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Gates Industrial Plc's Business Segments
Gates Industrial Plc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2026
Reportable Segments
2
Largest Segment
Power Transmission
Total Revenue
$ 942
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2026
- Power Transmission62.5%
- Fluid Power37.5%
Revenue by Reportable Segment - Q2 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Power Transmission | $ 589 | 62.5% |
| Fluid Power | $ 353 | 37.5% |
Revenue by Product & Service Category - Q2 FY2026
- Aftermarket42.2%
- Original Equipment Manufacturer20.3%
Revenue by Product & Service Category - Q2 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Aftermarket | $ 398 | 42.2% |
| Original Equipment Manufacturer | $ 191 | 20.3% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Gates Industrial Plc
We are a global manufacturer of advanced power transmission and fluid power systems. We provide a diversified range of goods to different replacement channel clients as well as to original equipment ("first-fit") manufacturers as specified components, with replacement channels accounting for the majority of our revenue. Our products are utilized in a wide range of applications, including industrial off-highway end markets like construction and agricultural, industrial on-highway end markets like transportation, diversified industrial, energy and resources, automotive, and mobility and recreation. Given our businesss breadth and strong exposure to replacement markets, our net sales have traditionally been and continue to be highly connected with industrial activity and utilization, rather than with any particular end market.
Gates Industrial Corporation Plc is a global leading manufacturer of power transmission belts and fluid power products, primarily serving a variety of industries, including automotive, industrial, aerospace, oil and gas, and many others. The company largely focuses on providing engineered solutions that enhance the performance, efficiency, and reliability of the machinery and systems across numerous sectors.
Product Segments
1. Power Transmission Products:
- Timing Belts: Gates offers a comprehensive range of timing belts designed for high-precision applications. These belts are utilized in automotive engines and industrial machinery, ensuring proper timing and synchronization of various components.
- V-Belts: These are used in traditional belt drive systems. Gates produces a variety of V-belts tailored for different applications, from small machinery to heavy-duty industrial equipment.
- Synchronous Belts: Synchronous belts are crucial for transferring power in applications requiring precise timing, and Gates provides numerous variations to cater to diverse specifications.
- Chain Products: The company also offers chain drive solutions that serve as alternatives to belts in certain applications, providing users with flexibility for their mechanical systems.
2. Fluid Power Solutions:
- Hydraulic Hoses and Fittings: Gates manufactures hydraulic hoses designed for high-performance applications where pressure and environmental resistance are critical. These hoses often come with various fitting options to accommodate different assembly needs.
- Industrial Hoses: In addition to hydraulic hoses, the company produces a range of industrial hoses that serve applications in agriculture, construction, and manufacturing, offering durability and flexibility under various operating conditions.
- Power Steering Hoses: Gates provides specialized hoses for automotive power steering systems, ensuring reliability in steering performance.
3. Thermal Management Products:
- Gates offers a wide range of cooling systems, including radiator hoses, heater hoses, and other components that help manage heat in automotive and industrial applications. These products are vital for preventing overheating and ensuring optimal performance.
4. Automotive Aftermarket:
- Gates also has a strong presence in the automotive aftermarket sector, providing timing belts, serpentine belts, and other replacement parts for vehicle service and repair. Their aftermarket products are designed to meet or exceed original equipment specifications.
5. Specialty Products:
- Apart from standard industrial and automotive products, Gates has developed specialty products tailored for unique applications, including customized solutions for specific industries or machinery.
International Operations
Gates Industrial Corporation Plc operates on a global scale, with a significant presence in North America, Europe, Asia Pacific, and various emerging markets. The company operates numerous manufacturing facilities strategically located around the world to optimize production efficiency and reduce lead times.
- North America: The company has a strong manufacturing and distribution network, with facilities in the United States and Canada. This North American base allows Gates to cater effectively to the automotive and industrial segments prevalent in the region.
- Europe: Gates maintains production facilities in several European countries, focusing on both automotive and industrial applications. The companys commitment to quality and innovation in this market is evident through various partnerships with local enterprises and a focus on sustainability.
- Asia Pacific: With a robust footprint in Asia, particularly in countries like China and India, Gates benefits from the region’s rapid industrial growth. The company is well-positioned to leverage the increasing demand for fluid power and power transmission solutions in these markets.
- Latin America and Middle East: Gates has been expanding its operations in Latin America and the Middle East, addressing the growing industrial sectors in these regions. This includes adaptation of products and services to meet local market needs.
