Overview
Gates Industrial Q2 sales beat analyst expectations, despite a 0.2% decline yr/yr
Adjusted EPS for Q2 beats estimates, reflecting operational improvements
Co raises full-year 2025 guidance, citing strong Replacement and Mobility growth
Outlook
Company raises 2025 full-year guidance for Adjusted EBITDA and Adjusted EPS
Company expects 2025 core sales growth of +0.5% to +2.5% year-over-year
Company anticipates 2025 Adjusted EBITDA of $765 mln to $795 mln
Company expects 2025 Adjusted EPS of $1.44 to $1.52
Company projects 2025 capital expenditures of approximately $120 mln
Result Drivers
REPLACEMENT CHANNELS - Generated positive core sales growth, per CEO Ivo Jurek
MOBILITY BUSINESS - Double-digit growth in Mobility business contributed to results, according to CEO Ivo Jurek
AGRICULTURE GROWTH - Company reports first growth in Agriculture since Q4 2022, per CEO Ivo Jurek
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$883.70 mln
$876.20 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$0.39
$0.38 (10 Analysts)
Q2 EPS
$0.22
Q2 Net Income
$56.50 mln
Q2 Adjusted EBITDA
Beat
$199.20 mln
$197.70 mln (7 Analysts)
Q2 Net Income continuing operations
$63.40 mln
Press Release: ID:nPnbQvMX0a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)