Earnings summaries and quarterly performance for Gates Industrial Corp.
Executive leadership at Gates Industrial Corp.
Ivo Jurek
Detailed
Chief Executive Officer
CEO
Brooks Mallard
Detailed
Executive Vice President, Chief Financial Officer
Cristin Bracken
Detailed
Executive Vice President, Chief Legal Officer and Corporate Secretary
Gwen Montgomery
Detailed
Executive Vice President, Chief Human Resources Officer
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
10 questions for GTES
Also covers: AME, ATKR, CARR +20 more
Jeffrey Hammond
KeyBanc Capital Markets
10 questions for GTES
Also covers: AOS, ETN, GGG +18 more
Julian Mitchell
Barclays Investment Bank
10 questions for GTES
Also covers: AIRJ, ALLE, AME +26 more
Nigel Coe
Wolfe Research, LLC
10 questions for GTES
Also covers: AME, CARR, CNM +27 more
Michael Halloran
Baird
8 questions for GTES
Also covers: AOS, CXT, DOV +19 more
David Raso
Evercore ISI
7 questions for GTES
Also covers: CAT, CMI, CNH +11 more
Zach Walljasper
UBS Group AG
5 questions for GTES
Andrew Kaplowitz
Citigroup
2 questions for GTES
Also covers: ACM, AOS, APG +29 more
Andy Kaplowitz
Citigroup Inc.
2 questions for GTES
Also covers: ACM, APG, ATKR +9 more
Christopher Snyder
Morgan Stanley
2 questions for GTES
Also covers: ALH, ALLE, AME +20 more
Damian Karas
UBS
2 questions for GTES
Also covers: ALH, AOS, CGNX +14 more
Tomo Samuel
JPMorgan Chase & Co.
2 questions for GTES
Clay Williams
Goldman Sachs
1 question for GTES
Also covers: AGCO, MTW, URI
Jerry Revich
Goldman Sachs Group Inc.
1 question for GTES
Also covers: AGCO, ALSN, ATMU +28 more
Stephen Volkmann
Jefferies
1 question for GTES
Also covers: AGCO, CARR, CAT +20 more
Recent press releases and 8-K filings for GTES.
Gates Corporation Discusses Midterm Targets and Growth Strategies
GTES
Guidance Update
New Projects/Investments
Share Buyback
- Gates Corporation is targeting an Adjusted EBITDA margin of 22.5% for 2025, with plans to reach 23.5% by the second half of 2026 and over 24% by 2027, driven by material cost-out programs and restructuring efforts.
- The company has increased its total addressable market for liquid cooling in data centers to over $2 billion and aims to grow revenue from this segment to $100-$200 million by 2028, up from less than $10 million currently.
- Gates expects its mobility business to achieve a 30% CAGR over the medium term, targeting $300-$400 million in revenue within the next two to three years, with margins that are at or accretive to the company average.
- The company plans to deploy an additional $300 million in share buybacks, continue reducing debt, and pursue strategic bolt-on M&A opportunities.
- Management anticipates a positive inflection in diversified industrial and construction end markets in 2026, while expecting continued struggles in oil and gas and agriculture.
Dec 3, 2025, 7:10 PM
Gates Provides Update on 2024 Performance, Growth Drivers, and Capital Allocation
GTES
Guidance Update
Revenue Acceleration/Inflection
Share Buyback
- Gates reported approximately $3.4 billion in global revenues for full year 2024, achieving an adjusted EBITDA margin well above 22% and ROIC solidly above 20%. In Q3, revenues grew 3% (core 2%) with a 90 basis point year-over-year increase in adjusted EBITDA margin.
- The company is focused on secular growth drivers, including personal mobility (e-bikes, e-scooters) expected to grow 30% compound annually through 2028, and an emerging data center liquid cooling business projected to generate $100-$200 million in revenue by 2028. These initiatives are anticipated to add approximately 200 basis points of outgrowth.
- Gates expects to achieve an adjusted EBITDA margin of approximately 22.5% by the end of 2025, with an additional 150 basis points of structural margin improvement anticipated into 2027 from footprint optimization and material cost reductions. The industrial economy is expected to turn in 2026, driving positive core growth for the business.
- With a strong balance sheet at two times net leverage (targeting below two times by year-end), Gates has authorized a new $300 million share buyback to be fully utilized in the next 12 months and plans to pursue bolt-on M&A activity.
