Gates Industrial Lifts 2026 Guidance as Q3 Sales Rise 5.6% to $903.6M
DENVER – October 30, 2026 -- Gates Industrial Corporation (NYSE: GTES) raised its full-year 2026 guidance after third-quarter net sales climbed 5.6% to $903.6 million, with core sales up 5.5%.
Adjusted EBITDA margin reaches 23.8% on $215.4 million
Adjusted EBITDA for the quarter ended September 26 came to $215.4 million. Net income from continuing operations was $91.6 million, a 10.1% margin. Net income attributable to shareholders was $86.5 million, or $0.34 per diluted share, while Adjusted Net Income per diluted share was $0.47.
Industrial OEM sales grow high-teens as aftermarket accelerates
CEO Ivo Jurek said the team "executed well" in the quarter, producing mid-single-digit sales growth and a significant gross profit margin increase over the prior-year period. Sales in the Industrial OEM channel rose high-teens year over year. Growth in the Industrial Aftermarket channel accelerated from the previous quarter.