Gates Q1 net sales $847.6M (-1.7%), adjusted EPS $0.36; reaffirms 2025 guidance

Gates Industrial Corp plc

2025-Q1 EPS reported $0.24 revenue$847,600,000

Net income $62.0M ($0.24 diluted EPS); adjusted diluted EPS $0.36.
Adjusted EBITDA $187.3M (22.1% margin); core revenue grew 1.4%.
Power Transmission segment net sales $527.2M (-1.1% reported, +2.1% core); Fluid Power $320.4M (-2.9%, +0.1% core).
Full-year 2025 guidance reaffirmed: core sales growth (-0.5% to +3.5%), adjusted EBITDA $735-795M, adjusted EPS $1.36-1.52.
CEO cited strong Auto Replacement and Personal Mobility volumes; margin improved YoY.

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