Nov 12, 2025, 9:30 PM
GTES Reports Q3 2025 Results and Updates Mid-Term Targets
GTES
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Gates (GTES) reported strong Q3 2025 results with revenue of $856M (+3% YoY), an Adjusted EBITDA Margin of 22.9% (+90 BPS YoY), and Adjusted EPS of $0.39 (+18% YoY). For the full year 2024, the company achieved revenue of $3.4B, Adjusted EBITDA of $761M, Adjusted ROIC of 24.0%, and Adjusted EPS of $1.39. The net leverage ratio improved to 2.0x as of LTM Q3 2025.
- The company has updated its mid-term Adjusted EBITDA Margin targets, aiming for 22.5% in 2025E and 24.5%+ in 2027E, an increase from 20.9% in 2023A.
- Strategic growth initiatives include Personal Mobility, anticipated to grow at a ~30% CAGR through 2028 with 2025E Mobility Revenue of ~$125M and an open opportunity pipeline of ~$300M. Data Center applications are expected to support an incremental ~$100M to ~$200M revenue opportunity by 2028. End markets are anticipated to recover in 2026.
Nov 12, 2025, 9:30 PM
Gates Launches Data Master™ Eco Liquid Cooling Solution
GTES
Product Launch
New Projects/Investments
- Gates Corporation (NYSE: GTES) has launched Data Master™ Eco, a next-generation liquid cooling solution designed for hyperscale data centers and high-performance computing (HPC) conditions.
- This new solution aims to maximize uptime, reduce environmental impact, and meet complex AI-enabling, data center-centric operating environment requirements.
- The Data Master™ Eco features a halogen-free design and an advanced curing manufacturing method that is expected to cut energy use by approximately 75% compared to alternatives, eliminating natural gas, water, and steam.
- The product is 15% lighter, flexible, and ultra-clean, and expands Gates' Data Center Solutions portfolio of Open Compute Project-aligned (OCP) liquid-cooling components.
- CEO Ivo Jurek stated that Data Master Eco and the broader Data Center Solutions portfolio underscore Gates' strategy to lead in high-value, high-growth markets, particularly in advanced thermal-management solutions for AI-enabled data centers.
Nov 11, 2025, 2:00 PM
GTES Reports Q3 2025 Results, Raises EPS Guidance, and Authorizes Share Repurchase
GTES
Earnings
Guidance Update
Share Buyback
- Gates reported Q3 2025 total sales of $856 million, with core revenue growth of 1.7%, and achieved a record third-quarter adjusted EBITDA margin of 22.9%, resulting in $196 million in adjusted EBITDA and $0.39 adjusted EPS.
- The company updated its 2025 guidance, raising the adjusted EPS midpoint to $1.50 per share (from a range of $1.48 to $1.52 per share) and maintaining the adjusted EBITDA midpoint at $780 million (from a range of $770 million to $790 million), while slightly lowering the core sales growth outlook midpoint to 1%.
- Gates' net leverage ratio declined to 2.0 turns at the end of Q3 2025, a 0.4-turn reduction year-over-year, and the company is on pace to reduce it to under two times by year-end.
- The board approved a new $300 million share repurchase authorization that expires at the end of 2026, replacing a prior authorization with over $100 million remaining.
- Despite mixed industrial demand conditions, personal mobility continued strong growth, exceeding 20% year-on-year, and the company is optimistic about demand stabilization and improvement in most end markets by 2026.
Oct 29, 2025, 3:30 PM
Gates Reports Q3 2025 Financial Results and Updates Full-Year Guidance
GTES
Earnings
Guidance Update
Share Buyback
- Gates reported Q3 2025 Net Sales of $856 million, Adjusted EBITDA of $196 million, and Adjusted Earnings per Share of $0.39, marking an 18% year-over-year growth. The Adjusted EBITDA margin reached a record 22.9% for a Q3.
- For full-year 2025, the company updated its guidance, reiterating the Adjusted EBITDA midpoint while slightly reducing core sales growth to 0.5% to 1.5% and Free Cash Flow conversion to 80-90%, but increasing Adjusted EPS to $1.48 - $1.52.
- Net leverage declined to 2.0x in Q3 2025, and Gates announced a new $300 million share repurchase program.