Research and Development
Gates Industrial Corporation is heavily invested in research and development (R&D) to innovate and improve its product offerings. The company focuses on developing advanced materials and technology to enhance the durability, performance, and sustainability of its products. Gates collaborates with various industry partners and invests in state-of-the-art testing facilities to ensure their products meet the highest quality standards and performance expectations.
Commitment to Sustainability
Gates has made significant strides toward sustainability, emphasizing eco-friendly practices in their operations and the development of products that reduce environmental impact. Initiatives include reducing waste, improving energy efficiency in manufacturing processes, and creating products that are recyclable or made from sustainable materials.
Conclusion
Gates Industrial Corporation Plc provides a wide array of products and services designed to meet the diverse needs of its global clientele across various industries. With a strong focus on R&D, sustainability, and international presence, the company continues to solidify its position as a leader in the power transmission and fluid power products markets.
Product Segments
1. Power Transmission Products:
- Timing Belts: Gates offers a comprehensive range of timing belts designed for high-precision applications. These belts are utilized in automotive engines and industrial machinery, ensuring proper timing and synchronization of various components.
- V-Belts: These are used in traditional belt drive systems. Gates produces a variety of V-belts tailored for different applications, from small machinery to heavy-duty industrial equipment.
- Synchronous Belts: Synchronous belts are crucial for transferring power in applications requiring precise timing, and Gates provides numerous variations to cater to diverse specifications.
- Chain Products: The company also offers chain drive solutions that serve as alternatives to belts in certain applications, providing users with flexibility for their mechanical systems.
2. Fluid Power Solutions:
- Hydraulic Hoses and Fittings: Gates manufactures hydraulic hoses designed for high-performance applications where pressure and environmental resistance are critical. These hoses often come with various fitting options to accommodate different assembly needs.
- Industrial Hoses: In addition to hydraulic hoses, the company produces a range of industrial hoses that serve applications in agriculture, construction, and manufacturing, offering durability and flexibility under various operating conditions.
- Power Steering Hoses: Gates provides specialized hoses for automotive power steering systems, ensuring reliability in steering performance.
3. Thermal Management Products:
- Gates offers a wide range of cooling systems, including radiator hoses, heater hoses, and other components that help manage heat in automotive and industrial applications. These products are vital for preventing overheating and ensuring optimal performance.
4. Automotive Aftermarket:
- Gates also has a strong presence in the automotive aftermarket sector, providing timing belts, serpentine belts, and other replacement parts for vehicle service and repair. Their aftermarket products are designed to meet or exceed original equipment specifications.
5. Specialty Products:
- Apart from standard industrial and automotive products, Gates has developed specialty products tailored for unique applications, including customized solutions for specific industries or machinery.
International Operations
Gates Industrial Corporation Plc operates on a global scale, with a significant presence in North America, Europe, Asia Pacific, and various emerging markets. The company operates numerous manufacturing facilities strategically located around the world to optimize production efficiency and reduce lead times.
- North America: The company has a strong manufacturing and distribution network, with facilities in the United States and Canada. This North American base allows Gates to cater effectively to the automotive and industrial segments prevalent in the region.
- Europe: Gates maintains production facilities in several European countries, focusing on both automotive and industrial applications. The companys commitment to quality and innovation in this market is evident through various partnerships with local enterprises and a focus on sustainability.
- Asia Pacific: With a robust footprint in Asia, particularly in countries like China and India, Gates benefits from the region’s rapid industrial growth. The company is well-positioned to leverage the increasing demand for fluid power and power transmission solutions in these markets.
- Latin America and Middle East: Gates has been expanding its operations in Latin America and the Middle East, addressing the growing industrial sectors in these regions. This includes adaptation of products and services to meet local market needs.
Research and Development
Gates Industrial Corporation is heavily invested in research and development (R&D) to innovate and improve its product offerings. The company focuses on developing advanced materials and technology to enhance the durability, performance, and sustainability of its products. Gates collaborates with various industry partners and invests in state-of-the-art testing facilities to ensure their products meet the highest quality standards and performance expectations.
Commitment to Sustainability
Gates has made significant strides toward sustainability, emphasizing eco-friendly practices in their operations and the development of products that reduce environmental impact. Initiatives include reducing waste, improving energy efficiency in manufacturing processes, and creating products that are recyclable or made from sustainable materials.
Conclusion
Gates Industrial Corporation Plc provides a wide array of products and services designed to meet the diverse needs of its global clientele across various industries. With a strong focus on R&D, sustainability, and international presence, the company continues to solidify its position as a leader in the power transmission and fluid power products markets.