Gates Industrial Corporation plc reported second-quarter 2025 net sales of $883.7 million, which was flat year-over-year, with core sales increasing by 0.6%. The company saw positive core sales growth in its Replacement channels and double-digit growth in its Mobility business, alongside the first growth in Agriculture since Q4 2022.
The company's Adjusted EBITDA for the quarter was $199.2 million, resulting in an Adjusted EBITDA margin of 22.5%. This performance was supported by gross margin expansion and ongoing operational improvements, contributing to a stronger balance sheet.
Gates Industrial raised its full-year 2025 guidance, with Adjusted EBITDA now expected to be between $750 million and $800 million, up from the prior range of $735 million to $795 million. Adjusted EPS guidance was also increased to $1.40 to $1.56 from $1.36 to $1.52, reflecting management's optimism about secular top-line growth potential.
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