Accessibility StatementSkip Navigation DENVER, Nov. 4, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that the Company will participate in the Baird 2025 Global Industrial Conference in Chicago, Illinois on Wednesday, November 12, 2025. Ivo Jurek, Chief Executive Officer, will present at 3:30pm Central time. To access a webcast of the presentation, please visit the Even ...

Core Insights - Gates Industrial Corporation plc will release its third-quarter earnings on October 29, 2025, before market opening [1] - A conference call to discuss the financial results will be held on the same day at 11:30 a.m. Eastern time [1] Company Overview - Gates is a global manufacturer specializing in power transmission and fluid power solutions, offering a wide range of products for various industrial and consumer markets [2] - The company serves diverse replacement channel customers and OEMs, with products utilized in numerous applications across different sectors [2] - Gates operates in over 130 countries, divided into four commercial regions: the Americas, Europe, Middle East & Africa, Greater China, and East Asia & India [2]

Core Insights - Gates emphasizes sustainability as a strategic priority that drives innovation, enhances stakeholder trust, and supports long-term performance [1][2] Governance - The company has strengthened its data governance and cybersecurity protocols to safeguard stakeholder trust and support enterprise-wide initiatives [6] - Gates improved its supplier onboarding process to ensure consistent and responsible practices throughout the supply chain [6] Technology - Gates is redefining product circularity, achieving 100% diversion of rubber waste from landfills at 21 facilities and remanufacturing 32% of rubber scrap in 2024 [6] - The company was awarded 132 patents in 2024, which supports its Eco-Innovation™ efforts to create longer-lasting, lighter, and more sustainable solutions [6] Environment - Gates increased its renewable energy usage by 6% in 2024 through investments in onsite solar and purchasing renewable energy credits [6] Stewardship - The company invested in employee development, with a 160% increase in participants in training and mentorship programs from 2023 [6] - Gates provides an on-demand learning library and on-the-job opportunities to enhance skillsets and contribute to community development [6]

Core Viewpoint - Gates Industrial Corporation reported solid second-quarter results with positive core sales growth in Replacement channels and double-digit growth in Mobility business, alongside a return to growth in Agriculture for the first time since Q4 2022 [2][9] Financial Summary - Second-quarter net sales were $883.7 million, a decrease of 0.2% year-over-year, with core sales declining by 0.6% [9] - Net income attributable to shareholders was $56.5 million, or $0.22 per diluted share, while adjusted net income per diluted share was $0.39 [9][13] - Adjusted EBITDA for the quarter was $199.2 million, representing a margin of 22.5% [9][13] Segment Performance Power Transmission Segment - Net sales for the three months ended June 28, 2025, were $550.1 million, up 1.5% from $541.9 million in the prior year, with a core sales increase of 0.6% [3] - Adjusted EBITDA was $122.8 million, with an adjusted EBITDA margin of 22.3% [3] Fluid Power Segment - Net sales for the three months ended June 28, 2025, were $333.6 million, down 2.9% from $343.6 million in the prior year, with a core sales decline of 2.5% [4] - Adjusted EBITDA was $76.4 million, with an adjusted EBITDA margin of 22.9% [4] Guidance for 2025 - The company raised its full-year guidance for 2025, expecting core sales growth between 0.5% to 2.5% year-over-year, adjusted EBITDA of $765 million to $795 million, and adjusted earnings per share of $1.44 to $1.52 [5][10]

Company Overview - Gates Industrial Corporation plc is a global manufacturer specializing in innovative, highly engineered power transmission and fluid power solutions [2] - The company offers a broad portfolio of products catering to diverse replacement channel customers and OEMs, participating in various sectors of industrial and consumer markets [2] - Gates' products are essential in a wide range of applications across different end markets, including harsh industries and everyday consumer applications, and are sold in over 130 countries [2] Upcoming Earnings Release - Gates Industrial will issue its second-quarter earnings release before the market opens on July 30, 2025 [1] - Management will host a webcast and conference call on the same day at 11:30 a.m. Eastern time to discuss the financial results [1] - An audio replay of the conference call will be available from approximately 2:30 p.m. Eastern time on July 30, 2025, until 11:59 p.m. Eastern time on August 6, 2025 [1][3]

Company Announcement - Gates Industrial Corporation plc has rescheduled its first-quarter 2025 webcast and conference call from 10 a.m. Eastern time to 9 a.m. Eastern time on April 30, 2025 [1] - The access information for the conference call remains unchanged, with an audio replay available from approximately 1:00 p.m. Eastern time on April 30, 2025, until 11:59 p.m. Eastern time on May 7, 2025 [1] Company Overview - Gates is a global manufacturer specializing in innovative, highly engineered power transmission and fluid power solutions [2] - The company offers a broad portfolio of products to diverse replacement channel customers and OEMs, participating in various sectors of industrial and consumer markets [2] - Gates' products are essential in a wide range of applications across different end markets, including harsh industries and everyday consumer applications, and are sold in over 130 countries [2]