Earnings summaries and quarterly performance for Gates Industrial Corp.
Executive leadership at Gates Industrial Corp.
Ivo Jurek
Detailed
Chief Executive Officer
CEO
BM
Brooks Mallard
Detailed
Executive Vice President, Chief Financial Officer
CB
Cristin Bracken
Detailed
Executive Vice President, Chief Legal Officer and Corporate Secretary
GM
Gwen Montgomery
Detailed
Executive Vice President, Chief Human Resources Officer
TP
Thomas Pitstick
Detailed
Senior Vice President, President Americas
Board of directors at Gates Industrial Corp.
Research analysts who have asked questions during Gates Industrial Corp earnings calls.
Deane Dray
RBC Capital Markets
12 questions for GTES
Also covers: AME, ATKR, CARR +21 more
JM
Julian Mitchell
Barclays Investment Bank
12 questions for GTES
Also covers: AIRJ, ALLE, AME +27 more
NC
Nigel Coe
Wolfe Research, LLC
12 questions for GTES
Also covers: AME, CARR, CNM +29 more
Jeffrey Hammond
KeyBanc Capital Markets
10 questions for GTES
Also covers: AOS, ETN, GGG +19 more
DR
David Raso
Evercore ISI
9 questions for GTES
Also covers: CAT, CMI, CNH +12 more
MH
Michael Halloran
Baird
8 questions for GTES
Also covers: AOS, CXT, DOV +19 more
ZW
Zach Walljasper
UBS Group AG
5 questions for GTES
Andy Kaplowitz
Citigroup Inc.
4 questions for GTES
Also covers: ACM, APG, ATKR +17 more
JR
Jerry Revich
Goldman Sachs Group Inc.
3 questions for GTES
Also covers: AGCO, ALSN, ATMU +28 more
SV
Stephen Volkmann
Jefferies
3 questions for GTES
Also covers: AGCO, CARR, CAT +21 more
Andrew Kaplowitz
Citigroup
2 questions for GTES
Also covers: ACM, AOS, APG +29 more
Christopher Snyder
Morgan Stanley
2 questions for GTES
Also covers: ALH, ALLE, AME +21 more
DK
Damian Karas
UBS
2 questions for GTES
Also covers: ALH, AOS, CGNX +14 more
JH
Jeff Hammond
KeyBanc Capital Markets Inc.
2 questions for GTES
Also covers: MIDD, NDSN, NPO +2 more
MH
Mike Halloran
Robert W. Baird & Co. Incorporated
2 questions for GTES
Also covers: ALH, AOS, CXT +14 more
TS
Tomo Samuel
JPMorgan Chase & Co.
2 questions for GTES
TS
Tomo Sano
J.P. Morgan
2 questions for GTES
Also covers: EXPO, MIR, ROL +1 more
Clay Williams
Goldman Sachs
1 question for GTES
Also covers: AGCO, MTW, URI
Recent press releases and 8-K filings for GTES.
Gates Industrial Corporation Reports Strong Q4, Outlines 2026 Outlook and Strategic Growth
GTES
Earnings
Guidance Update
New Projects/Investments
- Gates Industrial Corporation reported robust Q4 earnings with a book-to-bill of 1.06, indicating strong industrial OEM demand, and anticipates 2026 to be a much better year.
- The company is driving significant growth in Personal Mobility, targeting $300 million in revenues by 2028 with a high twenties to 30% compound annual growth rate (2025-2028), and in Data Centers, where it anticipates a $100 million-$200 million revenue run rate by the exit of 2028 from a $2 billion market opportunity.
- For 2026, Gates projects a level-loaded year with an embedded 2.5% organic growth rate (excluding Q1 headwinds from fewer days and ERP implementation) and normalized 23.5% EBITDA margins, benefiting from $10 million-$15 million in earnings improvement from footprint realignment.
- The company maintains a strong financial position with over $800 million in cash and $200 million in remaining share buyback authorization, while also seeking highly accretive M&A opportunities.
Feb 19, 2026, 3:25 PM
Gates Industrial Corp Sees Green Shoots and Outlines Growth Strategies for 2026
GTES
Revenue Acceleration/Inflection
Guidance Update
Share Buyback
- Gates Industrial Corp (GTES) observes "green shoots" in the industrial OEM sector, with a book-to-bill of 1.06 and cautious optimism for 2026 following over three years of negative industrial economy performance.
- The company projects robust growth in its Personal Mobility and Data Center segments, with Personal Mobility targeting a high twenties, 30% compound annual growth rate between 2025 and 2028 to reach $300 million in revenues by 2028, and Data Center revenue expected to grow from $10 million in 2025 to a $100 million-$200 million run rate by the exit of 2028.
