In Q1 FY2026 (ended March 28, 2026), Gates Industrial reported revenue of $851.1 million, up 41.3% year-over-year. Net income was $59.7 million, down 3.7% from the prior year, while operating income fell 12.6% to $109.9 million. Diluted EPS decreased 4.2% to $0.23. The company held $785.3 million in cash, with total equity of $3.37 billion and long-term debt of $2.23 billion.
•Revenue increased 41.3% YoY to $851.1 million.
•Net income declined 3.7% YoY to $59.7 million.
•Diluted EPS fell 4.2% to $0.23.
•Cash and equivalents stood at $785.3 million; long-term debt was $2.23 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Gates Industrial Corporation manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China.
Its business is organized into two segments, Power Transmission and Fluid Power. The company offers solutions for stationary and mobile drives, engine systems, and personal mobility application platforms. Its portfolio also includes elastomer drive belts, asynchronous and synchronous belts
Including V-belts, continuously-variable transmission belts, and Micro-V belts, metal drive components, such as tensioners, idlers, pulleys, sprockets, mechanical water pumps, and accessories used in belt drive systems, and kits for the automotive replacement channel
Fluid power solutions for stationary and mobile hydraulics, vehicle systems, and industrial application platforms. Its portfolio also includes hydraulics comprising hoses, tubing, couplings, and fittings, as well as assemblies, thermal and emissions management and related products, and industrial hoses
Including data center pumps. Its products serve applications across various markets, including diversified industrial applications comprising automated manufacturing, logistics systems, and data centers.
Its portfolio also includes everyday consumer applications consisting of printers, power washers, automatic doors, and vacuum cleaners, industrial off-highway, such as construction and agriculture, industrial on-highway commercial vehicles including heavy-duty trucks and buses, energy and resources markets, such as oil, gas, and mining, and personal mobility
Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions. Its business is organized into two segments: Power Transmission and Fluid Power. The company offers solutions for stationary and mobile drives, engine systems, and personal mobility applications. Its product portfolio includes elastomer drive belts, such as V-belts, continuously-variable transmission belts, and Micro-V belts, as well as metal drive components like tensioners, idlers, pulleys, sprockets, and mechanical water pumps. In fluid power, it provides hoses, tubing, couplings, fittings, assemblies, thermal and emissions management products, and industrial hoses including data center pumps. These products serve diverse markets including automated manufacturing, logistics, data centers, construction, agriculture, and commercial vehicles.
Where is Gates Industrial Corporation (GTES) listed and what currency is used?
Gates Industrial Corporation plc is listed on the New York Stock Exchange (NYSE) under the ticker symbol GTES. The company's financial reporting is in US Dollars (USD). As a US-based company with a global presence, its shares trade in USD on the NYSE, providing investors with access to its stock in the major US equity market.
What sector and industry does Gates Industrial Corporation (GTES) operate in?
Gates Industrial Corporation plc operates in the Industrials sector, specifically within the Specialty Industrial Machinery industry. This classification reflects the company's focus on manufacturing specialized machinery components, particularly power transmission and fluid power systems. As a specialty industrial machinery company, Gates produces engineered components used in a wide range of industrial applications, from automated manufacturing and logistics to construction and agriculture equipment.
What geographic markets does Gates Industrial Corporation (GTES) serve?
Gates Industrial Corporation plc serves a broad global market, with operations in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China. This extensive geographic reach allows the company to supply its engineered power transmission and fluid power solutions to customers across diverse regions, supporting industries such as automated manufacturing, logistics, data centers, construction, agriculture, and commercial vehicles worldwide.
How does Gates Industrial Corporation (GTES) generate revenue?
Gates Industrial Corporation plc generates revenue through the manufacture and sale of engineered power transmission and fluid power solutions. The company operates in two segments: Power Transmission and Fluid Power. In Power Transmission, it sells elastomer drive belts (including V-belts, CVT belts, and Micro-V belts), metal drive components (tensioners, idlers, pulleys, sprockets, water pumps), and kits for automotive replacement. In Fluid Power, it offers hoses, tubing, couplings, fittings, assemblies, thermal and emissions management products, and industrial hoses such as data center pumps. These products are sold to customers in diversified industrial applications (automated manufacturing, logistics, data centers), consumer applications (printers, power washers, automatic doors, vacuum cleaners), and industrial off-highway and on-highway commercial vehicles.
Including scooters, motorcycles, bicycles, all-terrain vehicles, and snowmobiles. It sells its products under the Gates brand. The company offers its products to aftermarket channel customers and OEMs. Founded in 1911, Gates Industrial Corporation is headquartered in Denver, Colorado.