Garrett Motion Stock Price, News & Analysis

Garrett Motion (NASDAQ: GTX) and Shaanxi HanDe Axle have signed a strategic partnership at the Shanghai Auto Show to co-develop and manufacture advanced electric beam axle systems for medium and heavy-duty trucks. The collaboration will integrate Garrett's high-speed e-motor and inverter technology with HanDe's axle and transmission platforms.

The partnership includes a series production award from major Chinese commercial vehicle manufacturers, with production targeted for 2027. Initial manufacturing will be conducted in Xi'an and Wuhan, with test fleets beginning field trials in 2026. The technology promises breakthrough reductions in size and weight compared to industry benchmarks, leading to lower total cost of ownership through reduced energy use and maintenance.

The system is designed to minimize rare earth and critical mineral usage, supporting sustainable sourcing. The partnership aims to accelerate the adoption of zero-emission trucks across China, Japan, Europe, and beyond, with thousands of vehicles expected on the road by 2027.

Garrett Motion (NASDAQ: GTX) showcases groundbreaking technologies at Auto Shanghai 2025, featuring the China debut of its 3-in-1 E-Powertrain and E-Cooling Compressor. The company's dual strategy focuses on cleaner combustion solutions and electrification technologies.

The 3-in-1 E-Powertrain integrates an electric motor, inverter, and reducer, achieving 40% size and weight reduction compared to industry standards. Garrett has partnered with SinoTruk for heavy-duty E-powertrain development, targeting production by 2027.

With global NEV production reaching 18 million units in 2024, Garrett's innovations address growing market demands. The company's E-Cooling Compressor offers advanced thermal management for EVs, while their Gen 3 Fuel Cell compressors support hydrogen mobility.

In the hybrid sector, Garrett provides turbocharging solutions for PHEVs and REEVs, noting that 75% of China's 5.86 million vehicle exports in 2024 were ICE-powered. By 2030, PHEV and REEV market share in China is expected to rival BEVs.

Garrett Motion (Nasdaq: GTX) has announced its upcoming first quarter 2025 financial results release and conference call scheduled for Thursday, May 01, 2025. The results will be released before U.S. market opening, followed by a conference call at 8:30 am EDT / 2:30 pm CET.

The conference call will feature a slide presentation and can be accessed via phone (+1-877-883-0383 U.S. or +1-412-902-6506 international) using passcode 2829687. A webcast will be available through the company's Investor Relations website. Replay options include dial-in access and webcast archive.

Garrett Motion is a technology leader with 70 years of automotive innovation experience, specializing in turbocharging solutions that reduce engine size, fuel consumption, and CO2 emissions. The company is also developing Zero Emission Vehicle technologies, including fuel cell compressors and electric propulsion systems. Garrett operates 5 R&D centers, 13 manufacturing facilities, and employs over 9,000 people across 20+ countries.

Garrett Motion (GTX) reported its Q4 and full-year 2024 financial results, showing mixed performance. For Q4 2024, net sales decreased 11% to $844 million, while net income increased to $100 million with an 11.8% margin. Full-year 2024 saw net sales decline 11% to $3,475 million, with net income at $282 million and an 8.1% margin.

The company achieved an Adjusted EBITDA of $598 million for 2024, with a margin of 17.2%, up 90 basis points year-over-year. Notable business highlights include winning turbo contracts across all geographies, securing marine and back-up power contracts, and advancing zero-emission technologies through partnerships.

Garrett's capital allocation strategy included $296 million in share repurchases (13% share reduction) and announced a new $250 million repurchase program for 2025, plus a new $50 million annual dividend program. The company also refinanced its debt facilities, extending maturities to 2030-2032.

Garrett Motion (Nasdaq: GTX) has announced it will release its fourth quarter 2024 financial results on Thursday, February 20, 2025, before U.S. market opening. The company will host a conference call at 8:30 am EDT / 2:30 pm CET on the same day.

Investors can participate by dialing +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) using passcode 8581315. The conference call will include a slide presentation and will be webcast through Garrett's Investor Relations website. A replay will be available via phone and the company's website.

Garrett Motion is a technology leader with 70 years of automotive innovation experience, specializing in turbocharging solutions and developing technology for Zero Emission Vehicles, including fuel cell compressors and electric propulsion systems. The company operates 5 R&D centers, 13 manufacturing facilities, and employs over 9,000 people across 20+ countries.

Garrett Motion (Nasdaq: GTX) has successfully completed a major refinancing operation, including a refinancing of its $692 million term loan and an upsize of its revolving credit facility from $600 million to $630 million. The new facilities will initially bear interest at SOFR plus 225 basis points annually, representing a 50-basis point reduction from existing facilities.

The term loan maturity has been extended by approximately four years to 2032, while the revolving credit facility maturity has been extended by about two years to 2030. According to CEO Olivier Rabiller, this refinancing significantly reduces interest expenses and extends debt maturity profile, reflecting market confidence in Garrett's credit profile and free cash flow generation capabilities.

Garrett Motion (GTX) has announced a comprehensive capital allocation framework aimed at returning 75% or more of its Adjusted Free Cash Flow to shareholders. The plan includes a new quarterly dividend program targeting approximately $50 million in aggregate payments for 2025, with the first dividend of $0.06 per share payable January 31, 2025. Additionally, the company has authorized a $250 million share repurchase program for 2025.

This framework builds upon the company's previous $438 million in stock repurchases through Q3 2024 and approximately $400 million in debt reduction. The company maintains its commitment to balanced R&D investments across its portfolio, focusing on zero-emissions solutions and expanding turbo offerings for hybrid vehicles and industrial applications.

Garrett Motion (GTX) reported Q3 2024 financial results with net sales of $826 million, down 14% year-over-year. The company achieved a net income of $52 million with a 6.3% margin and Adjusted EBITDA of $144 million with a 17.4% margin. Operating cash flow was $67 million with adjusted free cash flow of $71 million. Key business developments include new marine and auxiliary power awards, a partnership with SinoTruk for e-powertrain systems, and recognition with the 2024 Stellantis Innovation Award. The company updated its full-year 2024 outlook, reducing net sales guidance to $3.40-3.50 billion from $3.50-3.65 billion previously.