Oct 29, 2025, 3:30 PM
Gates Industrial Corporation plc Announces Q3 2025 Results and Updates 2025 Guidance
GTES
Earnings
Guidance Update
Share Buyback
- Gates Industrial Corporation plc (GTES) reported Q3 2025 core revenue growth of 1.7% to $856 million, achieving a record 22.9% Adjusted EBITDA margin and $0.39 Adjusted EPS, an 18% increase year-over-year.
- The company updated its 2025 guidance, raising the Adjusted EPS midpoint to $1.50 per share while maintaining the Adjusted EBITDA midpoint at $780 million and trimming the core sales growth outlook to 1%.
- A new $300 million share repurchase authorization was approved, expiring at the end of 2026, and the net leverage ratio declined to 2.0 turns after $100 million of gross debt was paid down.
- Restructuring plans, including factory closures and an ERP system conversion by mid-2026, are projected to unfavorably impact Q1 2026 Adjusted EBITDA margin by 100-200 basis points but are expected to result in a 23.5% Adjusted EBITDA run-rate in H2 2026.
- Key growth drivers include personal mobility, which grew over 20% year-on-year in Q3 2025 and is anticipated to grow 30% compound annually between 2025 and 2028, and an expanding data center opportunity with a pipeline exceeding $150 million.
Oct 29, 2025, 3:30 PM
GTES Reports Strong Q3 2025 Results, Raises EPS Guidance, and Announces Share Repurchase
GTES
Earnings
Guidance Update
Share Buyback
- Gates Industrial Corporation plc reported Q3 2025 adjusted EPS of $0.39, an 18% increase year-over-year, and adjusted EBITDA of $196 million, achieving a record Q3 margin rate of 22.9%. Total sales were $856 million, with core revenue growing 1.7%.
- The company updated its full-year 2025 guidance, raising the adjusted EPS midpoint to $1.50 per share and maintaining the adjusted EBITDA midpoint at $780 million. The core sales growth outlook was slightly lowered to a midpoint of 1%.
- Net leverage declined to 2.0 turns at the end of Q3 2025, with the company on pace to reduce it to under two times by year-end. A new $300 million share repurchase authorization was approved, replacing the prior authorization.
- Restructuring plans, including factory closures and an ERP system conversion, are expected to incur $30 million to $35 million in one-time costs in H1 2026, impacting adjusted EBITDA margin by 100 to 200 basis points in Q1 2026 and 25 to 75 basis points in Q2 2026. These initiatives are projected to result in a 23.5% adjusted EBITDA run-rate in H2 2026 and nearing 24% exiting 2026.
Oct 29, 2025, 3:30 PM
Gates Industrial Reports Third-Quarter 2025 Results and Announces Share Repurchase
GTES
Earnings
Guidance Update
Share Buyback
- Gates Industrial Corporation plc reported third-quarter 2025 net sales of $855.7 million, an increase of 3.0% compared to the prior-year period.
- Net income attributable to shareholders was $81.6 million, or $0.31 per diluted share, with Adjusted Net Income per diluted share at $0.39.
- The company announced a new $300 million share repurchase authorization and raised its 2025 adjusted EPS guidance at the midpoint.
- Adjusted EBITDA for Q3 2025 was $195.8 million, representing a 22.9% margin, an increase of 90 basis points.
Oct 29, 2025, 12:04 PM
Gates Industrial Corporation plc Reports Third-Quarter 2025 Results
GTES
Earnings
Guidance Update
Share Buyback
- Gates Industrial Corporation plc reported net sales of $855.7 million for the third quarter ended September 27, 2025, marking a 3.0% increase compared to the prior-year period, with core sales growth of 1.7%.
- For the third quarter, net income attributable to shareholders was $81.6 million, or $0.31 per diluted share, while Adjusted Net Income per diluted share was $0.39. Adjusted EBITDA for the quarter reached $195.8 million, representing a 22.9% margin.
- The company updated its full-year 2025 guidance, projecting core sales growth of +0.5% to +1.5%, Adjusted EBITDA between $770 million and $790 million, and Adjusted Earnings Per Share in the range of $1.48 to $1.52.
- Gates Industrial's Board of Directors authorized a new $300 million share repurchase program, valid through December 2026, which replaces the existing authorization.
Oct 29, 2025, 12:00 PM
Quarterly earnings call transcripts for Gates Industrial Corp.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more