Garrett Motion Inc. designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers. It also provides automotive software solutions, such as automotive cybersecurity solutions, which include intrusion detection and prevention system (IDPS) and firewall, security operations center tools; integrated vehicle health management solutions; and vehicle diagnostic and prognostic solutions. The company offers its products in the aftermarket through distributors. Garrett Motion Inc. was incorporated in 2018 and is headquartered in Rolle, Switzerland.
IPO Year:
Exchange: NYSE
Website: garrettmotion.com
First Quarter 2025 Financial Highlights Net sales totaled $878 million, down 4% on a reported basis and down 2% on a constant currency* basisNet income totaled $62 million; Net income margin of 7.1%Adjusted EBIT* totaled $131 million; Adjusted EBIT margin* of 14.9%Net cash provided by operating activities totaled $56 millionAdjusted free cash flow* totaled $36 millionReiterating full-year outlook First Quarter 2025 Business Highlights Continue to win across all turbo, plug-in hybrids and range extended electric vehicle applications Secured new wins in Asia and Europe for commercial vehicles and industrial power generation applications Won first major series production award fo
PLYMOUTH, Mich. and ROLLE, Switzerland, April 16, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its first quarter financial results on Thursday, May 01, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) and use the passcode 2829687. The conference call will also be webcast and will include a slide presentation. To access the webcast and supporting materials, please
Fourth Quarter 2024 Financial Highlights Net sales totaled $844 million, down 11% on a reported basis, down 10% at constant currency*Net income totaled $100 million; Net income margin 11.8%Adjusted EBITDA* totaled $153 million; Adjusted EBITDA margin* of 18.1%Net cash provided by operating activities totaled $131 millionAdjusted free cash flow* totaled $157 million Full Year 2024 Financial Highlights Net sales totaled $3,475 million, down 11% on a reported basis, down 10% at constant currency*Net income totaled $282 million; Net income margin 8.1%Adjusted EBITDA* totaled $598 millio
PLYMOUTH, Mich. and ROLLE, Switzerland, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its fourth quarter financial results on Thursday, February 20, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) and use the passcode 8581315. The conference call will also be webcast and will include a slide presentation. To access the webcast and supporting materials, pl
ROLLE, Switzerland and PLYMOUTH, Mich., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced the adoption of a long-term capital allocation framework, under which the Company will target returning 75% or more of its Adjusted Free Cash Flow to shareholders over time through a combination of share repurchases and a regular quarterly cash dividend. As part of this framework, the Company's Board of Directors has approved a new dividend policy, pursuant to which the Board intends to declare and pay quarterly dividends on its common stock in an aggregate amount of approximately $5
Third Quarter 2024 Financial Highlights Net sales totaled $826 million, down 14% on a reported and constant currency* basisNet income totaled $52 million; Net income margin of 6.3%Adjusted EBITDA* totaled $144 million; Adjusted EBITDA margin* of 17.4%Net cash provided by operating activities totaled $67 millionAdjusted free cash flow* totaled $71 million Third Quarter 2024 Business Highlights Won new marine and auxiliary power awards for our largest turbocharger with start of production in 2026Entered into a partnership with SinoTruk to co-develop e-powertrain systems for light and heavy trucks by 2027Recognized with the 2024 Stellantis Innovation Award for our different
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the third quarter 2024 on Thursday, October 24, 2024, before the open of market trading in the United States. Garrett will hold a conference call the same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (US) or +1-412-902-6506 (international) and use the passcode 4470754. The conference call will also be broadcast over the internet and include a slide presentation. To access the webcast and supporting material, please
Second Quarter 2024 Highlights Net sales totaled $890 million, down 12% on a reported basis and down 10% at constant currency*Net income totaled $64 million; Net income margin of 7.2%Adjusted EBITDA* totaled $150 million; Adjusted EBITDA margin* of 16.9%Net cash provided by operating activities totaled $126 millionAdjusted free cash flow* totaled $62 millionRepurchased $65 million of Common Stock Updated Full Year 2024 Outlook Net sales of $3,570 millionNet income of $275 million; Net income margin of 7.7%Adjusted EBITDA* of $608 million; Adjusted EBITDA margin* of 17.0%Net cash provided by operating activities of $405 millionAdjusted free cash flow* of $350 million ROLLE, Switzerland an
ROLLE, Switzerland, July 11, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the second quarter 2024 on Thursday, July 25, 2024, before the open of market trading. Garrett will hold a conference call the same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (US) or +1-412-902-6506 (international) and use the passcode 4523182. The conference call also will be broadcast over the internet and include a slide presentation. To access the webcast and supporting material, please visit the investor relations section of
First Quarter 2024 Highlights Net sales totaled $915 million, down 6% on a reported basis and 5% at constant currency*Net income totaled $66 million; Net income margin 7.2%Adjusted EBITDA* totaled $151 million; Adjusted EBITDA margin* of 16.5%Net cash provided by operating activities totaled $84 millionAdjusted free cash flow* totaled $68 millionRepurchased $109 million of Common Stock Reiterated Full Year 2024 Outlook Net sales of $3,870 million, flat on a reported and constant currency basis*Net income of $253 million; Net income margin 6.5%Adjusted EBITDA* of $620 million; Adjusted EBITDA margin* of 16.0%Net cash provided by operating activities of $420 millionAdjusted free cash flow*
ROLLE, Switzerland, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) (the "Company"), a leading differentiated automotive technology provider, today announced the appointment of Paul A. Camuti to its Board of Directors. Mr. Camuti brings over 30 years of experience in innovation and technology, with a significant focus on the industrial sector. Since 2020, he has served as Executive Vice President, Chief Technology and Sustainability Officer of Trane Technologies, overseeing the company's technical strategy, innovation practices, and sustainability efforts. Prior to Trane Technologies, a spin-off from Ingersoll Rand, Mr. Camuti held several senior executive positions of
