$GTES

D.A. Davidson reduced its price target for Gates Industrial (GTES) to $27 from $29, citing a 13.5x multiple on its 2027 EPS forecast of $2.00. The firm sees the recent sell-off as overdone and expects investor day to provide a positive catalyst. GTES reported Q3 earnings beating estimates, with revenue of $903.6M and adjusted EPS of $0.47. Wells Fargo also lowered its target to $28, citing margin concerns.

Wells Fargo reduced its price target for Gates Industrial (GTES) to $28 from $30, citing concerns over margin outlook despite strong Q3 results. GTES reported record EBITDA, gross margin, and revenue of $903.6M, but shares fell 11% post-earnings due to below-consensus Q4 guidance.

Gates Industrial (GTES) reported Q3 2026 earnings with adjusted EPS of $0.47 on revenue of $903.6M, beating estimates. Shares fell 9.22% on margin concerns. Sales grew 5.5%, EBITDA margin hit 23.8%. Management raised full-year EPS guidance to $1.66-$1.72. Growth driven by industrial demand, with strong regional performance in North America and APAC.

Gates Industrial Corp Ltd. (GTES) filed an SEC Form 8-K — Results of Operations and Financial Condition. Gates Industrial Reports Third-Quarter 2026 Results Denver, CO, October 30, 2026 Third-Quarter 2026 Financial Summary ◦ Third-quarter net sales of $903.6 million , up 5.6% compared to the prior-year period, including a core sales increase of 5.5%. ◦ Net income attributable to sha

Gates Industrial Corp (GTES) reported Q3 2026 net sales of $904M, up 5.6% YoY, with net income of $86M. Adjusted EPS was $0.47. The company raised its 2026 guidance for profitability and adjusted EPS, citing strong execution and growth in key channels. CEO Ivo Jurek highlighted mid-single-digit sales growth and increased gross profit margins.

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.