Gates Industrial reports Q2 adjusted EPS 39c, consensus 38c

Reports Q2 revenue $883.7M, consensus $875.42M. Ivo Jurek, Gates Industrial’s (GTES) Chief Executive Officer, commented, “In the second quarter, our team delivered solid results. The Replacement channels generated positive core sales growth and our Mobility business increased double-digits. Also, we realized growth in Agriculture for the first time since the fourth quarter of 2022. Our gross margin expanded and our balance sheet continued to improve.” Jurek continued, “We have raised our guidance for full year 2025 Adjusted EBITDA and Adjusted EPS. Our team is focused on driving operating improvements and higher cash flow generation while our investments in key growth initiatives are yielding results. I am more optimistic about our secular top-line growth potential over the mid-term.”