Gates Industrial Raises 2026 Adjusted EPS Outlook to $1.66-$1.72
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Gates Industrial Corporation Ltd. raised its 2026 adjusted earnings-per-share outlook to $1.66 to $1.72 after third-quarter sales climbed 5.6% to $903.6 million, increasing the annual forecast’s midpoint by $0.03 per share. For the quarter ended Sept. 26, sales growth included a 5.5% increase in core sales. Adjusted net income per diluted share was $0.47, compared with $0.39 in the same quarter a year earlier. Adjusted EBITDA was $215.4 million, equal to a 23.8% margin. Gates revised its full-year adjusted EBITDA outlook to $809 million to $823 million from $800 million to $830 million.
Source: TokenPost
