Gates Industrial (GTES)
Engineered belts and fluid-transfer components for industrial and mobile applications.
$26.05
vs last close+0.59 (+2.34%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 873 | 863 | 863 | 886 | 831 | 829 | 848 | 884 | 856 | 856 | 851 | 942 |
| Cost of revenue | 530 | 526 | 533 | 528 | 495 | 494 | 503 | 524 | 514 | 513 | 511 | 548 |
| Gross profit | 343 | 338 | 330 | 357 | 336 | 335 | 345 | 360 | 342 | 343 | 341 | 394 |
| 218 | 217 | 213 | 224 | 223 | 223 | 220 | 244 | 226 | 206 | 226 | 245 | |
| Research & development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72 | 0 | 0 |
| 213 | 215 | 211 | 221 | 219 | 222 | 218 | 232 | 219 | 206 | 226 | 245 | |
| Selling & marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 0 | 0 |
| General & administrative | 213 | 215 | 211 | 221 | 219 | 222 | 218 | 232 | 219 | 190 | 0 | 0 |
| Other expenses | 5 | 2 | 2 | 4 | 3 | 1 | 2 | 13 | 7 | −72 | 0 | 0 |
| Operating income | 126 | 120 | 117 | 133 | 113 | 113 | 125 | 116 | 115 | 137 | 115 | 148 |
| −39 | −49 | −36 | −43 | −44 | −25 | −31 | −36 | −21 | −66 | −37 | −48 | |
| Interest income | 4 | 8 | 6 | 3 | 3 | 3 | 2 | 3 | 2 | 3 | 2 | 3 |
| Interest expense | 39 | 45 | 41 | 50 | 41 | 39 | 34 | 35 | 41 | 39 | 35 | 36 |
| Other non-operating income | 2 | 13 | 2 | 11 | 11 | −8 | 3 | 9 | −14 | 27 | 0 | 0 |
| Income before tax | 87 | 72 | 81 | 90 | 69 | 88 | 94 | 80 | 95 | 71 | 78 | 100 |
| Income tax expense | 1 | 2 | 35 | 12 | 14 | 47 | 25 | 17 | 6 | 15 | 12 | −78 |
| Net income from continuing operations | 86 | 69 | 46 | 78 | 55 | 41 | 69 | 63 | 89 | 56 | 66 | 178 |
| Discontinued operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −14 | 0 | 0 | 0 |
| Net income | 79 | 63 | 40 | 71 | 48 | 37 | 62 | 57 | 82 | 51 | 60 | 171 |
| EPS, basic | $0.30 | $0.24 | $0.15 | $0.27 | $0.18 | $0.14 | $0.24 | $0.22 | $0.32 | $0.20 | $0.24 | $0.67 |
| EPS, diluted | $0.29 | $0.24 | $0.15 | $0.27 | $0.18 | $0.14 | $0.24 | $0.22 | $0.32 | $0.20 | $0.23 | $0.67 |
| Weighted average shares, basic | 264 | 264 | 263 | 261 | 259 | 263 | 258 | 257 | 255 | 257 | 254 | 254 |
| Weighted average shares, diluted | 268 | 268 | 267 | 267 | 263 | 263 | 262 | 260 | 255 | 259 | 257 | 256 |
| EBITDA | 178 | 163 | 170 | 177 | 156 | 175 | 174 | 161 | 183 | 165 | 171 | 205 |
| Depreciation & amortization | 54 | 55 | 55 | 55 | 54 | 54 | 52 | 53 | 54 | 55 | 56 | 57 |
| EBIT | 124 | 108 | 115 | 122 | 103 | 121 | 122 | 107 | 130 | 110 | 115 | 148 |