Record Adjusted EBITDA Margin
Gates achieved a record third-quarter adjusted EBITDA margin of 22.9%, an increase of 90 basis points year-over-year.
Net Leverage Improvement
The company's net leverage ratio declined to 2.0x, a reduction of 0.4x compared to last year's third quarter, with expectations to reduce it further by year-end.
Personal Mobility Growth
The Personal Mobility segment reported year-on-year growth exceeding 20%, contributing significantly to overall performance.
Updated 2025 Guidance
Gates raised its adjusted EPS midpoint to $1.50 per share and maintained its full-year 2025 adjusted EBITDA midpoint of $780 million.
New Share Repurchase Authorization
The Board approved a new $300 million share repurchase authorization, replacing the prior authorization.