Gates Industrial Q1 net income rises to $62.0 million as sales fall 1.7%
Gates Industrial reported first-quarter 2025 net sales of $847.6 million, down 1.7% from the prior-year period, while net income attributable to shareholders rose to $62.0 million, or $0.24 per diluted share, from $40.0 million, or $0.15, a year earlier. The company reiterated its full-year 2025 guidance, so shareholders see higher reported profit on lower sales with no change to the outlook.
Key points
- Net sales were $847.6 million, down 1.7%, with core revenue growth of 1.4%
- Net income attributable to shareholders was $62.0 million, or $0.24 per diluted share, versus $0.15 a year earlier
- Adjusted net income per diluted share was $0.36, compared with $0.34 in the prior-year period
- 2025 full-year guidance was reiterated, including adjusted EBITDA of $735 million to $795 million
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.