Stock Track | Gates Industrial Soars 6% Intraday as Q2 Earnings Beat and Full-Year Guidance Lifted

Stock Track

07/31

Shares of Gates Industrial Corp PLC (GTES) surged 6.09% during intraday trading on Friday, after the company reported second-quarter results that exceeded analyst expectations and raised its full-year outlook.

The power transmission products maker posted adjusted earnings of $0.44 per share, up from $0.39 a year earlier and above the FactSet consensus estimate of $0.42. Revenue climbed 6.6% to $941.6 million, also topping the $925.4 million forecast. Adjusted EBITDA came in at $211.4 million, beating the $204.2 million estimate.

Looking ahead, Gates lifted its fiscal 2026 adjusted earnings guidance to a range of $1.62 to $1.70 per share, up from the prior $1.52 to $1.68 and surrounding the analyst consensus of $1.64. The company also raised its core sales growth outlook to 2.5%–4.5% and tightened its adjusted EBITDA forecast to $800–$830 million, citing improving order momentum and strengthening industrial demand.

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The company also raised its core sales growth outlook to 2.5%–4.5% and tightened its adjusted EBITDA forecast to $800–$830 million, citing improving order momentum and strengthening industrial demand.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GTES","symbol_name":"Gates Industrial Corp PLC","start_time":0,"source_url":"","article_id":"1164596394","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164596394","pubTimestamp":1785505348,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Gates Industrial Corp PLC (GTES) surged 6.09% during intraday trading on Friday, after the company reported second-quarter results that exceeded analyst expectations and raised its...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GTES":"Gates Industrial Corp PLC"},"translate_title":"股票跟踪 | 盖茨工业公司第二季度盈利超出预期并上调全年指引，盘中飙升 6%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GTES":1},"content_text":"Shares of Gates Industrial Corp PLC (GTES) surged 6.09% during intraday trading on Friday, after the company reported second-quarter results that exceeded analyst expectations and raised its full-year outlook.The power transmission products maker posted adjusted earnings of $0.44 per share, up from $0.39 a year earlier and above the FactSet consensus estimate of $0.42. 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