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
BWS Financial initiated coverage of Garrett Motion with a rating of Buy and set a new price target of $15.00
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, April 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 first quarter 2024 on Thursday, April 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 1134891. 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 s
Fourth Quarter 2023 Highlights Net sales totaled $945 million, up 5% on a reported basis, up 3% at constant currency*Net income totaled $52 million; Net income margin 5.5%Adjusted EBITDA* totaled $145 million; Adjusted EBITDA margin* of 15.3%Net cash provided by operating activities totaled $135 millionAdjusted free cash flow* totaled $137 millionRepurchased $35 million of Common Stock Full Year 2023 Highlights Net sales totaled $3,886 million, up 8% on a reported basis, up 8% at constant currency*Net income totaled $261 million; Net income margin 6.7%Adjusted EBITDA* totaled $635 million; Adjusted EBITDA margin* of 16.3%Net cash provided by operating activities totaled $465 millionAdjust
ROLLE, Switzerland, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the fourth quarter and full year 2023 on Thursday, February 15, 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 2659811. 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 relatio
Third Quarter 2023 Highlights Net sales totaled $960 million, up 2% on a reported basis, down 1% at constant currency*Net income totaled $57 million; Net income margin 5.9%Adjusted EBITDA* totaled $152 million; Adjusted EBITDA margin* of 15.8%Net cash provided by operating activities totaled $74 millionAdjusted free cash flow* totaled $57 millionEarly debt repayment of $200 millionRepurchased $161 million of Common StockUpgraded by S&P to BB- rating, with stable outlookRevised and narrowed 2023 outlook range for currency headwinds ROLLE, Switzerland, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider, today announce
ROLLE, Switzerland, Sept. 29, 2023 (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 2023 on Tuesday, October 24, 2023 before the open of market trading. Garrett will also hold a conference call the same day at 8:00 am EDT / 2:00 pm CET. To participate on the conference call, please dial +1-877-883-0383 (US) or +1-412-902-6506 (international) and use the passcode 1022468. The conference call will also be broadcast over the internet and include a slide presentation. To access the webcast and supporting material, please visit the investor relations section
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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10-Q - Garrett Motion Inc. (0001735707) (Filer)
8-K - Garrett Motion Inc. (0001735707) (Filer)
10-Q - Garrett Motion Inc. (0001735707) (Filer)
8-K - Garrett Motion Inc. (0001735707) (Filer)
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8-K - Garrett Motion Inc. (0001735707) (Filer)
8-K - Garrett Motion Inc. (0001735707) (Filer)
8-K - Garrett Motion Inc. (0001735707) (Filer)
10-Q - Garrett Motion Inc. (0001735707) (Filer)
8-K - Garrett Motion Inc. (0001735707) (Filer)
Garrett Motion (NASDAQ:GTX) reported quarterly earnings of $0.28 per share which missed the analyst consensus estimate of $0.30 by 6.67 percent. The company reported quarterly sales of $890.000 million which missed the analyst consensus estimate of $975.500 million by 8.76 percent. This is a 11.97 percent decrease over sales of $1.011 billion the same period last year.
U.S. stock futures were lower this morning, with the Nasdaq futures falling around 0.2% on Wednesday. Shares of Simulations Plus, Inc. (NASDAQ:SLP) fell sharply in today's pre-market trading after the company reported third-quarter financial results and issued FY24 EPS guidance below estimates. Also, the company announced that it will discontinue its quarterly cash dividend. Simulations Plus shares declined 5.3% to $44.39 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. First Foundation Inc. (NASDAQ:FFWM) shares tumbled 27.7% to $4.75 in pre-market trading after the company announced that affiliates of Fortress Investment Gr
Gainers Linkage Global (NASDAQ:LGCB) stock increased by 18.9% to $3.2 during Monday's pre-market session. The company's market cap stands at $68.8 million. Barnes & Noble Education (NYSE:BNED) shares moved upwards by 14.88% to $0.2. The market value of their outstanding shares is at $10.5 million. Jiuzi Hldgs (NASDAQ:JZXN) shares rose 13.15% to $0.43. The company's market cap stands at $50.6 million. GameStop (NYSE:GME) shares moved upwards by 10.91% to $31.3. The company's market cap stands at $10.9 billion. As per the press release, Q1 earnings came out yesterday. QuantaSing Group (NASDAQ:QSG) shares rose 10.77% to $1.85. The market value of their outstanding shares is at $104.4 milli
BWS Financial analyst Hamed Khorsand maintains Garrett Motion (NASDAQ:GTX) with a Buy and maintains $15 price target.
Rod Alzmann, founder of GMEdd.com, was a big supporter of GameStop Corp (NYSE:GME) when seemingly no one else was interested. Now that the stock is running wild, he’s looking to put money to work elsewhere. What To Know: Thursday on Benzinga’s YouTube show “Benzinga Live,” Alzmann detailed some of his earliest investments in GameStop, long before it ever became a meme name. Alzmann first bought GameStop shares in the early 2000s. It was actually the first stock he ever invested in, he said, adding that he ended up selling it for a profit while he was in high school. Towards the end of 2017, he decided to buy into the stock again. As GameStop shares traded lower in 2018 and 2019, he
Garrett Motion Inc. (NASDAQ:GTX) (the "Company") announced today that Garrett Motion Holdings Inc. and Garrett LX I S.à r.l., its wholly owned subsidiaries, are planning, subject to market and other customary conditions, to offer (the "Offering") $500 million aggregate principal amount of senior unsecured notes due 2032 (the "notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The notes will be fully and unconditionally guaranteed by the Company and each of the Company's wholly owned restricted subsidiaries that guarantees the Company's senior secured credit facilities. The Company intends to use
Garrett Motion (NASDAQ:GTX) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.25 by 12 percent. The company reported quarterly sales of $915.000 million which missed the analyst consensus estimate of $954.500 million by 4.14 percent. This is a 5.67 percent decrease over sales of $970.000 million the same period last year.
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
GREENWICH, Conn., Oct. 22, 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
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NYSE:GTX) and China National Heavy Duty Truck Group Co., Ltd. (SinoTruk) signed a Letter of Intent (LoI) to enhance cooperation in advanced technologies for electric commercial vehicles, aiming to jointly develop leading next-generation E-powertrain for application in SinoTruk's product portfolio, with the aim of joining forces to start mass production of trucks equipped with this next gen E-powertrain by 2027. Nils Martens, VP & GM Electric Powertrain of Garrett, and Li Xuefeng, Director of New Energy Business, Chairman of New Energy Commercial Vehicle at SinoTruk Group, signed the LoI Under
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a global leader in automotive technology, announced today the establishment of a new zero-emission innovation center in Wuhan, China. Garrett Wuhan Plant Building on its extensive and proven track record in China, Garrett will use the Wuhan Innovation Center to advance its research into cutting-edge zero-emission technologies. The center, based at Garrett's Wuhan manufacturing facility, will focus on high-speed E-Powertrain systems, fuel cell compressors, and electric vehicle cooling solutions. It will feature state-of-the-art R&D labs, a prototype development workshop, and offic
GREENWICH, Conn., Oct. 07, 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
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
ROLLE, Switzerland, May 07, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) (the "Company") announced today that Garrett Motion Holdings Inc. and Garrett LX I S.à r.l., its wholly owned subsidiaries, have priced their previously announced offering (the "Offering") and have agreed to issue and sell $800 million aggregate principal amount of their 7.750% senior unsecured notes due 2032 (the "notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the Offering of the notes was increased from the previously announced Offering size of $500 million aggregate princ