earnings
confidence high
sentiment positive
materiality 0.70
Gates Industrial Q2 net sales $883.7M (-0.2% YoY); raises FY2025 adjusted EBITDA and EPS guidance
Gates Industrial Corp plc
2025-Q2 EPS reported
$0.45
revenue$1,731,300,000
- Diluted EPS $0.22; adjusted EPS $0.39; adjusted EBITDA $199.2M (22.5% margin).
- Power Transmission segment net sales +1.5% YoY, Fluid Power -2.9%; replacement channels positive.
- Raises FY2025 guidance: core sales +0.5% to +2.5%, adjusted EBITDA $765-795M, adjusted EPS $1.44-$1.52.
- CEO cites Mobility double-digit growth and first Agriculture growth since Q4 2022.
- Free cash flow conversion expected >90%; capex ~$120M.
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