GTES reports Q2 EPS of $0.44 and revenue of $941.6M, exceeding estimates and prompting higher full-year guidance.
Gates Industrial reported Q2 non-GAAP earnings per share of $0.44, topping estimates by $0.02, as revenue rose 6.6% year-over-year to $941.6M. The company also posted adjusted EBITDA of $211.4 million, reflecting a 22.5% margin.
The results surpassed consensus expectations, with revenue exceeding estimates by $16.19M. The company’s performance in the quarter drove an upward revision to its 2026 financial outlook.
Gates Industrial did not disclose immediate market reactions in the release.