Gates Industrial Q1 revenue flat at $851M, core down 2.9%; guidance reiterated

Gates Industrial Corp plc

2026-Q1 EPS reported $0.23 revenue$851,100,000

Net sales $851.1M (+0.4% YoY); core revenue declined 2.9%.
Net income attributable $59.7M ($0.23 diluted EPS); adjusted EPS $0.35.
Adjusted EBITDA $177.4M (20.8% margin); Power Transmission 21.0%, Fluid Power 20.6%.
FY2026 guidance maintained: core growth 1-4%, Adj EBITDA $775-835M, Adj EPS $1.52-$1.68.
CEO cites solid order rates, book-to-bill above 1, new ERP system in Europe.

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