Garrett Motion

Garrett Motion, Inc. provides automobile technology. The firm engages in the design, manufacture, and sale of engineered turbocharger, electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs) and the global vehicle independent aftermarket as well as automotive software solutions. It offers light vehicle gasoline, light vehicle diesel, and commercial vehicle turbochargers that enhance vehicle performance, fuel economy and drivability. The company was founded on March 14, 2018 and is headquartered in Rolle, Switzerland.

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Garrett Motion excels in Q4 2022, eyes growth through electrification

Garrett Motion's strong financial performance in Q4 2022 and full-year results reflect resilience and strategic management amidst market challenges.
The company's focus on differentiated technologies, electrification solutions, and cost management positions it well for sustained growth and profitability.
With a positive outlook for 2023, Garrett aims to leverage opportunities in the evolving automotive landscape while addressing potential challenges effectively.

Garrett Motion excels in Q1, targets $1B revenue from EV tech

Garrett Motion delivered a robust performance in Q1 2023, marked by revenue growth, improved EBITDA, and enhanced financial metrics, underlining their operational strength and strategic focus.
The company's emphasis on electric vehicle technologies, capital structure normalization, and positive outlook for continued growth signal a promising trajectory for future success and shareholder value.
While challenges exist in navigating market dynamics and technology transitions, Garrett Motion's proactive approach and confidence in execution position them to seize opportunities and drive sustainable growth.

Garrett Motion excels in Q2, targets $1B in zero-emission sales

Garrett Motion's Q2 2023 earnings call highlighted impressive financial performance, successful capital restructuring, and strategic wins in key markets, underscoring its growth trajectory and market resilience.
The company's focus on zero-emission technologies, strong regional sales distribution, and partnerships with industry leaders position it well for future growth and innovation, despite potential challenges in meeting ambitious targets.
With a clear commitment to sustainability, innovation, and market expansion, Garrett Motion is poised to navigate industry shifts, capitalize on emerging opportunities, and drive long-term value for stakeholders.

Garrett Motion excels in Q3 amidst currency challenges and innovation

Garrett Motion delivered robust financials in Q3 2023, driven by product innovation and strategic focus.
While facing challenges from currency fluctuations and market dynamics, the company eyes growth opportunities.
With a target EBITDA margin set for 2024 and a focus on zero-emission technologies, Garrett Motion navigates towards future success.

Garrett Motion reports record 2023 earnings, eyes zero emission growth

Garrett Motion's robust financial performance in 2023 and strategic initiatives to invest in zero emission technologies underscore its commitment to sustainable growth and shareholder value.
While facing challenges in a potentially stagnant market in 2024, Garrett's strong liquidity position, competitive turbo business, and focus on innovation provide a solid foundation for navigating uncertainties.
By seizing opportunities in the zero emission technology sector and leveraging its market strengths, Garrett is well-positioned to drive future growth and achieve its ambitious sales targets by 2030.

Garrett Motion reports robust Q1 earnings, eyes growth opportunities

Garrett Motion's Q1 2024 performance showcased strong financial metrics, strategic financial decisions, and a focus on turbo offerings and operational efficiency. While facing challenges in net sales due to industry softness, the company maintains a solid liquidity position and growth opportunities in key segments.

Garrett Motion reports strong Q2 performance and focuses on technology advancements

Garrett Motion's Q2 2024 earnings call showcased solid financial performance, strategic advancements in technology, and a focus on shareholder value. Despite facing challenges from industry softness and commodity deflation, the company remains optimistic about its outlook and opportunities for growth.

Garrett Motion reports robust Q3 performance and eyes innovation opportunities

Garrett Motion's Q3 performance showcased operational strength and financial resilience.
The company's strategic focus on innovation and shareholder value creation bodes well for future growth.
While facing challenges in market conditions and industry pressures, Garrett Motion remains poised for opportunities in new technologies.

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Garrett Motion, Inc. provides automobile technology. The firm engages in the design, manufacture, and sale of engineered turbocharger, electric motor technologies for original equipment manufacturers and distributors within the mobility and industrial space. It offers light vehicle gasoline, light vehicle diesel, and commercial vehicle turbochargers. The company was founded on March 14, 2018 and is headquartered in Rolle, Switzerland.

