 million adjusted EBITDA, and $1.62–$1.70 adjusted EPS. As of June 27, 2026, cash and cash equivalents were $823.5 million and total debt was about $2.23 billion, with operating cash flow of $108.8 million and six‑month share repurchases of $38.7 million.