Garrett Motion Stock Price, News & Analysis

Garrett Motion (Nasdaq: GTX), a leading automotive technology provider, has been added to the Russell 2000® Index effective June 27, 2025, as part of the annual Russell indexes reconstitution. The company will maintain its position in the index for one year and will automatically be included in corresponding growth and value indexes.

CEO Olivier Rabiller highlighted this milestone as a reflection of Garrett's progress in expanding its global leadership in turbo technologies across passenger vehicles, commercial vehicles, and industrial applications, while also advancing zero-emission mobility solutions. The addition also demonstrates the positive impact of the company's capital structure transformation and disciplined capital allocation approach.

According to FTSE Russell data, approximately $10.6 trillion in assets are benchmarked against Russell US indexes as of June 2024, underlining the significance of this inclusion for Garrett Motion's market visibility and potential investor exposure.

Garrett Motion (NASDAQ: GTX) has inaugurated its second innovation center in China, located at its Wuhan Plant. The new facility strengthens the company's zero-emission R&D capabilities, forming a dual innovation hub alongside its Shanghai R&D Center.

The Wuhan Innovation Center will focus on developing zero-emission technologies, including high-speed E-Powertrain systems that reduce system size and weight by up to 40% while cutting critical materials usage by ~30%. The facility has already achieved a significant milestone with its first series production order from HanDe for heavy-duty trucks.

Building on 20 years of innovation in China, Garrett's expansion demonstrates its commitment to advancing zero-emission mobility solutions, including 3-in-1 E-Powertrain systems, E-Cooling refrigerant compressors, and fuel cell compressors for both automotive and industrial applications.

Garrett Motion (Nasdaq: GTX) has announced a secondary public offering of 17 million shares of common stock by its major stockholders Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners. The underwriters have a 30-day option to purchase an additional 2.55 million shares. Concurrent with this offering, Garrett plans to repurchase approximately 2 million shares (up to $25 million) as part of its existing $250 million share repurchase program. The company will not receive any proceeds from the offering as all proceeds will go to the selling stockholders. Goldman Sachs and J.P. Morgan are leading the offering as lead bookrunners, with several other major financial institutions serving as joint bookrunning managers.

Garrett Motion (GTX) reported Q1 2025 financial results with net sales of $878 million, down 4% year-over-year. The company achieved a net income of $62 million with a 7.1% margin and Adjusted EBIT of $131 million with a 14.9% margin. A significant milestone was reached with their first major series production award for electric motors in heavy-duty truck applications, with production expected to start in 2027. The company maintained strong liquidity of $760 million and continued shareholder returns through a $0.06 per share dividend and $30 million in share repurchases. Despite lower sales, Garrett improved operational efficiency with higher gross profit margins of 20.4% compared to 18.8% in Q1 2024. The company reiterated its full-year 2025 outlook, expecting net sales between $3.3-3.5 billion.

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.