GTES

EX-99.1

2 gtes-exhibit991xq22026.htm

EX-99.1

Document

Gates Industrial Reports Second-Quarter 2026 Results

Denver, CO, July 31, 2026

Second-Quarter 2026 Financial Summary

◦Second-quarter net sales of $941.6 million, up 6.6% compared to the prior-year period, including a core sales increase of 4.9%.

◦Net income attributable to shareholders of $170.9 million, or $0.67 per diluted share.

◦Adjusted Net Income per diluted share of $0.44.

◦Net income from continuing operations of $178.2 million, or a margin of 18.9%.

◦Adjusted EBITDA of $211.4 million, or a margin of 22.5%.

◦Increasing 2026 guidance.

Gates Industrial Corporation Ltd. (NYSE:GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the second quarter ended June 27, 2026.

Ivo Jurek, Gates Industrial’s Chief Executive Officer, commented, “We delivered a strong second quarter, exceeding expectations. We generated record sales and EPS and experienced improving order momentum globally. We believe we are in solid position to capitalize on strengthening industrial demand.”

Jurek continued, “We have raised our 2026 guidance for sales, profitability and adjusted earnings per share. We anticipate higher sales growth in the second half of 2026 relative to our initial guidance. Our balance sheet is strong and our capital allocation optionality is significant. I am grateful to our global Gates teams for their dedication and commitment to delivering on our strategic priorities.”

Power Transmission Segment Results

Three months ended

(USD in millions)June 27, 2026June 28, 2025% Change% Core Change

Net sales$588.5$550.17.0%5.3%

Adjusted EBITDA$134.8$122.89.8%

Adjusted EBITDA margin22.9%22.3%60 bps

Six months ended

(USD in millions)June 27, 2026June 28, 2025% Change% Core Change

Net sales$1,121.7$1,077.34.1%1.5%

Adjusted EBITDA$246.8$239.53.0%

Adjusted EBITDA margin22.0%22.2%(20 bps)

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Fluid Power Segment Results

Three months ended

(USD in millions)June 27, 2026June 28, 2025% Change% Core Change

Net sales$353.1$333.65.8%4.2%

Adjusted EBITDA$76.6$76.40.3%

Adjusted EBITDA margin21.7%22.9%(120 bps)

Six months ended

(USD in millions)June 27, 2026June 28, 2025% Change% Core Change

Net sales$671.0$654.02.6%0.4%

Adjusted EBITDA$142.0$147.0(3.4%)

Adjusted EBITDA margin21.2%22.5%(130 bps)

2026 Guidance

The Company is raising its full year 2026 financial guidance. The table below reflects our updated full year 2026 financial guidance.

Prior 2026Updated 2026Change (At Midpoint)

Core Sales Growth 1% to 4%2.5% to 4.5%+ 100 bps

Adjusted EBITDA $775 to $835 Million$800 to $830 Million+ $10 Million

Adjusted EPS $1.52 to $1.68$1.62 to $1.70+ $0.06

Capital Expenditures ~$120 Million~$120 MillionNo Change

Free Cash Flow Conversion 90%+90%+No Change

Share-based metrics in the Company’s guidance do not include the effect of any potential share repurchases.

Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures, including expected Core Sales Growth, Adjusted EBITDA, Adjusted Earnings per Share and Free Cash Flow conversion for 2026. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.

Conference Call and Webcast

Gates Industrial Corporation Ltd. will host a conference call today at 10:00 a.m. Eastern Time to discuss the Company’s financial results. The live webcast of the conference call and accompanying presentation materials can be accessed through Gates Industrial’s website at investors.gates.com. For those unable to access the webcast, the conference call can be accessed by dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Second-Quarter 2026 Earnings Conference Call or providing the Conference ID of 5772067. An audio replay of the conference call can be accessed by dialing (800) 770-2030 (domestic) or +1 (647) 362-9199 (international), and providing the passcode 5772067, or by accessing Gates Industrial’s website at investors.gates.com.

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About Gates Industrial Corporation Ltd.

Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse aftermarket channel customers, and to original equipment manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually eve

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gtes-202602120001718512FALSE00017185122026-02-122026-02-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 12, 2026 Gates Industrial Corporation plc (Exact Name of Registrant as Specified in its Charter)

England and Wales 001-38366 98-1395184

(State or Other Jurisdiction of (Commission File Number) (IRS Employer Incorporation)   Identification No.)

1144 Fifteenth Street, Denver, Colorado 80202 (Address of Principal Executive Offices) (Zip Code) (303) 744-1911 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Ordinary Shares, $0.01 par value per shareGTESNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth Company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02    Results of Operations and Financial Condition On February 12, 2026, Gates Industrial Corporation plc announced its financial results for the fourth quarter of 2025 and full year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report. The information furnished under this Item 2.02, including Exhibit 99.1, will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be set forth by specific reference in that filing.

Item 9.01    Financial Statements and Exhibits

Exhibits Exhibit No.Description 99.1Press release dated February 12, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GATES INDUSTRIAL CORPORATION PLC

By:/s/ L. Brooks Mallard Name:L. Brooks Mallard Title:Chief Financial Officer

Date: February 12, 2026