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 (NYSE: GTX) is a manufacturer of commercial and light-vehicle turbochargers for the OEM market, and it just released news that could turbocharge this market and spark a short squeeze. The company released preliminary results for the Q1 period and guidance for 2023 that is well above the analyst consensus estimates.

Can Garrett Motion Turbocharge A Short Squeeze?

ROLLE, Switzerland, April 17, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced strong preliminary results for first quarter 2023, including year-over-year net sales, net income, adjusted EBITDA, cash flow from operations and adjusted free cash flow. The Company also released its full year financial outlook, including increased forecasts for fiscal year 2023 net sales, net income, cash flow from operations, adjusted EBITDA, and adjusted free cash flow. The Company will announce its first quarter results in full before markets open on April 24, 2023.

Garrett Motion Announces Preliminary Results for First Quarter 2023 and Increases 2023 Outlook

ROLLE, Switzerland, April 13, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated automotive technology provider, today announced that it has entered into definitive agreements (the “Agreements”) with Centerbridge Partners, L.P. (“Centerbridge”) and funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to simplify the Company's capital structure by converting all outstanding Series A Preferred Stock into a single class of Common Stock, on or about July 3, 2023, subject to certain conditions. The agreements contemplate the repurchase of approximately $285 million of Series A Preferred Stock from each of Centerbridge and Oaktree at a market-based price, without premium, and provide for a reduction in governance rights, as well as lock-up and other agreements.

Garrett Motion Reaches Agreements with Centerbridge and Oaktree to Transform Capital Structure

ROLLE, Switzerland, April 04, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced that it now expects to achieve financial results in the upper end of the full year 2023 outlook published on February 14, 2023. Year to date, better than expected financial performance has been primarily driven by strong industry volumes in key regions, the successful ramp-up of new programs, operational excellence, and favorable foreign exchange.

Garrett Motion Expects 2023 Financial Results in the Upper End of its Prior Outlook and Will Hold its First Quarter Conference Call on Monday April 24, 2023

ROLLE, Switzerland, March 08, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated automotive technology provider, today announced that the first quarter dividend for the Series A 11% PIK Preferred Stock will be made in cash and is in lieu of allowing the first quarter dividend to accrete. On March 8, 2023, the Disinterested Directors Committee of the Board of Directors of Garrett declared a quarterly cash dividend of $0.17 per share, which will be paid on April 3, 2023, to holders of record as of the close of business on March 22, 2023.

Garrett Motion Declares a Cash Dividend on Series A Preferred Stock

Garrett Motion posted disappointing FY22 and Q4 FY22 results. FY23 revenue guidance suggests stagnant revenue growth.

Garrett Motion: Undervalued But Poor Financials

Garrett Motion (GTX) delivered earnings and revenue surprises of -11.54% and 5.37%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Garrett Motion (GTX) Q4 Earnings and Revenues Miss Estimates

Garrett Motion Inc. (NASDAQ:GTX ) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Paul Blalock - Vice President of Investor Relations Olivier Rabiller - President & Chief Executive Officer Sean Deason - Senior Vice President & Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Financial Eric Gregg - FTIA Chris McIntyre - McIntyre Partnerships Operator Hello, my name is Jason and I'll be your operator this morning. I would like to welcome everyone to the Garrett Motion Conference Call.

Garrett Motion Inc. (GTX) Q4 2022 Earnings Call Transcript

Garrett Motion Reports Fourth Quarter 2022 Financial Results

ROLLE, Switzerland, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced it plans to issue financial results for the fourth quarter and full year 2022 on Tuesday, February 14, 2023 before the open of market trading.

