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

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

Income statement for 2026-01-01 through 2026-06-27. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

1,792,700,000 US dollars

Cost of sales

1,068,600,000 US dollars

Gross profit

724,100,000 US dollars

Operating expenses (calculated)

482,600,000 US dollars

Operating income from continuing operations

241,500,000 US dollars

Other income (expense), net (calculated)

negative 63,400,000 US dollars

Income from continuing operations before taxes

178,100,000 US dollars

Income tax (benefit) expense

negative 66,500,000 US dollars

Net income

244,200,000 US dollars

Power Transmission

1,121,700,000 US dollars

Fluid Power

671,000,000 US dollars

Selling, general and administrative expenses

477,600,000 US dollars

Transaction-related expenses

3,600,000 US dollars

Asset impairments

0 US dollars

Restructuring expenses

1,400,000 US dollars

Loss on disposal of discontinued operations, net of tax, respectively, of $0, $0, $0 and $0

negative 400,000 US dollars. Reported below-tax contribution to net income.

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• 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.: $230.60 M; to noncontrolling interests: $13.60 M.