Q4: 2026-02-12 Earnings Summary
EPS of $0.38 beats by $0.01
| Revenue of $856.20M (3.23% Y/Y) beats by $2.85M
Gates Industrial Corporation plc (GTES) Barclays 43rd Annual Industrial Select Conference February 19, 2026 10:25 AM EST
Company Participants
Ivo Jurek – CEO & Director
Conference Call Participants
Julian Mitchell – Barclays Bank PLC, Research Division
Presentation
Julian Mitchell
Barclays Bank PLC, Research Division
Fantastic. Well, it’s my pleasure to have up next Gates Industrial Corporation. Ivo Jurek, CEO. So Ivo, thanks very much for being here today.
I suppose we’ll start off with a topic that’s been exercising a lot of people’s minds this week, is around what green shoots, how bright or thick are they? Or whatever in terms of the U.S. industrial economy. So Gates has some very broad exposures across the motion control industry. So maybe help us understand what you’re seeing on that front, please.
Question-and-Answer Session
Ivo Jurek
CEO & Director
Yes. Thank you, Julian, for hosting. Look, we’ve just reported our Q4 earnings, and I think we’ve given pretty substantial color about what we are seeing there. And we’ve discussed the green shoots that we see, particularly on the industrial OEM side that actually have been more robust than what we truly have anticipated. We’ve exited the quarter with very robust book-to-bill.
Our book-to-bill was about 1.06, which is very, very good for us. When I take a look back at some of the prior cycles, for Gates specifically, to be able to see kind of a more robust recovery in demand, you really need to see a strong performance out of the industrial OEs. And so we have seen that. I spoke about some strength in commercial construction, equipment makers. We’ve talked about ag being less bad, but recovering. And I think there are certain components of the ag makers that are recovering and they’re recovering nicely. On-Highway has been doing better. So I think that those are all green shoots that give us some
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