BWS Financial initiated coverage on Garrett Motion with a new price target
$GTX
Auto Parts:O.E.M.
Consumer Discretionary
BWS Financial initiated coverage of Garrett Motion with a rating of Buy and set a new price target of $15.00
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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
BWS Financial initiated coverage of Garrett Motion with a rating of Buy and set a new price target of $15.00
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
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
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
4 - Garrett Motion Inc. (0001735707) (Issuer)
4 - Garrett Motion Inc. (0001735707) (Issuer)
4 - Garrett Motion Inc. (0001735707) (Issuer)
10-Q - Garrett Motion Inc. (0001735707) (Filer)
8-K - Garrett Motion Inc. (0001735707) (Filer)
10-Q - Garrett Motion Inc. (0001735707) (Filer)
SC 13D/A - Garrett Motion Inc. (0001735707) (Subject)
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SC 13D/A - Garrett Motion Inc. (0001735707) (Subject)
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