Garrett Motion Inc. reports developments in turbocharging, electric-boosting and thermal-management technologies for automotive, commercial vehicle and industrial applications. News commonly covers quarterly results and outlook, light-vehicle and commercial-vehicle program awards, E-Powertrain and E-Cooling wins, and product activity around oil-free centrifugal compressors for battery energy storage, data-center, HVAC and electric commercial-vehicle cooling systems.
The company also issues updates on capital allocation, including dividends and share repurchases, as well as technology presentations tied to its Turbo, Zero-Emission Vehicle and Industrial portfolios.
Garrett Motion (Nasdaq: GTX) reported third-quarter net sales of $930 million and approved a new share repurchase program for 2027. Sales rose 3% from a year earlier, while net income increased to $97 million from $77 million and diluted earnings per share rose to $0.51 from $0.38. Operating cash flow increased to $135 million from $100 million.
The new authorization permits up to $250 million of buybacks starting January 1, 2027. Garrett also declared a $0.08-per-share dividend payable December 15, 2026, and completed a $50 million voluntary term-loan repayment in October. Garrett reaffirmed its full-year outlook midpoints while narrowing the ranges, including sales of $3.75 billion to $3.85 billion and net income of $337 million to $352 million. New turbo and industrial compressor awards accompanied plans to start E-Powertrain and E-Cooling compressor production in 2027.
Garrett Motion (GTX) announced that Multistack selected its oil-free centrifugal compressor technology for next-generation data center cooling platforms in Asia-Pacific.
The technology will be integrated into Multistack’s direct expansion computer room air conditioning systems, with production planned for the second half of 2027. The compressor combines high-speed centrifugal compression with oil-free air foil bearings. Garrett says the technology reduces maintenance requirements and supports next-generation refrigerants with low global warming potential.
Garrett Motion (GTX) announced that Steven Tesoriere has resigned from its Board of Directors, ending his service on the board. Tesoriere also served on the Talent Management and Compensation Committee until his resignation.
He joined the board in April 2021 as a designee of funds affiliated with Oaktree Capital Management under Garrett’s Series A Investor Rights Agreement. He previously chaired the Finance Committee and the Nominating and Governance Committee.
Garrett Motion (GTX) will publish its third-quarter 2026 financial results on October 29, 2026, before U.S. market trading opens. The company will host a conference call that day at 8:30 am EST / 2:30 pm CET, with a webcast and slide presentation. Supporting materials and the archived webcast will be available on its investor relations website.
Garrett Motion (GTX) will participate in the Jefferies Global Industrials Conference on September 10, 2026. Chief Technology Officer Craig Balis and the Investor Relations team plan to hold investor meetings and deliver a company presentation at the event.
Garrett develops turbocharging, fuel cell compressors, electric propulsion and thermal management systems, supported by six R&D centers, 13 manufacturing sites and over 8,700 employees in more than 20 countries.
Garrett Motion (Nasdaq: GTX) will participate in the J.P. Morgan Automotive Conference on August 12, 2026. Chief Financial Officer Sean Deason, Senior Vice President Strategy, Business Development & Advanced Technologies Nils Martens, and the Investor Relations team will hold investor meetings and a fireside chat.
Garrett Motion (Nasdaq: GTX) reported second quarter 2026 net sales of $976 million, up 7% year over year (5% at constant currency), with net income of $101 million and a net income margin of 10.3%. Adjusted EBIT rose to $152 million, lifting adjusted EBIT margin to 15.6%, while adjusted EBITDA reached $183 million. Net cash from operating activities was $145 million and adjusted free cash flow was $122 million.
The Board declared a $0.08 per-share cash dividend, payable September 15, 2026, and repurchased $28 million of stock, leaving $135 million of remaining authorization. As of June 30, 2026, liquidity totaled $788 million and total debt principal was $1,386 million. According to Garrett Motion, the 2026 outlook was raised across net sales, net income, adjusted EBIT, cash from operations and adjusted free cash flow.
Garrett Motion (Nasdaq: GTX) announced the appointment of Dave Crompton to its Board of Directors. Crompton is Executive Chair and Co-Founder of Pioneer Clean Fleet Solutions and previously served as President and CEO of Achates Power.
He brings over 40 years of leadership experience in commercial transportation, industrial, energy, and power generation sectors, including 28 years at Cummins, where he led the Cummins Engine Business and Cummins Power Systems. Garrett’s chairman highlighted his expertise in advanced powertrain technologies and global operations to support the company’s strategy and expansion beyond automotive.
Garrett Motion (Nasdaq: GTX) will release its second quarter 2026 financial results on Wednesday, July 29, 2026, before U.S. market open. The company will host a conference call at 8:30 a.m. EST / 2:30 p.m. CET, with live webcast, slide presentation, and archived replay via its Investor Relations website.
Garrett Motion (Nasdaq: GTX) will participate in two upcoming investor events: the Stifel Cross Sector Conference on June 2, 2026, and the UBS Auto and AutoTech Summit on June 3, 2026.
Senior leaders will join investor meetings and present at the UBS summit, highlighting Garrett’s turbocharging and electrification technologies.