Garrett Motion Announces $250 Million Share Repurchase Program for 2026

Rhea-AI Summary

Garrett Motion (Nasdaq: GTX) announced a Board-approved $250 million share repurchase program for calendar year 2026, effective January 1, 2026 after the current program expires on December 31, 2025. Management may repurchase shares via open-market purchases, block trades, or private transactions at times and prices it deems beneficial.

The company reiterated a target to return 75% of Adjusted Free Cash Flow to shareholders over time through dividends and repurchases, subject to market conditions and Board discretion. The program has no minimum purchase requirement and may be suspended or terminated at any time.

Garrett noted its operational footprint of 6 R&D centers, 13 manufacturing sites and more than 9,000 employees.

Positive

• $250M authorized repurchase for 2026
• Program effective Jan 1, 2026
• Target to return 75% of Adjusted Free Cash Flow to shareholders

Negative

• No minimum repurchase; company may buy $0
• Repurchases may be suspended or terminated at any time
• Timing and amount of dividends and repurchases are at Board discretion

News Market Reaction – GTX

+1.58%

1 alert

+1.58% News Effect

+$50M Valuation Impact

$3.20B Market Cap

4K Volume

On the day this news was published, GTX gained 1.58%, reflecting a mild positive market reaction. This price movement added approximately $50M to the company's valuation, bringing the market cap to $3.20B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

2026 repurchase authorization: $250 million Capital return target: 75% of Adjusted Free Cash Flow Program start date: January 1, 2026 +5 more

8 metrics

2026 repurchase authorization $250 million Maximum aggregate shares to be repurchased in calendar year 2026

Capital return target 75% of Adjusted Free Cash Flow Long-term target through dividends and share repurchases

Program start date January 1, 2026 Commencement of new repurchase program

Current program expiry December 31, 2025 End date of existing repurchase program

R&D centers 6 Global research and development centers

Manufacturing sites 13 Global manufacturing footprint

Employees More than 9,000 Global workforce across 20+ countries

Operating history 70 years Company’s innovation track record in automotive sector

Market Reality Check

Price: $17.48 Vol: Volume 5,043,382 is 2.31x...

high vol

$17.48 Last Close

Volume Volume 5,043,382 is 2.31x the 20-day average of 2,179,208, signaling elevated interest ahead of the new buyback. high

Technical Trading above the 200-day MA with price at 17.09 versus 200-day MA of 12.15, near the 52-week high of 17.905.

Peers on Argus

GTX gained 1.15% with heavy volume, while key peers were mixed: DAN +1.98%, PHIN...

GTX gained 1.15% with heavy volume, while key peers were mixed: DAN +1.98%, PHIN +0.55%, ATMU +1.35%, VC +0.17%, and GT -1.23%. This points to a stock-specific reaction to the buyback news rather than a broad auto-parts move.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Share repurchase plan	Positive	+1.6%	Board approved up to $250M 2026 share repurchase authorization.
Nov 05	Conference participation	Neutral	-0.9%	Announcement of presentation at Baird Global Industrial Conference.
Oct 23	Earnings & dividend	Positive	+19.3%	Q3 2025 beat with outlook raised, dividend increased and debt repayment.
Oct 09	Earnings call notice	Neutral	-0.1%	Scheduling of Q3 2025 results release and investor conference call.
Aug 29	Board resignation	Neutral	-0.5%	Resignation of director tied to sponsor’s reduced ownership stake.

Pattern Detected

Recent history shows strong positive alignment between capital return/earnings news and price moves, while conference and governance updates have produced minimal reactions.

Recent Company History

Over the last few months, Garrett reported stronger Q3 2025 results with higher sales, earnings and cash generation, alongside dividends, debt repayment and share repurchases, which coincided with a 19.34% jump. It also communicated conference participation and an upcoming earnings call with little price impact. A board resignation following a shareholder’s stake reduction saw only a modest move. Today’s $250 million 2026 repurchase authorization continues the capital return theme built on prior buybacks and dividends.

Market Pulse Summary

This announcement detailed a Board-approved $250 million share repurchase program for calendar year ...

Analysis

This announcement detailed a Board-approved $250 million share repurchase program for calendar year 2026, following the current plan’s expiry on December 31, 2025. Management reiterated a goal to return 75% of Adjusted Free Cash Flow via dividends and buybacks, subject to market conditions and Board discretion. In light of recent strong Q3 2025 results and ongoing insider activity, investors may watch future cash flow trends, leverage levels and execution on repurchases and dividends.

