Gates gains with record Q2 sales

Denver, Colorado – Gates Industrial Corp. PLC reported net sales up with a quarterly record in its second quarter 2018 results ending 30 June.

Net sales reached $875.1 million for the quarter, which the firm said is a company record, compared to net sales of $769.1 million during the same period in 2017. For the six-month period, net sales increased 15% to $1.73 billion.

“We continue to execute on our growth initiatives and see strong demand environment across many end markets we serve,” CEO Ivo Jurek said…

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