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Gates Industrial Corporation’s Growth Engine Accelerates — Asia Pacific Sales Jump 11.5%!

Gates Industrial Corporation reported its second quarter 2026 financial results with record quarterly sales of $942 million, representing a 6.6% increase inclusive of favorable foreign currency impacts and 4.9% core sales growth year-over-year. The company highlighted broad-based growth across most end markets, notably personal mobility with approximately 25% growth, commercial on-highway above 20%, and low-double-digit industrial OEM growth, particularly in the Power Transmission segment. Adjusted EBITDA reached $211 million with a 22.5% margin, slightly above expectations, while adjusted earnings per share rose 13% to a quarterly record of $0.44. Gates Industrial noted solid improvement in adjusted gross margins despite ongoing targeted investments to support strategic initiatives. Regionally, all three principal markets—the Americas, EMEA, and Asia Pacific—delivered positive core sales growth. EMEA posted 6.4% growth led by industrial OEM and aftermarket channels, while Asia Pacific saw an 11.5% increase driven by multiple industrial end markets. The Americas experienced modest 1.