Gates Industrial reports Q3 sales growth and raises 2026 adjusted EPS guidance
Gates Industrial reported third-quarter results on October 30, 2026, with net sales of $903.6 million, up 5.6% from the prior-year period and including 5.5% core sales growth. Profit available to common shareholders was $86.5 million, or $0.34 per diluted share, while adjusted earnings per share were $0.47. The company raised its full-year 2026 adjusted EBITDA guidance to $809M-$823M and adjusted EPS guidance to $1.66-$1.72.
Why it matters
The higher full-year ranges improve Gates Industrial's stated earnings outlook, although the guidance remains subject to the company's forward-looking risks. Management said industrial demand strengthened, with North American growth accelerating and the global book-to-bill ratio remaining above 1x.
Key facts
- 1Third-quarter net sales were $903.6 million, up 5.6% year over year, including 5.5% core sales growth. prnewswire.com
- 2Adjusted EBITDA was $215.4 million, representing a 23.8% margin. prnewswire.com
- 3Adjusted earnings per share were $0.47 for the quarter. prnewswire.com
- 4The company raised full-year 2026 adjusted EBITDA guidance to $809M-$823M. rttnews.com
- 5The company raised full-year 2026 adjusted EPS guidance to $1.66-$1.72. rttnews.com
- 6The global book-to-bill ratio remained above 1x during the quarter. finance.yahoo.com
Open questions
- Material 12 reports third-quarter net income of $91.4M, while the primary release reports $86.5 million attributable to shareholders; the materials do not clearly establish whether these figures use different accounting bases.
Summary written by AlphAI AI Desk from 14 of 15 sources. Not investment advice. Figures are as stated by the linked sources.