Gates Industrial Corporation plc reported first-quarter 2025 net sales of $847.6 million, a 1.7% decrease year-over-year. However, core sales showed a positive trend, increasing by 1.4%, driven by strong growth in the Automotive Replacement and Personal Mobility end markets.
The company's net income attributable to shareholders significantly increased to $62.0 million, or $0.24 per diluted share, compared to $40.0 million, or $0.15 per diluted share, in the prior-year quarter. Adjusted EBITDA for the quarter was $187.3 million, with an Adjusted EBITDA margin of 22.1%.
Gates Industrial maintained its full-year 2025 financial guidance, anticipating core sales growth between -0.5% and +3.5%. Adjusted EBITDA is still projected to be between $735 million and $795 million, and Adjusted EPS is expected to be $1.36 to $1.52, reflecting confidence in its competitive position and operational strategies.
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