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Garrett Motion Inc. - $GTX STOCK NEWS

Welcome to our dedicated page for Garrett Motion news (Ticker: $GTX), a resource for investors and traders seeking the latest updates and insights on Garrett Motion stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Garrett Motion's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Garrett Motion's position in the market.

Rhea-AI Summary
Garrett Motion Inc. announces Q3 2023 financial results, with net sales of $960 million, up 2% on a reported basis. Adjusted EBITDA totaled $152 million, and net cash provided by operating activities was $74 million. The company also repaid $200 million of debt and repurchased $161 million of Common Stock. However, the revised 2023 outlook range for currency headwinds has been narrowed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
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Rhea-AI Summary
Garrett Motion Inc. plans to issue financial results for Q3 2023 on October 24, 2023. Conference call and webcast to be held on the same day. Replay and webcast will be available on Garrett's website.
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0.13%
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Rhea-AI Summary
Garrett Motion Inc. (Nasdaq: GTX) - Q2 2023 Highlights: Net sales of $1,011 million, up 18%, net income of $71 million, raising 2023 outlook. Strong performance in operational metrics, new product wins in electric solutions. Expected Q3 early debt repayment of $200 million.
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4.44%
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0.67%
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-2.63%
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Rhea-AI Summary
Garrett Motion Inc. has announced the conversion of its Series A Preferred Stock into a single class of Common Stock. This move aims to simplify the company's capital structure and increase market capitalization and liquidity. The conversion will also allow Garrett to engage more effectively with the investment community. Trading of the Series A Preferred Stock on Nasdaq has been suspended, and each holder will receive one share of Garrett's Common Stock for each share of Series A Preferred Stock previously held. Additionally, holders will receive a payment of accrued and unpaid dividends on the Series A Preferred Stock through June 30, 2023, as well as dividends that would have accrued through September 30, 2023.
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2.97%
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Rhea-AI Summary
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-0.61%
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-0.62%
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1.52%
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-0.85%
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Garrett Motion Inc.

Nasdaq:GTX

GTX Rankings

GTX Stock Data

2.11B
149.88M
0.69%
90.66%
2.38%
Other Motor Vehicle Parts Manufacturing
Manufacturing
Link
United States of America
ROLLE

About GTX

garrett motion is an automotive technology leader, serving vehicle manufacturers worldwide for more than 65 years. garrett’s cutting-edge technology enables vehicles to become cleaner, more efficient and connected. the company’s broad offering of gas and diesel turbocharging applications, electric boosting and fuel cell technologies and automotive software solutions empowers the transportation industry to redefine and further advance motion.