StreetInsider.com News Articles

Gates launches polyurethane conveyor belt for warehouse automation

Tue, 13 Oct 2026 17:51:47 -0400

Gates Industrial Corporation Ltd. (NYSE: GTES) has launched the IntraLogix LRB-100, a live roller belt for conveyor systems used in warehouse and distribution center operations, according to a company press release.

The LRB-100 uses a homogeneous polyurethane construction rather than the conventional fabric design, which Gates says eliminates V-guide delamination, a common cause of conveyor downtime. The product is now available in the United States, with international availability to follow.

According to Gates, internal testing against conventional belt designs showed the LRB-100 delivered more than five times longer belt life, approximately 75% less elongation, roughly 80% greater abrasion resistance, approximately 24% greater

Gates Grows Its Warehouse Automation Portfolio with IntraLogix™ LRB-100

Tue, 13 Oct 2026 17:41:00 -0400

New Live Roller Belt Replaces Conventional Fabric Construction With A More Durable Polyurethane Design to Help Reduce Maintenance and Downtime

DENVER, Oct. 13, 2026 /PRNewswire/ -- Gates Industrial Corporation Ltd. (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced the launch of Gates IntraLogix™ LRB-100, a new live roller belt for conveyor

Gates Grows Its Warehouse Automation Portfolio with IntraLogix™ LRB-100

Tue, 13 Oct 2026 17:41:00 -0400

New Live Roller Belt Replaces Conventional Fabric Construction With A More Durable Polyurethane Design to Help Reduce Maintenance and Downtime

Gates Industrial Announces Third Quarter 2026 Earnings Release Date

Tue, 06 Oct 2026 17:45:00 -0400

DENVER, Oct. 6, 2026 /PRNewswire/ -- Gates Industrial Corporation Ltd. (NYSE:GTES) will issue its third-quarter earnings release before the market opens on Friday, October 30, 2026. Management will host a webcast and conference call on the same day at 10:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows:

Gates Industrial Announces Third Quarter 2026 Earnings Release Date

Tue, 06 Oct 2026 17:45:00 -0400

RBC Capital Assumes Gates Industrial Corp. (GTES) at Outperform

Fri, 02 Oct 2026 05:34:10 -0400

RBC Capital analyst Jeffrey Reive assumes coverage on Gates Industrial Corp. (NYSE: GTES) with a Outperform rating and a price target of $34.00.

For an analyst ratings summary and ratings history on Gates Industrial Corp. click here. For more ratings news on Gates Industrial Corp. click here.

Shares of Gates Industrial Corp. closed at $26.50 yesterday.

Timken sells belts business to Gates Industrial

Mon, 28 Sep 2026 16:31:55 -0400

The Timken Company (NYSE: TKR) announced the completion of the sale of its belts business assets to Gates Industrial Corporation (NYSE: GTES). Financial terms of the transaction were not disclosed, according to a press release from Timken.

The divested business manufactures belts used in industrial, commercial, and consumer applications. Timken is headquartered in North Canton, Ohio, and reported $4.6 billion in sales in 2025.

"This divestiture is an important milestone in achieving our stated 2028 margin targets," said Lucian Boldea, president and chief executive officer. "Exiting the belts business also allows us to increase focus on our core competencies in advanced motion

Timken sells belts business to Gates Industrial

Mon, 28 Sep 2026 16:31:55 -0400

The divested business manufactures belts used in industrial, commercial, and consumer applications. Timken is headquartered in North Canton, Ohio, and reported $4.6 billion in sales in 2025.

Timken Completes Sale of Belts Business to Gates

Mon, 28 Sep 2026 16:31:00 -0400

Divestiture improves profitability and increases company focus on core areas of expertise

NORTH CANTON, Ohio, Sept. 28, 2026 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a leader in advanced motion technology, today announced the completion of the sale of its belts business assets to Gates Industrial Corporation Ltd. (NYSE: GTES). Financial terms of the

Timken Completes Sale of Belts Business to Gates

Mon, 28 Sep 2026 16:31:00 -0400

Divestiture improves profitability and increases company focus on core areas of expertise

Timken Completes Sale of Belts Business to Gates

Mon, 28 Sep 2026 16:31:00 -0400

Divestiture improves profitability and increases company focus on core areas of expertise

Timken Completes Sale of Belts Business to Gates

Mon, 28 Sep 2026 16:31:00 -0400

Divestiture improves profitability and increases company focus on core areas of expertise

Gates acquires Timken's belts business, adding Mexico facility

Mon, 28 Sep 2026 16:26:13 -0400

Gates Industrial Corporation Ltd. (NYSE: GTES) has completed the acquisition of the belts business from The Timken Company, including select manufacturing assets, according to a company statement dated Sept. 28, 2026.

