Business
Gates Industrial Reports Second-Quarter 2025 Results
Gates Industrial Corporation plc (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the second quarter ended June 28, 2025.
About this update from Gates Industrial Corporation Plc
[{"type":"text","content":"DENVER, July 30, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the second quarter ended June 28, 2025.","length":257,"tagName":"p"},{"type":"image","alt":"Gates Industrial Corporation","displaySize":"","headline":null,"caption":"Gates Industrial Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":226,"url":"https://media.zenfs.com/en/prnewswire.com/f9e6c8fd66875c8b3641665169781205"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/L8drmGWd6vGQlPRxCqQS9A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f9e6c8fd66875c8b3641665169781205","width":400,"height":226}},"href":"https://mma.prnewswire.com/media/477169/Gates_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Second-Quarter 2025 Financial Summary","length":37,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Second-quarter net sales of $883.7 million, down 0.2% compared to the prior-year period, including core sales decline of 0.6%.","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income attributable to shareholders of $56.5 million, or $0.22 per diluted share.","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted Net Income per diluted share of $0.39.","length":47,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income from continuing operations of $63.4 million, or a margin of 7.2%.","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $199.2 million, or a margin of 22.5%.","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Raising 2025 full-year guidance.","length":32,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":422,"olType":false},{"type":"text","content":"Ivo Jurek, Gates Industrial's Chief Executive Officer, commented, "In the second quarter, our team delivered solid results. The Replacement channels generated positive core sales growth and our Mobility business increased double-digits. Also, we realized growth in Agriculture for the first time since the fourth quarter of 2022. Our gross margin expanded and our balance sheet continued to improve."","length":414,"ta...