Garrett Motion to Hold Fourth Quarter and Full Year 2022 Financial Results Conference Call on Tuesday February 14, 2023

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Garrett Motion (GTX) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Garrett Motion (GTX) Shows Fast-paced Momentum But Is Still a Bargain Stock

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.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Garrett Motion (GTX)

ROLLE, Switzerland, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated automotive technology provider, today announced that the fourth quarter dividend for the Series A 11% PIK Preferred Stock will be made in cash and is in lieu of allowing the fourth quarter dividend to accrete. On December 6, 2022, the Disinterested Directors Committee of the Board of Directors of Garrett declared a quarterly cash dividend of $0.17 per share, which will be paid on January 3, 2023, to holders of record as of the close of business on December 20, 2022.

Garrett Motion Declares a Fourth Quarter 2022 Cash Dividend on Series A Preferred Stock

Garrett Motion Inc. continues to trade in a fairly tight range as it seeks catalysts to break out. While Garrett Motion's last earnings report was mixed, it looks like headwinds are going to offset any tailwinds the company has in 2023.

Garrett Motion: Looks To Remain Rangebound Going Forward

Garrett Motion Inc. (NASDAQ:GTX ) Q3 2022 Earnings Conference Call October 26, 2022 8:30 AM ET Company Participants Paul Blalock - Vice President, Investor Relations Olivier Rabiller - President & Chief Executive Officer Sean Deason - Senior Vice President and Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Financial Brian Sponheimer - Gabelli Funds Operator Hello, my name is Chris and I will be your operator this morning. I would like to welcome everyone to the Garrett Motion Conference Call.

Garrett Motion Inc. (GTX) Q3 2022 Earnings Call Transcript

Garrett Motion (GTX) delivered earnings and revenue surprises of -4.55% and 4.08%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Garrett Motion (GTX) Q3 Earnings Lag Estimates

Garrett Motion Reports Third Quarter 2022 Financial Results

ROLLE, Switzerland, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced it plans to issue financial results for the third quarter 2022 on Wednesday, October 26, 2022, before the open of market trading.

Garrett Motion to Hold Third Quarter 2022 Results Conference Call on Wednesday October 26, 2022

ROLLE, Switzerland, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated automotive technology provider, today announced that the third quarter dividend for the Series A 11% PIK Preferred Stock will be made in cash and is in lieu of allowing the third quarter dividend to accrete. On September 8, 2022, the Disinterested Directors Committee of the Board of Directors of Garrett declared a quarterly cash dividend of $0.17 per share, which will be paid on October 3, 2022 to holders of record as of the close of business on September 23, 2022.

Garrett Motion Declares Cash Dividend on Series A Preferred Stock

Garrett Motion is the market leader with ~32% volume share and ~36% value share in the $10 billion global turbocharger industry. The company looks cheap at ~6 to ~7 times its expected earnings in 2022.

Garrett Motion: Cheap Despite Long-Term Headwinds

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RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presentations by senior management of leading automotive companies, with a lineup that runs the cradle-to-grave life within the automotive ecosystem. The symposium will have original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies including those expo

Gabelli Funds to Host 46th Annual Auto Symposium October 31st and November 1st

Garret Motion redeemed all of its Series B stock in June, much earlier than expected. The company has recently upped its guidance, and given the current progress, it is on its way to achieving it despite the macroeconomic turmoil.

Garrett Motion: A True Value Growth Play

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Garrett Motion's dominant industry position should allow it to take advantage of a recovery in the automotive market.

Down 14% in One Month, Is This Auto Stock a Buy?

Garrett Motion Inc. (NASDAQ:GTX ) Q2 2022 Earnings Conference Call July 28, 2022 8:30 AM ET Company Participants Paul Blalock – Vice President, Investor Relations Olivier Rabiller – President and Chief Executive Officer Sean Deason – Senior Vice President and Chief Financial Officer Conference Call Participants Brian Sponheimer – Gabelli Funds Chris McIntyre – McIntyre Partnerships Hamed Khorsand – BWS Financial Operator Hello, my name is Michelle Fleischer and I'll be your operator this morning. I would like to welcome everyone to the Garrett Motion Conference Call.

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