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GTES Gates Industrial News Story

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Brief: Gates Industrial Q2 Adjusted EPS USD 0.39 Vs. IBES Estimate USD 0.38

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

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$883.70 mln$876.20 mln (7 Analysts)
Q2 Adjusted EPSBeat$0.39$0.38 (10 Analysts)
Q2 EPS$0.22
Q2 Net Income$56.50 mln
Q2 Adjusted EBITDABeat$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.)

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