Gates Industrial manufactures application-specific fluid power and power transmission components for equipment manufacturers and the replacement channel.
Gates Industrial Corporation reports Q3 2026 revenue of **$903.6 million**, a **5.6% year-over-year increase**, aligning with Wall Street forecasts. The company’s non-GAAP earnings per share (**$0.47**) exceed analyst estimates by **6.8%**, reflecting strong performance in power transmission and fluid power solutions. Growth in revenue and profitability highlights continued demand for its industrial products.
Gates Industrial’s shares drop 3% after the company issues cautious earnings guidance, despite reporting better-than-expected third-quarter financial results. Investors react to concerns over future performance, overshadowing the positive quarterly outcome. The company’s stock performance reflects uncertainty about its outlook amid mixed market signals.
Timken Co. sells its belts manufacturing assets to Gates Industrial Corporation. The Denver-based company acquires the business as part of its industrial products portfolio. The transaction finalizes a previously announced deal between the two firms.
Timken completes the sale of its belts business to Gates Industrial Corporation, streamlining operations to concentrate on advanced motion technology. The transaction aligns with the company’s strategy to enhance profitability in its core industrial motion segment. Gates Industrial Corporation acquires the assets, expanding its product portfolio in power transmission solutions.