Gates Industrial raises full-year earnings guidance and projects adjusted EBITDA margins above 23.5% for the second half of 2026.
Gates Industrial Corporation Ltd. (GTES) increased its full-year 2026 earnings per share guidance to a range of $1.62 to $1.70, up from prior expectations. The company also signaled adjusted EBITDA margins exceeding 23.5% for the second half of 2026 during its Q2 earnings call.
Second-quarter sales grew approximately 7%, with core revenue up 4.9%, aligning near the high end of guidance. The upward revision reflects strong operational performance and revenue growth in the quarter.
Management attributed the improved outlook to robust demand and execution, though no immediate market reaction was detailed in the update.