- Strategic operational improvements, including the European ERP rollout being past its "point of maximum risk" and footprint optimization completing by Q2/Q3 2026, are expected to yield $10 million-$15 million in earnings benefit in H2 2026 into 2027.
- For 2026, GTES forecasts a 2.5% organic growth rate (excluding Q1 headwinds) and anticipates exiting the year with EBITDA margins around 23.5% (normalized for ERP impacts).
- With over $800 million in cash and $200 million remaining in buyback authorization, the company plans to lean into share repurchases, while M&A will focus on "highly accretive" and "highly synergistic" opportunities.
Feb 19, 2026, 3:25 PM
Gates Industrial Corp. Sees Industrial Green Shoots and Outlines Strategic Growth and Capital Allocation Plans
GTES
Revenue Acceleration/Inflection
New Projects/Investments
Share Buyback
- Gates Industrial Corp. reported "green shoots" in the industrial OEM sector with a Q4 book-to-bill of 1.06, expressing cautious optimism for 2026 to be a much better year after a prolonged industrial downturn.
- The company is strategically focused on high-growth areas, projecting $300 million in personal mobility revenues by 2028 (with a high 20s to 30% CAGR from 2025-2028) and a $100 million-$200 million run rate in data center revenues by the end of 2028.
- Operational improvements, including a manufacturing footprint realignment expected to complete by Q2/Q3 2026, are anticipated to generate $10 million-$15 million in earnings benefit in H2 2026 into 2027. Despite Q1 2026 headwinds, the company forecasts a 2.5% organic growth rate for the full year and normalized 23.5% EBITDA margins by year-end.
- With a low leverage of 1.8 times and over $800 million in cash, Gates plans to lean into its $200 million share buyback authorization, while also considering highly accretive M&A opportunities.
Feb 19, 2026, 3:25 PM
Gates Industrial Corp Discusses 2026 Outlook, Growth Drivers, and Capital Allocation
GTES
Guidance Update
Revenue Acceleration/Inflection
Share Buyback
- Gates Industrial forecasts 1%-4% organic growth for 2026, anticipating better market conditions than in 2025, driven by strengthening industrial OEM order trends and improved performance in commercial construction and agriculture.
- Key growth areas include Personal Mobility, projected to reach $300 million by 2028 from a $140 million-ish base with a mid-20s to 30% compound annual growth rate, and the emerging Data Center segment, which saw sequential order growth of nearly 400% and year-on-year growth of 700% in 2025, targeting $100 million-$200 million in revenue by 2028.
- The company expects to exit 2026 with an EBITDA margin of 23.5%, targeting 24.5% in 2027, supported by footprint optimization savings of $10 million+ in the second half of 2026 and an additional $10 million in the first half of 2027, despite a temporary 140-150 basis points drag in Q1 2026 from ERP implementation in Europe.
- Gates ended 2025 with a net leverage of 1.85x and over $800 million in cash, returning $105 million to shareholders through buybacks in Q4 2025, and forecasts +90% free cash flow conversion in 2026, indicating increased flexibility for buybacks and M&A.
Feb 18, 2026, 8:30 PM
Gates Industrial Corp Discusses 2026 Outlook and Growth Strategies
GTES
Guidance Update
Revenue Acceleration/Inflection
Share Buyback
- Gates Industrial Corp forecasts 1%-4% organic growth for 2026 and anticipates exiting the year with an Adjusted EBITDA margin of 23.5%, targeting 24.5% in 2027.
- Significant growth is expected from personal mobility, projected to reach $300 million by 2028 from a $140 million base, and the data center segment, aiming for $100 million-$200 million in revenue by 2028.
- The company expects 90%+ free cash flow conversion in 2026 and ended 2025 with net leverage under 2x (1.85x) and over $800 million of cash.
- Capital allocation includes continued share buybacks, with $105 million returned in Q4 2025, and a more aggressive pursuit of bolt-on M&A.
- Q1 2026 is expected to show a 2%-2.5% organic revenue decline and a 140-150 basis points EBITDA margin drag due to fewer business days and European ERP implementation.
Feb 18, 2026, 8:30 PM
Gates Industrial Corp. Provides 2026 Outlook and Strategic Updates
GTES
Guidance Update
New Projects/Investments
Share Buyback
- Gates forecasts 1%-4% organic growth for 2026, anticipating improved industrial OEM markets, commercial construction, and agriculture, with personal mobility and data centers as key drivers.
- The company aims for an Adjusted EBITDA margin of 23.5% by the end of 2026, with a 2027 target of 24.5%, despite a 140-150 basis points drag on Q1 2026 EBITDA margin due to European ERP implementation.
