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Gates Industrial Corporation GTES APAC, excluding China — Net Sales

Other geography segments

Americas, excluding the U.S.
$130.8M

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Other financials

Income statement

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Revenue$851.1M+0.4%
Gross profit$338.0M-1.9%
Operating income$109.9M-12.6%
Net income$59.7M-3.7%
EPS (diluted)$0.23-4.2%

Balance sheet

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Cash & equivalents$788.2M+22.6%
Total debt$2.2B-4.8%
Total equity$3.4B+8.5%
Total assets$7.1B+3.3%

Cash flow

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Operating cash flow$30.2M+314%
CapEx$16.7M-4.6%
Free cash flow$13.5M+232%

Valuation

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Market cap$7.42B+19.3%
Enterprise value$8.86B+13.0%
P/E29.8×-0.9×
P/S2.2×+0.3×

Profitability

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Gross margin39.6%-0.9pp
Operating margin13%-1.2pp
Net margin7.2%+0.8pp
FCF margin12.4%+2.9pp

Returns & leverage

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Return on equity7.7%+0.8pp
Debt / equity0.7×-0.1×
Current ratio3.7×+0.3×

Where this comes from

Reported directly by Gates Industrial Corporation in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Gates Industrial Corporation’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:19 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-029351
(dollars in millions, except per share amounts)Three months ended / March 28,2026March 29,2025
Net sales$851.1$847.6
Cost of sales513.1503.0
Gross profit338.0344.6
Selling, general and administrative expenses226.9216.2
Transaction-related expenses0.50.4
Asset impairments0.6
Restructuring expenses0.71.6
Operating income from continuing operations109.9125.8

Item 1: Financial Statements (unaudited)

FAQ

What is Gates Industrial Corporation's APAC, excluding china — net sales?
Gates Industrial Corporation (GTES) reported APAC, excluding china — net sales of $92.3M in Q1 2026.
What does APAC, excluding china — net sales mean?
This metric represents the total revenue generated from the sale of power transmission and fluid power products within the Asia-Pacific region, specifically excluding operations in China. It serves as a key indicator of market penetration and demand for engineered industrial solutions across diverse emerging and developed economies in the region. Monitoring this figure helps investors assess the company's geographic diversification and its ability to capture growth in non-Chinese Asian industrial markets.

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