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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 (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.
Gates Industrial (NYSE:GTES) will release its second-quarter 2026 earnings before the market opens on Friday, July 31, 2026. Management will host a webcast and conference call at 10:00 a.m. Eastern time to review the financial results.
Investors can access the live webcast and replay via investors.gates.com or by using the provided domestic and international dial-in numbers and passcodes within specified dates.
Gates Industrial (NYSE: GTES) shareholders approved proposals to redomicile the company from England and Wales to Bermuda, with approximately 99.6% of votes cast in favor.
According to Gates Industrial, the move is expected to enhance capital and strategic flexibility and lower administrative complexity and cost. The effective date is expected to be July 20, 2026, subject to UK court approval and other conditions.
Gates (NYSE:GTES) expanded its bicycle Belt Drive portfolio with three new thermoplastic sprocket families: CRUISE, CRUISE PLUS and COMMUTE. These products target entry-level bikes through urban eBikes, helping OEMs replace chain drivetrains across more applications, price points and rider use cases.
Gates Industrial (NYSE: GTES) will participate in the 19th Annual Wolfe Research Global Transportation & Industrials Conference in New York City on May 19, 2026.
CEO Ivo Jurek will present at 9:45 AM ET. A live webcast will be available via the Events & Presentations section of the Gates Investor Relations website at investors.gates.com.
The Timken Company (NYSE: TKR) has agreed to sell its belts business to Gates Industrial (NYSE: GTES) as part of an 80/20 portfolio strategy to improve profitability. The divestiture is expected to improve adjusted EBITDA margins for Timken's Industrial Motion segment; the deal is expected to close in Q3 2026. Timken will report estimated margin impact at its Investor Day on May 20, 2026. Proceeds are intended to fund the company's capital allocation priorities. Financial terms were not disclosed; the transaction is subject to customary closing conditions.
Gates (NYSE:GTES) agreed to acquire the belts business from The Timken Company (NYSE:TKR), including select manufacturing assets, to expand its North American power transmission presence. Terms were not disclosed. The transaction is expected to close in Q3 2026, subject to customary closing conditions.
Gates and Timken's belts business will operate separately until closing.
Gates Industrial (NYSE:GTES) reported first-quarter 2026 results with net sales of $851.1 million (up 0.4% year-over-year) and net income attributable to shareholders of $59.7 million ($0.23 per diluted share). Adjusted EBITDA was $177.4 million (20.8% margin). The company reiterated full‑year 2026 guidance, including core sales growth of 1%–4%, Adjusted EBITDA of $775M–$835M, adjusted EPS $1.52–$1.68, and capex ~ $120M.
Segment results: Power Transmission net sales $533.2M (Adj. EBITDA $112.0M); Fluid Power net sales $317.9M (Adj. EBITDA $65.4M). The company noted ERP implementation in Europe, solid order rates, and improved operating cash flow.
Gates Industrial (NYSE:GTES) will release first-quarter 2026 results before the market opens on Friday, May 1, 2026. Management will host a webcast and conference call at 10:00 a.m. Eastern the same day to discuss financial results.
Investors can access the call by phone (domestic: (888) 414-4601; international: +1 (646) 960-0313) using Conference ID 5772067, or via live webcast at investors.gates.com. An audio replay will be available from about 1:00 p.m. ET on May 1 through 11:59 p.m. ET on May 8, 2026 (passcode 5772067).