Gates Industrial raises 2026 adjusted EPS forecast to $1.62-$1.7
GTES•Gates raises 2026 guidance after Q2 results
Gates raised full-year 2026 guidance following Q2 net sales of $941.6 million, up 6.6%, with core sales up 4.9%.
- Core sales growth outlook lifted to 2.5%-4.5% from 1%-4%.
- Adjusted EBITDA forecast tightened to $800-830 million from $775-835 million.
- Adjusted EPS outlook increased to $1.62-$1.70 from $1.52-$1.68.
- Capital spending held at about $120 million; free cash flow conversion target maintained at 90%+.
