Question 1

What is Gates Industrial Corporation's other income, net (note 6)?

Accepted Answer

Gates Industrial Corporation (GTES) reported other income, net (note 6) of -$2.1M in Q1 2026.

Question 2

How has Gates Industrial Corporation's other income, net (note 6) changed year-over-year?

Accepted Answer

Gates Industrial Corporation's other income, net (note 6) increased by 12.5% year-over-year, from -$2.4M to -$2.1M.

Question 3

What is the long-term trend for Gates Industrial Corporation's other income, net (note 6)?

Accepted Answer

Over 3 years (2021 to 2024), Gates Industrial Corporation's other income, net (note 6) has grown at a 185.3% compound annual growth rate (CAGR), from -$900K to $20.9M.

Question 4

What does other income, net (note 6) mean?

Accepted Answer

This captures miscellaneous financial items that fall outside the scope of core operating activities, such as foreign exchange gains or losses, minor investment income, or non-recurring legal settlements. It serves as a catch-all for peripheral financial events that do not stem from the primary business operations. Investors monitor this to isolate core earnings from transient or incidental financial fluctuations.

(dollars in millions, except per share amounts)	Three months ended / March 28,2026	March 29,2025
Restructuring expenses	0.7	1.6
Operating income from continuing operations	109.9	125.8
Interest expense	29.9	29.6
Other expense	2.1	2.4
Income from continuing operations before taxes	77.9	93.8
Income tax expense	11.5	25.2
Net income from continuing operations	66.4	68.6
Loss on disposal of discontinued operations, net of tax, respectively, of $0 and $0	0.2	0.3

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Gates Industrial Corporation GTES Other income, net (Note 6)