Gates Industrial reported third-quarter 2026 net sales of $903.6 million, up 5.6% from the prior-year period, for the quarter ended 26 September 2026. Reported net income attributable to shareholders was $86.5 million, or $0.34 per diluted share.
The company also disclosed adjusted net income per diluted share of $0.47 and adjusted EBITDA of $215.4 million. Those are company-defined non-GAAP measures; they should be read alongside, rather than in place of, reported results.
Reported and adjusted measures
Amounts are US dollars. The table is based on Gates’ SEC-filed Exhibit 99.1, checked 1 November 2026 at 05:01:19 UTC.
| Measure | Q3 2026 | Comparison / basis | Official evidence |
|---|---|---|---|
| Net sales | $903.6 million; +5.6% | Core sales +5.5% | Financial summary |
| Net income attributable to shareholders | $86.5 million | Reported measure | Financial summary |
| Diluted EPS: reported / adjusted | $0.34 / $0.47 | Adjusted is non-GAAP | Financial summary |
| Adjusted EBITDA | $215.4 million | 23.8% adjusted EBITDA margin; non-GAAP | Financial summary |
What changed in the outlook
Gates raised its full-year 2026 guidance for core sales growth to 3.2%–3.8%, adjusted EBITDA to $809 million–$823 million, and adjusted EPS to $1.66–$1.72. These are management forecasts, not results already earned. The company says it has not provided forward-looking GAAP reconciliations because the information is not available without unreasonable effort and could be material.
That limitation matters when comparing the outlook with GAAP earnings. The company’s projected adjusted figures should not be treated as a substitute for future reported GAAP results, and the release identifies risks that could make actual performance differ.
What to watch
The next reported period can show whether sales, margins and cash conversion develop in line with management’s outlook. This release does not establish an analyst-expectations result or a share-price outcome.
Primary source record
Gates Industrial Exhibit 99.1 filed with the SEC — issuer: Gates Industrial Corporation Ltd.; observed 2026-11-01T05:01:19Z. AI-assisted primary-document comparison; not independent human editorial approval. Tatai is the publisher-designated author. This is financial information, not personalised investment advice.
Cross-check: Gates Industrial Q3 2026 Form 10-Q filed with the SEC was reviewed alongside the release. Both are official primary records; the filing provides the detailed quarterly record, while the release supplies the current-period summary and disclosed adjusted measures or outlook where applicable.
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.