Garrett Motion Inc. (NASDAQ:GTX ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Eric Burge – Head-Investor Relations Olivier Rabiller – President and Chief Executive Officer Sean Deason – Senior Vice President and Chief Financial Officer Conference Call Participants Hamed Khorsand – BWS Financial Michael Ward – Freedom Capital Brian Sponheimer – Gabelli Funds Operator Hello. My name is Andrea and I will be your operator this morning.

Garrett Motion Inc. (GTX) Q3 2024 Earnings Call Transcript

Garrett Motion (GTX) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.23 per share a year ago.

Garrett Motion (GTX) Lags Q3 Earnings and Revenue Estimates

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 150 points on Thursday.

IBM Posts Weak Sales, Joins Garrett Motion, Beyond And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Third Quarter 2024 Financial Highlights Net sales totaled $826 million, down 14% on a reported and constant currency* basis Net 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 million Adjusted 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 2026 Entered into a partnership with SinoTruk to co-develop e-powertrain systems for light and heavy trucks by 2027 Recognized with the 2024 Stellantis Innovation Award for our differentiated zero-emission technologies ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three and nine months ended September 30, 2024.

Garrett Motion Reports Third Quarter 2024 Financial Results; Updates Full Year 2024 Outlook

ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NYSE: GTX) and China National Heavy Duty Truck Group Co., Ltd.

A pioneer move for Electric Commercial Vehicles: Garrett and SinoTruk sign Letter of Intent to bring leading high-speed electrified powertrain to E-trucks

Garrett Motion (GTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Garrett Motion (GTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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 expands its innovation footprint with new zero-emission R&D center in Wuhan, China

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 Motion to Hold Third Quarter 2024 Financial Results Conference Call on Thursday October 24, 2024

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Undercovered Dozen: Burford Capital, Metlife, Garrett Motion, Kaspi +

Garrett Motion (GTX) is well-positioned to benefit from ongoing demand for turbochargers, with market growth expected between 7.0% and 9.6% CAGR. Despite the rise of EVs, GTX's strong R&D in zero-emission solutions and established manufacturer relationships ensure its relevance in the future automotive landscape. GTX's Q2 results showed improved margins and strong cash flows despite reduced guidance, highlighting the resilience of its variable cost structure.

Garrett Motion Is Too Cheap To Ignore

Shares are down more than 15% this year on fears related to its declining sales. Despite ongoing macroeconomic headwinds, the business continues to generate strong FCF, which has been deployed towards deleveraging and share repurchases. Shares are valued at just 5.5 times this year's FCF, which is a significant discount to peers.

Garrett Motion: Deleveraging Progress Not Yet Reflected In Its Share Price

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Garrett delivered a mixed quarterly result, and lowered full-year revenue guidance. The company is making all the right moves, but investors will need to be patient during a tough time for automakers.

Why Garrett Motion Is Moving in Reverse Today

Garrett Motion Inc. (NASDAQ:GTX ) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Eric Burge - Head of Investor Relations Olivier Rabiller - President and Chief Executive Officer Sean Deason - Senior Vice President and Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Financial Michael Ward - Freedom Capital Operator Hello. My name is Anthony, and I will be your operator this morning.

Garrett Motion Inc. (GTX) Q2 2024 Earnings Call Transcript

Garrett Motion (GTX) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to loss of $1.88 per share a year ago.

Garrett Motion (GTX) Q2 Earnings Top Estimates

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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 million Adjusted free cash flow* totaled $62 million Repurchased $65 million of Common Stock Updated Full Year 2024 Outlook Net sales of $3,570 million Net 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 million Adjusted free cash flow* of $350 million ROLLE, Switzerland and PLYMOUTH, Mich., July 25, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three and six months ended June 30, 2024.

Garrett Motion Reports Second Quarter 2024 Financial Results; Updates Full Year 2024 Outlook

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.

Garrett Motion to Hold Second Quarter 2024 Financial Results Conference Call on Thursday July 25, 2024

Highly commoditized industries require differentiation through production/pricing or consumer advantages to succeed. Garrett Motion specializes in emission reduction and energy efficiency solutions for the automotive industry, offering high-quality business fundamentals and attractive valuation. Garrett's leading market position, business economics, and strategic focus on zero-emission technologies make it a great business with long-term catalysts for future growth.

Garrett Motion: Valuations Supportive Of Buy With High Quality Economics

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Should Value Investors Buy Garrett Motion (GTX) Stock?

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Garrett Motion (GTX) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

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