LORDSTOWN, Ohio, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corporation (NASDAQ:RIDE), ("Lordstown Motors"), a leader in electric light-duty trucks focused on the commercial fleet market, announced today that its Board of Directors has appointed Daniel A. Ninivaggi as CEO and as a member of the Board, effective immediately. Ninivaggi is the former CEO of Icahn Enterprises L.P. (NASDAQ:IEP), a diversified holding company controlled by Carl C. Icahn, and has served in a variety of senior leadership positions in the automotive and transportation industries. He began his automotive career at Lear Corporation, ultimately serving as Executive Vice President, where he was responsible
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BWS Financial initiated coverage of Garrett Motion with a rating of Buy and set a new price target of $15.00
PLYMOUTH, Mich. and ROLLE, Switzerland, May 20, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced a proposed secondary public offering of 17,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Oaktree Capital Management, L.P., Centerbridge Partners, L.P. and Cyrus Capital Partners, L.P. (collectively, the "Selling Stockholders"). The underwriters will have a 30-day option to purchase at their own election up to an additional 2,550,000 shares of common stock from the Selling Stockholders. The Selling Stockholders will receive all of the ne
First Quarter 2025 Financial Highlights Net sales totaled $878 million, down 4% on a reported basis and down 2% on a constant currency* basisNet income totaled $62 million; Net income margin of 7.1%Adjusted EBIT* totaled $131 million; Adjusted EBIT margin* of 14.9%Net cash provided by operating activities totaled $56 millionAdjusted free cash flow* totaled $36 millionReiterating full-year outlook First Quarter 2025 Business Highlights Continue to win across all turbo, plug-in hybrids and range extended electric vehicle applications Secured new wins in Asia and Europe for commercial vehicles and industrial power generation applications Won first major series production award fo
ROLLE, Switzerland and PLYMOUTH, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider and Shaanxi Hande Axle Co., Ltd. (HanDe), a leading Chinese axle manufacturer for commercial vehicles, have signed a strategic agreement, including a series production award, to co-develop and manufacture advanced electric beam axle systems for medium and heavy-duty trucks. The signing took place today at the Shanghai Auto Show—China's flagship platform for mobility innovation—marking a significant milestone in the electrification of commercial transport. Right after signing: Mr. Olivier Rabiller (President and CEO of Garret
First public showcase in China of 3-in-1 E-Powertrain and E-Cooling Compressor technologies, advancing zero-emission vehicle performanceDifferentiated turbocharging solutions for passenger and commercial vehicles, supporting emissions reduction and efficiencyHybrid-optimized boosting solutions to maximize fuel economy in PHEV and REEV applications ROLLE, Switzerland and PLYMOUTH, Mich., April 22, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider, is presenting its latest innovations at Auto Shanghai 2025 (April 23–May 2), including the China debut of its 3-in-1 E-Powertrain and E-Cooling Compressor—two breakthrough technolog
PLYMOUTH, Mich. and ROLLE, Switzerland, April 16, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its first quarter financial results on Thursday, May 01, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) and use the passcode 2829687. The conference call will also be webcast and will include a slide presentation. To access the webcast and supporting materials, please
Fourth Quarter 2024 Financial Highlights Net sales totaled $844 million, down 11% on a reported basis, down 10% at constant currency*Net income totaled $100 million; Net income margin 11.8%Adjusted EBITDA* totaled $153 million; Adjusted EBITDA margin* of 18.1%Net cash provided by operating activities totaled $131 millionAdjusted free cash flow* totaled $157 million Full Year 2024 Financial Highlights Net sales totaled $3,475 million, down 11% on a reported basis, down 10% at constant currency*Net income totaled $282 million; Net income margin 8.1%Adjusted EBITDA* totaled $598 millio
GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) announced today that it has informed Beacon Roofing Supply, Inc. (NASDAQ:BECN) that it will propose 10 independent director nominees at Beacon's 2025 Annual Meeting of Shareholders to replace Beacon's Board of Directors. The slate of independent nominees includes current and former senior executives and directors of leading global companies who were selected for their deep expertise with large-scale corporate transformations, extensive knowledge of the building products and distribution sectors, and track records of unlocking shareholder value. "We are proposing a slate of high-caliber, independent director nominees
PLYMOUTH, Mich. and ROLLE, Switzerland, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its fourth quarter financial results on Thursday, February 20, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) and use the passcode 8581315. The conference call will also be webcast and will include a slide presentation. To access the webcast and supporting materials, pl
PLYMOUTH, Mich. and ROLLE, Switzerland, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced that it has successfully refinanced its existing $692 million term loan, and refinanced and upsized its existing $600 million revolving credit facility to $630 million. Borrowings under each of the new facilities will initially bear interest at the Secured Overnight Financing Rate (SOFR) plus 225 basis points per annum, which represents a 50-basis point reduction from the existing facilities. The new term loan will mature in 2032, effectively extending the maturity of the Company's e
ROLLE, Switzerland and PLYMOUTH, Mich., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced the adoption of a long-term capital allocation framework, under which the Company will target returning 75% or more of its Adjusted Free Cash Flow to shareholders over time through a combination of share repurchases and a regular quarterly cash dividend. As part of this framework, the Company's Board of Directors has approved a new dividend policy, pursuant to which the Board intends to declare and pay quarterly dividends on its common stock in an aggregate amount of approximately $5
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