Core Insights - Gates Industrial Corp. (NYSE:GTES) has experienced a significant decline in stock price, dropping 12.86% to close at $22.50 due to a lowered sales growth outlook for 2025 [1][3] - The company revised its core sales growth expectations to a range of 0.5% to 1.5% year-on-year, down from a previous upper estimate of 2.5% [2] - Adjusted EBITDA guidance was also adjusted to a range of $770 million to $790 million, compared to the previous range of $765 million to $795 million [3] Financial Performance - In Q3, Gates Industrial reported a revenue increase of 3% to $855.7 million, up from $830.7 million in the same period last year [4] - Net income attributable to shareholders surged by 71.4% to $81.6 million, compared to $47.6 million year-on-year [4] Management Commentary - CEO Ivo Jurek highlighted improved sales and core growth in Q3, driven by strong performance in Automotive Replacement and Personal Mobility sectors [5] - The company is focused on footprint optimization initiatives and anticipates reducing structural costs in the first half of next year, expressing optimism about mid-term business prospects [6]