# Gates Raises Earnings Forecast After Sales Increase 5.6%

The industrial supplier reported growth in both operating segments in its October 30 results.

By Will Langan | 24X7 News
Published: 2026-10-30T14:26:16.601Z
Updated: 2026-10-30T14:26:16.601Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/gates-third-quarter-results-october-30-2026

Gates Industrial raised its full-year adjusted earnings forecast on October 30 after reporting third-quarter sales of $903.6 million, a 5.6% increase from a year earlier.

The power-transmission and fluid-power supplier reported net income attributable to shareholders of $86.5 million, or 34 cents a diluted share. Adjusted earnings were 47 cents a share. The adjusted figure is a non-GAAP measure and differs from reported earnings.

Power Transmission sales increased 5.0% to $560.1 million. Fluid Power sales rose 6.5% to $343.5 million. Company-defined core sales, which exclude currency movements and certain acquisition or disposal effects, increased 5.5% overall.

Gates now expects 2026 adjusted earnings of $1.66 to $1.72 a share, compared with its previous $1.62 to $1.70 range. Its adjusted EBITDA forecast narrowed to $809 million–$823 million from $800 million–$830 million, lifting the midpoint by $1 million.

The updated core-sales-growth range is 3.2%–3.8%, with its midpoint unchanged. Capital spending remains approximately $120 million.

The quarter ended September 26. The October 30 announcement reports that completed period and revises management’s outlook; the forecasts do not guarantee future results.

Sources:
Gates — October 30 Results: https://www.prnewswire.com/news-releases/gates-industrial-reports-third-quarter-2026-results-302924519.html

## Sources
- Gates — October 30 Results: https://www.prnewswire.com/news-releases/gates-industrial-reports-third-quarter-2026-results-302924519.html