Gates Industrial posts slight Q1 sales growth, maintains 2026 outlook with core sales down 2.9%.

Gates Industrial reported Q1 2026 net sales of $851.1 million, a 0.4% increase year-over-year, but core sales declined by 2.9%. Net income attributable to shareholders was $59.7 million, or $0.23 per diluted share, with adjusted net income per share at $0.35. The company reiterated its full-year 2026 guidance, expecting core sales growth between 1% and 4%, adjusted EBITDA of $775 million to $835 million, and adjusted EPS of $1.52 to $1.68. CEO Ivo Jurek highlighted successful ERP implementation in Europe and solid order rates, expressing optimism about growth prospects and financial flexibility.