08:35 AM EDT, 04/30/2025 (MT Newswires) -- Gates Industrial ( GTES ) reported Q1 adjusted earnings Wednesday of $0.36 per diluted share, up from $0.34 a year earlier.

Analysts polled by FactSet expected $0.33.

Net sales for the quarter ended March 29 were $847.6 million, down from $862.6 million a year earlier.

Analysts surveyed by FactSet expected $823.6 million.

The company reiterated its 2025 adjusted EPS guidance of $1.36 to $1.52. Analysts surveyed by FactSet expect $1.42.

The company's shares rose 2.6% in premarket activity Wednesday.