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.
Garrett Motion Inc. (NASDAQ: GTX) is described in its public communications as a differentiated automotive technology provider with a long history in turbocharging and growing activities in zero-emission vehicle technologies. The GTX news page on Stock Titan aggregates company press releases and third-party coverage so readers can follow how these themes develop over time.
According to recent announcements, Garrett reports quarterly financial results, updates its full-year outlook, and communicates decisions on dividends, share repurchase programs and debt management. These items appear in earnings releases, Form 8-K filings and related press releases, giving investors insight into revenue trends, margins, cash flow and capital allocation priorities.
Garrett’s news flow also highlights business developments such as new light vehicle turbo program awards, commercial vehicle and industrial contracts, milestones in E-Powertrain, E-Cooling and fuel cell programs, and the opening of innovation centers like the Wuhan Innovation Center in China. The company uses these updates to describe progress in turbocharging, electrification and zero-emission technologies across passenger vehicles, commercial vehicles and industrial applications.
Corporate governance and organizational changes, including board and executive transitions, are disclosed through press releases and current reports. In addition, index membership updates, such as Garrett’s inclusion in the Russell 2000 Index, are communicated as part of its capital markets profile.
By reviewing GTX news on this page, readers can track Garrett Motion’s reported operating performance, technology initiatives and financing actions in one place. Regular updates tied to official company communications and regulatory disclosures help investors and observers monitor how the company presents its strategy in turbocharging and zero-emission technologies over time.
Garrett Motion Inc. (Nasdaq: GTX, GTXAP) reported stronger than expected year-to-date financial results, forecasting full-year net income and Adjusted EBITDA at the upper end of previous guidance. Key drivers include robust industry volumes, operational excellence, and favorable foreign exchange. The company is on track to meet the Consolidated EBITDA threshold for automatic conversion of Series A preferred stock, contingent on achieving a 75-day volume-weighted average price exceeding $7.875 per share. The current VWAP is $7.70. Full-year 2023 guidance includes net sales of $3.55 billion to $3.85 billion and Adjusted EBITDA of $555 million to $615 million.
Garrett Motion Inc. (Nasdaq: GTX, GTXAP) announced a quarterly cash dividend of $0.17 per share for its Series A 11% PIK Preferred Stock, instead of allowing the dividend to accrete. The dividend will be paid on April 3, 2023, to shareholders on record as of the close of business on March 22, 2023. This decision reflects the company's commitment to providing immediate shareholder returns while navigating its capital structure. Garrett Motion, a leader in automotive technology, focuses on enhancing vehicle efficiency and connectivity. For detailed information, visit Garrett Motion's website.
Garrett Motion Inc. (Nasdaq: GTX, GTXAP) reported Q4 2022 net sales of $898 million, a 4% increase from Q4 2021, and a 15% rise at constant currency. The company achieved a net income of $112 million with a 12.5% margin. For the full year, net sales fell 1% to $3.6 billion, amid a 10.8% net income margin. Adjusted EBITDA for Q4 2022 rose 8.5% to $140 million, with a margin of 15.6%. Garrett anticipates 2023 net sales between $3.55 billion and $3.85 billion, with a focus on electrification technologies. The company ended 2022 with $721 million in liquidity, including $246 million in cash.
Garrett Motion Inc. (Nasdaq: GTX, GTXAP) announced plans to release its financial results for the fourth quarter and full year 2022 on February 14, 2023, before market opens. A conference call will follow at 8:30 am EDT, accessible via phone and webcast, with supporting material available on Garrett's investor relations website. With over 65 years in the industry, Garrett specializes in automotive technologies, including turbocharging and electric boosting solutions, aimed at enhancing vehicle efficiency and connectivity. For more information, visit www.garrettmotion.com.
Garrett Motion Inc. (Nasdaq: GTX, GTXAP) has declared a cash dividend of $0.17 per share for its Series A 11% PIK Preferred Stock, replacing the accrual option for the fourth quarter. This dividend will be paid on January 3, 2023, to shareholders on record by December 20, 2022.
Garrett Motion has been a leader in automotive technology for over 65 years, focusing on cleaner, more efficient vehicles through their innovative turbocharging and electric boosting solutions.
Garrett Motion reported Q3 2022 net sales of $945 million, a 13% increase year-over-year, with net income at $105 million, reflecting an 11.1% margin. Adjusted EBITDA rose to $146 million while the adjusted EBITDA margin decreased to 15.4%. Year-to-date net sales totaled $2,705 million, down 2% on a GAAP basis. The company revised its full-year 2022 outlook, expecting net sales between $3.57 billion and $3.67 billion. Garrett aims to maintain strong cash flow, evidenced by $120 million in adjusted free cash flow for Q3.
Garrett Motion Inc. (Nasdaq: GTX, GTXAP) announced plans to release its third-quarter financial results on October 26, 2022, prior to market opening. The company will conduct a conference call at 8:30 am EDT to discuss the results. Interested participants can register for the call through their investor relations website. Garrett Motion has over 65 years of experience in the automotive technology industry, focusing on innovative solutions such as turbocharging and electric boosting for cleaner and more efficient vehicles.
Garrett Motion (Nasdaq: GTX, GTXAP) declared a cash dividend of $0.17 per share for the Series A 11% PIK Preferred Stock, payable on October 3, 2022. This decision follows the complete repayment of the Series B preferred stock and aims to mitigate the impact of compounding interest and future dilution. The dividend will benefit holders of record as of September 23, 2022. CEO Olivier Rabiller highlighted that consistent cash generation in a volatile market has facilitated significant deleveraging efforts.
Garrett Motion reported Q2 2022 net sales of $859 million, down 8% year-over-year. Net income decreased to $85 million, reflecting a 9.9% margin. Adjusted EBITDA was $138 million with a margin of 16.1%. The company noted challenges from semiconductor shortages and the impact of COVID-related lockdowns in China. Despite these obstacles, Garrett reaffirmed its full-year 2022 outlook for net sales between $3.5 and $3.7 billion, anticipating a growth of 5% to 10% at constant currency.
Garrett Motion Inc. (Nasdaq: GTX, GTXAP) has announced its upcoming financial results for Q2 2022, scheduled for release on July 28, 2022, before market opening.
A conference call will follow on the same day at 8:30 am EDT / 3:30 pm CET. Investors can access the press release and listen to the webcast via the Investor Relations section of their website. Garrett, a leader in automotive technology for over 65 years, provides solutions that enhance vehicle safety, connectivity, and efficiency.
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