Garrett Motion Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

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”).

Rolle, switzerland, may 06, 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, 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”).

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 million adjusted free cash flow* totaled $ 68  million repurchased $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 million adjusted free cash flow* of $375 million rolle, switzerland, april 25, 2024 (globe newswire) -- garrett motion inc...

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.

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 million adjusted free cash flow* totaled $137 million repurchased $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 million adjusted free cash flow* totaled $422 million repurchased $213 million of common stock early debt repayment of $200 million 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...

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Garrett Motion (GTX) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.13 per share a year ago.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Garrett Motion met Wall Street's expectations for fourth-quarter revenue and earnings -- but also arrived above the midpoints of its own guidance ranges. The company set a record for quarterly EBITDA.

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.

GTX's revenue has grown at a CAGR of 4%, while its margins have declined and debt has ticked up. The company is heavily negatively exposed to the EV transition, with the majority of its revenue relative to petrol/diesel cars and the use case of turbochargers in the future uncertain. The company is investing heavily in R&D but it is too early to say if GTX will be successful with its transition.

GTX, MOND and LSTR have been added to the Zacks Rank #5 (Strong Sell) List on November 29, 2023.