Gates Industrial Q2 net income jumps 202.5% to $170.9M on one-time tax benefit; revenue up 6.6%

Filed July 31, 2026 · Period ending June 27, 2026 · Compared to 10-Q Jul 30, 2025 · ~1 min read

Key Changes

• high

  Net income surged 202.5% to $170.9M, driven by a $78.0M income tax benefit from deferred tax asset realization, not operations.

  MD&A: Income Taxes verify on EDGAR →
• high

  Revenue rose 6.6% to $941.6M, with operating income up 13.6% to $131.6M.

  MD&A: Results verify on EDGAR →
• medium

  Share repurchases totaled $38.7M in H1 2026, up from $13.0M a year earlier.

  MD&A: Liquidity verify on EDGAR →