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 (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.
Garrett Motion (Nasdaq: GTX) will host its 2026 Technology and Investor Day on May 20, 2026, starting at 9:00 a.m. ET. Presentations will cover the next phase of its strategic evolution, including Turbo, Zero-Emission Vehicle and Industrial portfolios, long-term growth trajectory and financial priorities.
A real-time audio webcast and replay will be available via the Investor Relations section of the company’s website.
Garrett Motion (Nasdaq: GTX) announced a successful repricing and $50 million early repayment of its $635 million term loan due 2032. Interest on the facility will now be SOFR plus 175 basis points, a 25-basis point reduction. According to Garrett, this is expected to lower interest expense and support liquidity.