The deal adds manufacturing capacity and customer relationships across industrial original equipment manufacturers, the industrial aftermarket, and mobility power sports markets in North America. As part of the transaction, Gates assumed operational control of a belts manufacturing facility in San Jose Iturbide, Mexico.

Tom Pitstick, president of Americas at Gates, said the acquisition "strengthens Gates' position in power transmission and supports our strategy to grow in industrial and mobility markets."

Gates said

Gates Completes Acquisition of the Belts Business from The Timken Company

Mon, 28 Sep 2026 16:26:00 -0400

DENVER, Sept. 28, 2026 /PRNewswire/ -- Gates Industrial Corporation Ltd. (NYSE: GTES), a leading global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced it has completed the acquisition of the belts business of The Timken Company, including select manufacturing assets.

Gates Completes Acquisition of the Belts Business from The Timken Company

Mon, 28 Sep 2026 16:26:00 -0400

Gates Industrial to Host Capital Markets Day on November 19, 2026

Tue, 08 Sep 2026 17:00:00 -0400

DENVER, Sept. 8, 2026 /PRNewswire/ -- Gates Industrial Corporation Ltd. (NYSE:GTES), a global manufacturer of innovative and highly engineered power transmission and fluid power solutions, invites investors, analysts and other stakeholders to attend its Capital Markets Day on Thursday November 19, 2026, from 9:00 a.m. to 12:30 p.m. Eastern Time at The New York Stock Exchange (NYSE). The event will feature presentations by CEO Ivo Jurek and CFO Brooks Mallard, along with other members of Gates's leadership team.

Gates Industrial to Host Capital Markets Day on November 19, 2026

Tue, 08 Sep 2026 17:00:00 -0400

Gates Industrial to Participate in Upcoming Investor Conferences

Mon, 31 Aug 2026 16:30:00 -0400

DENVER, Aug. 31, 2026 /PRNewswire/ -- Gates Industrial Corporation Ltd. (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that management will participate in fireside chats at the following upcoming investor conferences:

Gates Industrial to Participate in Upcoming Investor Conferences

Mon, 31 Aug 2026 16:30:00 -0400

DA Davidson Starts Gates Industrial Corp. (GTES) at Neutral

Mon, 31 Aug 2026 16:06:34 -0400

DA Davidson analyst Chris Dankert initiates coverage on Gates Industrial Corp. (NYSE: GTES) with a Neutral rating and a price target of $29.00.

The analyst comments "We are initiating coverage of Gates Corp., GTES with a ‘NEUTRAL’ rating and $29 PT, which reflects 10.0x our CY27 adj. EBITDA forecast of $887M (5-yr. median 8.7x). As indicated by our PT, we are initiating coverage with a positive bias given material leverage to the industrial upcycle, lower debt and solid FCF support capital deployment that has not been a major factor previously, and personal mobility should add ~100bp to organic growth annually over

DA Davidson Starts Gates Industrial Corp. (GTES) at Neutral

Mon, 31 Aug 2026 16:06:34 -0400

DA Davidson analyst Chris Dankert initiates coverage on Gates Industrial Corp. (NYSE: GTES) with a Neutral rating and a price target of $29.00.

Gates Redefines High-Performance Racing with Historic UCI Downhill Racing Victory

Mon, 24 Aug 2026 17:34:00 -0400

Gates Belt Drive Powers First-Ever Belted Bike to Win and €100K Belted Purse Awarded

DENVER, Aug. 24, 2026 /PRNewswire/ -- Gates Industrial Corporation Ltd. (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions proudly celebrates a historic moment in cycling history. With a groundbreaking performance, Harriet (Hattie) Harnden of AON Racing secured the first-ever UCI Downhill Mountain Bike World Series victory on a belt-driven bike, claiming the €100,000 Gates Belted Purse.

Gates Redefines High-Performance Racing with Historic UCI Downhill Racing Victory

Mon, 24 Aug 2026 17:34:00 -0400

Gates Belt Drive Powers First-Ever Belted Bike to Win and €100K Belted Purse Awarded

Gates Redefines High-Performance Racing with Historic UCI Downhill Racing Victory

Mon, 24 Aug 2026 17:34:00 -0400

Gates Belt Drive Powers First-Ever Belted Bike to Win and €100K Belted Purse Awarded

Gates Redefines High-Performance Racing with Historic UCI Downhill Racing Victory

Mon, 24 Aug 2026 17:34:00 -0400

Gates Belt Drive Powers First-Ever Belted Bike to Win and €100K Belted Purse Awarded