# Gates Industrial Corporation Ltd. (GTES) FY2026 Q2 P&L / Income Statement

- Company: Gates Industrial Corporation Ltd. (GTES)
- Period: 2026-03-29 to 2026-06-27
- Filing: Q2 FY2026 10-Q, filed 2026-07-31, accession number 0001628280-26-051411
- Page: https://plicit.ai/financials/gtes/fy2026-q2-income-statement
- Chart image: https://plicit.ai/charts/gtes-fy2026-q2-income-statement-sankey.png

## Chart details: Revenue by Business Segment by Geography

Income statement for 2026-03-29 through 2026-06-27. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 941,600,000 US dollars
- **Cost of sales**: 555,500,000 US dollars
- **Gross profit**: 386,100,000 US dollars
- **Operating expenses (calculated)**: 254,500,000 US dollars
- **Operating income from continuing operations**: 131,600,000 US dollars
- **Other income (expense), net (calculated)**: negative 31,400,000 US dollars
- **Income from continuing operations before taxes**: 100,200,000 US dollars
- **Income tax (benefit) expense**: negative 78,000,000 US dollars
- **Net income**: 178,000,000 US dollars
- **Fluid Power - CHINA**: 16,600,000 US dollars
- **Fluid Power - UNITED KINGDOM**: 18,300,000 US dollars
- **Fluid Power - LUXEMBOURG**: 26,800,000 US dollars
- **Fluid Power - UNITED STATES**: 182,300,000 US dollars
- **Fluid Power - APAC, excluding China**: 26,100,000 US dollars
- **Fluid Power - Americas, excluding the U.S.**: 57,300,000 US dollars
- **Fluid Power - EMEA, excluding the U.K. and Luxembourg**: 25,700,000 US dollars
- **Power Transmission - CHINA**: 81,500,000 US dollars
- **Power Transmission - UNITED KINGDOM**: 9,100,000 US dollars
- **Power Transmission - LUXEMBOURG**: 77,000,000 US dollars
- **Power Transmission - UNITED STATES**: 159,900,000 US dollars
- **Power Transmission - APAC, excluding China**: 73,800,000 US dollars
- **Power Transmission - Americas, excluding the U.S.**: 81,900,000 US dollars
- **Power Transmission - EMEA, excluding the U.K. and Luxembourg**: 105,300,000 US dollars
- **Selling, general and administrative expenses**: 250,700,000 US dollars
- **Transaction-related expenses**: 3,100,000 US dollars
- **Asset impairments**: 0 US dollars
- **Restructuring expenses**: 700,000 US dollars
- **Loss on disposal of discontinued operations, net of tax, respectively, of $0, $0, $0 and $0**: negative 200,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to Gates Industrial Corporation Ltd.: $170.90 M; to noncontrolling interests: $7.10 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/gtes/fy2026-q2-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/gtes-fy2026-q2-revenue-by-business-segment-sankey.png

Income statement for 2026-03-29 through 2026-06-27. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 941,600,000 US dollars
- **Cost of sales**: 555,500,000 US dollars
- **Gross profit**: 386,100,000 US dollars
- **Operating expenses (calculated)**: 254,500,000 US dollars
- **Operating income from continuing operations**: 131,600,000 US dollars
- **Other income (expense), net (calculated)**: negative 31,400,000 US dollars
- **Income from continuing operations before taxes**: 100,200,000 US dollars
- **Income tax (benefit) expense**: negative 78,000,000 US dollars
- **Net income**: 178,000,000 US dollars
- **Power Transmission**: 588,500,000 US dollars
- **Fluid Power**: 353,100,000 US dollars
- **Selling, general and administrative expenses**: 250,700,000 US dollars
- **Transaction-related expenses**: 3,100,000 US dollars
- **Asset impairments**: 0 US dollars
- **Restructuring expenses**: 700,000 US dollars
- **Loss on disposal of discontinued operations, net of tax, respectively, of $0, $0, $0 and $0**: negative 200,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to Gates Industrial Corporation Ltd.: $170.90 M; to noncontrolling interests: $7.10 M.

## Chart details: Revenue by Business Segment by Product and Service

- Page: https://plicit.ai/financials/gtes/fy2026-q2-income-statement/revenue-by-business-segment-by-product-and-service
- Chart image: https://plicit.ai/charts/gtes-fy2026-q2-revenue-by-business-segment-by-product-and-service-sankey.png

Income statement for 2026-03-29 through 2026-06-27. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 941,600,000 US dollars
- **Cost of sales**: 555,500,000 US dollars
- **Gross profit**: 386,100,000 US dollars
- **Operating expenses (calculated)**: 254,500,000 US dollars
- **Operating income from continuing operations**: 131,600,000 US dollars
- **Other income (expense), net (calculated)**: negative 31,400,000 US dollars
- **Income from continuing operations before taxes**: 100,200,000 US dollars
- **Income tax (benefit) expense**: negative 78,000,000 US dollars
- **Net income**: 178,000,000 US dollars
- **Fluid Power - Aftermarket**: 248,800,000 US dollars
- **Fluid Power - Original Equipment Manufacturer**: 104,300,000 US dollars
- **Power Transmission - Aftermarket**: 397,700,000 US dollars
- **Power Transmission - Original Equipment Manufacturer**: 190,800,000 US dollars
- **Selling, general and administrative expenses**: 250,700,000 US dollars
- **Transaction-related expenses**: 3,100,000 US dollars
- **Asset impairments**: 0 US dollars
- **Restructuring expenses**: 700,000 US dollars
- **Loss on disposal of discontinued operations, net of tax, respectively, of $0, $0, $0 and $0**: negative 200,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to Gates Industrial Corporation Ltd.: $170.90 M; to noncontrolling interests: $7.10 M.