Key Terms

share repurchase program, adjusted free cash flow, open market purchases, block trades, +4 more

8 terms

share repurchase program financial

"approved a new share repurchase program for calendar year 2026"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

adjusted free cash flow financial

"return 75% of our Adjusted Free Cash Flow to shareholders over time"

Adjusted free cash flow is the amount of money a company generates from its operations after accounting for essential expenses and investments, like maintaining or upgrading equipment. It shows how much cash is truly available to grow the business, pay debts, or return to shareholders, helping investors see the company's financial health more clearly.

open market purchases financial

"repurchases of shares will be made through open market purchases, block trades"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

block trades financial

"shares will be made through open market purchases, block trades, or in privately"

A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.

privately negotiated transactions financial

"block trades, or in privately negotiated transactions in accordance with"

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

zero emission vehicles technical

"technology solutions for Zero Emission Vehicles, such as fuel cell compressors"

Zero emission vehicles are cars, trucks or other road vehicles that do not emit tailpipe pollutants or greenhouse gases during operation, typically powered by electricity or hydrogen. For investors, they matter because they can shift consumer demand, reduce fuel and maintenance costs, and are favored by regulations and incentives—similar to how switching from a gas lawnmower to an electric one changes running costs and local rules, affecting manufacturers, suppliers and infrastructure winners and losers.

battery electric vehicles technical

"thermal management systems for battery electric vehicles."

Battery electric vehicles are cars and trucks that run entirely on electricity stored in rechargeable batteries, with no gasoline engine or fuel tank. Think of them like an electric appliance on wheels that must be plugged in to recharge; this affects costs, resale value, and how consumers use the vehicle. Investors care because BEVs change demand, production costs, supply chains (battery materials and charging infrastructure), regulatory exposure, and capital needs for manufacturers and suppliers.

forward-looking statements regulatory

"may include “forward-looking statements” within the meaning of the U.S."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

PLYMOUTH, Mich. and ROLLE, Switzerland, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced that its Board of Directors has approved a new share repurchase program for calendar year 2026, authorizing the company to repurchase up to $250 million of the company's outstanding common stock.

This new program will commence on January 1, 2026, following the scheduled expiration of Garrett’s current share repurchase program on December 31, 2025.

“Returning capital to shareholders remains a cornerstone of Garrett’s financial framework,” said Oliver Rabiller, President and CEO Garrett. “Our strong cash flow generation enables us to invest in advanced turbocharging and zero-emission technologies while aiming to return 75% of our Adjusted Free Cash Flow to shareholders over time through dividends and share repurchases.”

The new share repurchase program reflects Garrett’s disciplined approach to capital allocation, balancing investment in growth opportunities with shareholder returns. The Company’s target to return 75% of its Adjusted Free Cash Flow to shareholders is subject to various factors, including industry and market conditions, the price of the Company’s common stock, and alternative uses of capital, and actual returns to shareholders may vary over time. There can be no guarantee as to the timing of the declaration and payment of any dividends, or the amount thereof, which is at the discretion of the Board. Moreover, the new share repurchase plan authorizes management to repurchase shares at such time and prices as it determines are beneficial to the Company and its shareholders. Any repurchases of shares will be made through open market purchases, block trades, or in privately negotiated transactions in accordance with applicable rules and regulations. Under the share repurchase plan, there is no minimum number of shares that the Company is required to repurchase, and the Company may suspend or terminate the repurchase plan at any time.

About Garrett Motion Inc.
A differentiated technology leader, Garrett Motion has a 70-year history of innovation in the automotive sector (cars, trucks) and beyond (off-highway equipment, marine, power generators). Its expertise in turbocharging has enabled significant reductions in engine size, fuel consumption, and CO₂ emissions. Garrett is expanding its positive impact by developing differentiated technology solutions for Zero Emission Vehicles, such as fuel cell compressors for hydrogen fuel cell vehicles, as well as electric propulsion and thermal management systems for battery electric vehicles. Garrett has six R&D centers, 13 manufacturing sites and a team of more than 9,000 employees in more than 20 countries. Its mission is to enable the transportation industry to advance motion through unique, differentiated innovations. For more information, please visit www.garrettmotion.com.

Forward-Looking Statements

This communication and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar expressions. Forward-looking statements represent our current judgment about possible future activities, events, or developments that we expect may occur in the future. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future performance, events, or results, and actual performance, events, or results may differ materially from those envisaged by our forward-looking statements due to a variety of important factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission, including risks related to the automotive industry, the competitive landscape and our ability to compete, and macroeconomic and geopolitical conditions, among others. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law.

Contacts:
INVESTOR RELATIONS

Cyril Grandjean
+1.734.392.5504
investorrelations@garrettmotion.com

FAQ

What did Garrett Motion (GTX) announce on December 3, 2025 about share repurchases?

Garrett announced a Board-approved $250 million share repurchase program for calendar year 2026 beginning Jan 1, 2026.

How will Garrett execute the GTX share repurchase program in 2026?

Repurchases may be made via open-market purchases, block trades, or privately negotiated transactions at management’s discretion.

Does the GTX repurchase program require a minimum share buyback in 2026?

No; under the program Garrett is not required to repurchase any minimum number of shares.

What is Garrett’s stated shareholder return target related to the GTX buyback?

Garrett reiterated a target to return 75% of Adjusted Free Cash Flow to shareholders over time through dividends and repurchases.

When could Garrett suspend or end the GTX 2026 repurchase program?

The company may suspend or terminate the repurchase plan at any time according to the announcement.