Gates Industrial (GTES) Q3 FY2026 earnings: revenue $904 million, up 5.6% on the year

Gates Industrial Corp. Ltd. (GTES) announced its results for Q3 FY2026, the quarter ended 26 September 2026, on 30 October 2026. Revenue was $904 million, up 5.6% on the same quarter a year earlier. Net income was $86 million, up 6.0% on the year, and diluted earnings per share $0.34. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

Revenue$904 millionup 5.6%

Net income$86 millionup 6.0%

Diluted EPS$0.34$0.31 a year earlier

QuarterQ3 FY2026ended 26 September 2026

What management said

Guidance figures: 2 raised, 3 kept.

Net sales rose 5.6% in quarter: Net sales were $903.6 million against $855.7 million a year earlier, up 5.6%, with core sales up 5.5%. The net sales increase was $47.9 million.
Adjusted EBITDA reached $215.4 million: Adjusted EBITDA was $215.4 million against $195.8 million a year earlier. Margin was 23.8%, against 22.9%.
Diluted and adjusted EPS rose: Net income attributable to shareholders was $86.5 million, or $0.34 per diluted share, against $0.31 a year earlier. Adjusted EPS was $0.47, against $0.39.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	904	942	856	+5.6%
Net income	86.5	171	81.6	+6.0%
Diluted EPS	$0.34	$0.67	$0.31	+9.7%

$ million except per share.

Q3 FY2026 is from the company's press release of 30 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	862	816	893	907	861	893	898	936	873	863	863	886	831	829	848	884	856	856	851	942
Cost of revenue	522	529	588	581	551	583	573	584	530	526	533	528	495	494	503	524	514	531	513	556
Gross profit	341	286	305	326	310	310	325	353	343	338	330	357	336	335	345	360	342	325	338	386
Gross margin	40%	35%	34%	36%	36%	35%	36%	38%	39%	39%	38%	40%	40%	40%	41%	41%	40%	38%	40%	41%
SG&A	217	210	235	209	200	210	232	221	213	216	212	221	217	220	216	231	219	208	227	251
Operating income	130	75.9	68.4	113	104	99.1	87.3	129	126	120	117	133	116	113	126	116	115	109	110	132
Operating margin	15%	9%	8%	12%	12%	11%	10%	14%	14%	14%	14%	15%	14%	14%	15%	13%	13%	13%	13%	14%
Interest expense	33.1	32.7	32.6	33.0	33.3	40.5	40.8	44.5	39.5	38.4	37.5	49.1	35.1	34.1	29.6	28.8	34.9	32.6	29.9	30.0
Pre-tax income	95.5	41.8	35.2	71.6	67.4	83.6	46.2	80.9	86.6	71.6	80.7	90.2	69.2	87.9	93.8	80.2	94.8	71.4	77.9	100
Tax rate	18%	-70%	-6%	17%	17%	-8%	33%	12%	1%	3%	43%	14%	20%	53%	27%	21%	6%	21%	15%	-78%
Net income	70.2	62.7	30.9	53.1	51.9	84.9	26.4	64.9	78.7	62.9	40.0	70.7	47.6	36.6	62.0	56.5	81.6	51.3	59.7	171
Net margin	8%	8%	3%	6%	6%	10%	3%	7%	9%	7%	5%	8%	6%	4%	7%	6%	10%	6%	7%	18%
Diluted EPS	$0.23	$0.21	$0.10	$0.19	$0.18	$0.30	$0.09	$0.23	$0.29	$0.24	$0.15	$0.26	$0.18	$0.14	$0.24	$0.22	$0.31	$0.20	$0.23	$0.67
Operating cash flow	102	169	-105	23.6	101	247	52.5	131	108	189	-21.0	93.8	116	191	7.3	103	98.0	270	30.2	78.6
Capital expenditure	16.1	21.3	17.4	17.5	24.1	18.6	11.8	12.6	15.2	21.6	16.0	21.9	21.9	23.3	17.5	19.4	17.5	18.8	16.7	18.3
Free cash flow	85.6	148	-123	6.1	76.5	228	40.7	119	92.6	168	-37.0	71.9	94.0	168	-10.2	83.6	80.5	251	13.5	60.3
Buybacks	0.0	10.6	175	0.6	0.0	0.1	0.0	252	0.0	0.0	50.3	0.0	126	0.0	13.0	0.0	0.0	106	16.6	22.1
Shares outstanding	292m	291m	289m	282m	282m	283m	285m	264m	264m	264m	261m	262m	255m	255m	257m	257m	258m	254m	254m	253m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 26 September 2026, filed with the SEC on 30 October 2026 with a Form 8-K: the release.