Gates Industrial Corp ( (GTES) ) has released its Q3 earnings. Here is a breakdown of the information Gates Industrial Corp presented to its investors.
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Gates Industrial Corporation plc is a global manufacturer specializing in highly engineered power transmission and fluid power solutions, serving a wide range of industrial and consumer markets with products sold in over 130 countries.
In its third-quarter 2025 earnings report, Gates Industrial announced a 3.0% increase in net sales to $855.7 million compared to the previous year, alongside a notable rise in net income attributable to shareholders, reaching $81.6 million. The company also highlighted a new $300 million share repurchase authorization.
Key financial metrics from the report include a 1.7% core sales growth, an adjusted EBITDA of $195.8 million with a margin of 22.9%, and a significant improvement in net income from continuing operations, which increased by 370 basis points. The Power Transmission segment saw a 3.9% increase in net sales, while the Fluid Power segment experienced a 1.6% rise.
Looking ahead, Gates Industrial has raised its adjusted EPS guidance for 2025 and is optimistic about its mid-term business prospects, driven by ongoing footprint optimization initiatives and secular growth opportunities. The company plans to reduce structural costs and capitalize on revenue generation opportunities in the coming year.