$GTES

Gates Industrial Corporation (GTES) launched the IntraLogix™ LRB-100, a durable polyurethane live roller belt for warehouse automation. The product aims to reduce maintenance and downtime, with tests showing longer belt life, less elongation, and greater abrasion resistance. The company sees growth in warehouse automation driven by e-commerce. LRB-100 is available in the U.S. with international rollout planned.

Timken (TKR) completed the sale of its belts business to Gates (GTES). The divestiture is expected to improve Timken's adjusted EBITDA margins and be accretive to EPS in 2027. Proceeds will support capital allocation priorities. Timken aims to focus on core competencies in advanced motion technology.

Wolfe Research analyst Nigel Coe said electrical equipment stocks saw strong Q2 2026 results, with core growth around 6%, orders up 19%, and book-to-bill at 1.16x. AI-related end markets grew 15% to 20%. Wolfe rates Gates Industrial (GTES) Outperform, $33 target, and Dover (DOV) Outperform, $267 target, citing earnings and margin visibility into FY2027.

Gates Industrial (GTES) reported Q2 2026 core sales up 4.9% y/y and adjusted EBITDA margin of 22.5%, and raised its full-year outlook. Power Transmission and Fluid Power sales grew, but South America core sales fell 10.6% y/y. GTES trades at 16.53x forward earnings and has net leverage of 1.8x. It plans to acquire Timken’s industrial belts business in Q3 2026.

Zhang Peifang sold 6,000 shares of Gates Industrial Corp Ltd. (GTES) at $28.62 ($0.17M total) on 2026-08-06.

Zhang Peifang sold 11,000 shares of Gates Industrial Corp Ltd. (GTES) at an average of $29.65 ($29.56–$29.76, $0.33M total) across 2 trades over 2026-08-04 to 2026-08-05.

Gates Industrial reported Q2 adjusted EPS of 44 cents, above the 41-cent estimate, and sales of $941.6 million versus $926.1 million. It lifted FY2026 adjusted EPS guidance to $1.62-$1.70 and sales guidance to $3.519-$3.587 billion. Analysts at Baird, Keybanc, and Wells Fargo raised price targets after the results.

Simply Wall St reports Gates Industrial (GTES) shares rose 8.5% to $27.98 after Q2 results. The article cites Q2 sales of $942.0m, net income (excl. items) $72.1m, EPS $0.44, and adjusted EBITDA margin of 22.5%. Management guided full-year margin higher and targets at least 23.5% in H2.

Gates Industrial Corp. (GTES) reported Q2 earnings of $170.9 million, or 67 cents per share. Adjusted earnings were 44 cents per share, and revenue was $941.6 million. The company forecast full-year earnings of $1.62 to $1.70 per share.

Gates Corporation (NYSE:GTES) reported Q2 CY2026 results. Revenue rose 6.6% year on year to $941.6 million, exceeding Wall Street estimates by 1.7%. Non-GAAP adjusted EPS was $0.44, up from $0.39, beating consensus by 5.8%. Analysts expect full-year EPS to rise 15% to $1.79 from $1.56.