Gates Industrial Corporation plc

Gates Industrial Corporation raised its full-year 2026 adjusted earnings per share guidance to a range of $1.62 to $1.70 and signaled an adjusted EBITDA margin of at least 23.5% in the second half. The company also increased its core sales growth outlook to 2.5% to 4.5% and its adjusted EBITDA forecast to $800 million to $830 million. Second-quarter sales reached a record $942 million, with core growth of 4.9%, while adjusted EBITDA was $211 million, representing a 22.5% margin. CEO Ivo Jurek cited an early-stage industrial recovery and a more than doubling of the data center business, with high-value project launches expected to boost second-half results. For the third quarter, total revenue is projected between $880 million and $920 million, with core revenue up about 5.5% at the midpoint.

Gates Industrial Corporation shareholders have overwhelmingly approved the company's plan to change its place of incorporation from England and Wales to Bermuda. At a series of shareholder meetings held on June 25, 2026, approximately 99.6% of votes cast were in favor of each proposal related to the redomiciliation. Chief Executive Officer Ivo Jurek stated that the move enhances capital and strategic flexibility while sustaining strong corporate governance and reducing administrative complexity and cost. The company will now proceed with legal and regulatory procedures, including seeking UK court approval, and expects the effective date to be July 20, 2026, though this remains subject to change.

Gates Industrial Corporation is expanding its Belt Drive product portfolio with three new sprocket families—CRUISE, CRUISE PLUS, and COMMUTE—to bring belt drive technology to a wider range of bicycle OEM applications and price points. CRUISE offers a cost-efficient entry point for entry-level and value-oriented bicycles, while CRUISE PLUS provides enhanced durability and broader compatibility for everyday use including mid-range eBikes, and COMMUTE is engineered for urban eBike performance supporting mid-motor systems up to 75 Nm. The new overmolded, high-performance thermoplastic sprockets are part of a tiered performance belt portfolio that gives OEM partners a scalable path to specify belt drive systems across more segments still served by chain-based drivetrains. Gates supports OEMs from initial specification through integration and production, and the expanded portfolio is now available globally.