- Strategic growth areas include the personal mobility business, currently $140 million, projected to reach $300 million by 2028, and the data center business, expected to grow to $100 million-$200 million by 2028.
- Gates ended 2025 with over $800 million in cash and a net leverage of 1.85x, forecasting 90%+ free cash flow conversion in 2026, and plans increased share buybacks and more aggressive M&A activity.
Feb 18, 2026, 8:30 PM
Gates Industrial Reports Record 2025 Adjusted Earnings and Provides 2026 Guidance
GTES
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Gates Industrial delivered record adjusted EBITDA dollars and record adjusted EPS of $1.52 in 2025, representing a 9% growth year-over-year, while reducing its net leverage ratio to 1.85x at year-end.
- For Q4 2025, the company reported sales of $856 million with nearly 1% core growth, adjusted EBITDA of approximately $188 million, and adjusted EPS of $0.38, an increase of approximately 7% year-over-year.
- For 2026, Gates Industrial forecasts core sales growth in the range of 1%-4%, adjusted EBITDA between $775 million and $835 million, and adjusted EPS of $1.52-$1.68 per share, reflecting 5% growth at the midpoint. The company enters 2026 with cautious optimism for an industrial demand recovery, with book-to-bill above 1x exiting 2025.
- The personal mobility business exceeded 25% core growth in 2025 and grew 28% year-over-year in Q4, with expectations for continued high growth through 2028. The company also repurchased over $100 million of shares in Q4 2025 and has an increased appetite for logical, non-transformational M&A.
Feb 12, 2026, 3:00 PM
Gates Industrial Corp Reports Record 2025 Adjusted Earnings and Provides 2026 Guidance
GTES
Earnings
Guidance Update
Share Buyback
- Gates Industrial Corp reported record adjusted EPS of $1.52 and record adjusted EBITDA dollars for the full year 2025, achieving nearly 1% core growth and reducing its net leverage ratio to 1.85x.
- In Q4 2025, the company recorded $856 million in sales, $188 million in Adjusted EBITDA, and $0.38 in adjusted EPS.
- For 2026, Gates initiated adjusted EPS guidance of $1.52 to $1.68 per share and projects Q1 2026 revenue between $845 million and $875 million, anticipating a 140 basis point decrease in Q1 Adjusted EBITDA margin due to ERP transition and fewer business days.
- The company repurchased over $100 million of shares in Q4 2025 and reported a book-to-bill ratio above 1x exiting 2025, with positive order trends continuing into January, particularly in the industrial OEM segment.
Feb 12, 2026, 3:00 PM
Gates Industrial Reports Record 2025 Results and Provides 2026 Guidance
GTES
Earnings
Guidance Update
Share Buyback
- Gates Industrial achieved record adjusted EBITDA dollars and a record adjusted EPS of $1.52 for the full year 2025, representing a 9% increase year-over-year.
- The company significantly improved its balance sheet, reaching a record low net leverage ratio of 1.85x at year-end 2025 and repurchasing over $100 million of shares in Q4 2025.
- For Q4 2025, sales were $856 million with nearly 1% core growth, and adjusted EBITDA was $188 million, resulting in an adjusted EBITDA margin of 21.9%.
- Initial 2026 guidance projects core sales growth of 1%-4%, adjusted EBITDA between $775 million and $835 million, and adjusted EPS in the range of $1.52-$1.68 per share.
- Gates anticipates a 100 basis points drag on Adjusted EBITDA margin in the first half of 2026 due to ERP transition and footprint optimization costs, with expected benefits of approximately $10 million in the second half of the year.
Feb 12, 2026, 3:00 PM
Gates Industrial Corp. Reports Record 2025 Adjusted Earnings and Provides 2026 Outlook
GTES
Earnings
Guidance Update
Share Buyback
- Gates Industrial Corp. achieved record adjusted earnings metrics in 2025, with Adjusted EBITDA of $770.1 million and Adjusted EPS of $1.52.
- The company significantly improved its balance sheet in 2025, reaching a record low net leverage ratio of 1.85x and returning capital to shareholders through $100 million of gross debt repayment and ~$120 million in share repurchases.
- For Q4 2025, Gates reported Net Sales of $856 million, Adjusted EBITDA of $188 million, and Adjusted Earnings per Share of $0.38, marking a 7% increase year-over-year in Adjusted EPS.
- Gates provided a full-year 2026 outlook, anticipating core revenue growth of 1% to 4%, Adjusted EBITDA between $775 million and $835 million, and Adjusted EPS ranging from $1.52 to $1.68.
Feb 12, 2026, 3:00 PM
Quarterly earnings call transcripts for Gates Industrial Corp.
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