Garrett Motion Earnings Reports

Garrett Motion delivered strong third-quarter results with net sales up 9% year over year to $902 million and net income rising to $77 million. The company expanded its adjusted EBIT margin to 14.7% and adjusted EBITDA margin to 18.2%, supported by cost efficiencies and productivity gains. Free cash flow reached $107 million, enabling debt repayment and a dividend increase. Garrett also raised its full-year 2025 outlook.

Garrett Motion reported a solid start to 2025 with strong first-quarter results despite a challenging industry environment, driven by outstanding operating performance and the positive impact of structural cost savings from 2024. Net sales decreased slightly, but gross profit and Adjusted EBIT margins improved. The company also secured its first major series production award for electric motors, highlighting progress in zero-emission technologies.

Garrett Motion reported Q4 2024 revenue of $844 million, down 11% year-over-year, primarily due to lower diesel production volumes in Europe and weaker gasoline demand in China and North America. However, net income increased to $100 million, with a net income margin of 11.8%, driven by lower interest expenses and tax benefits. The company also generated strong free cash flow of $157 million and maintained solid operating performance.

Garrett Motion's Q3 2024 net sales totaled $826 million, a 14% decrease year-over-year. Net income was $52 million with a margin of 6.3%. Adjusted EBITDA was $144 million, representing a 17.4% margin. The company generated $71 million in adjusted free cash flow and continued share repurchases.

Garrett Motion reported net sales of $890 million, a decrease of 12% year-over-year. Net income was $64 million with an adjusted EBITDA of $150 million. The company repurchased $65 million of common stock and issued $800 million of senior unsecured notes to partially repay its Term Loan B.

Garrett Motion reported net sales of $915 million, a decrease of 6% compared to the previous year. The company's adjusted EBITDA was $151 million, with a margin of 16.5%. They also generated $68 million in adjusted free cash flow and repurchased $109 million of common stock.

Garrett Motion's Q4 2023 results showed a 5% increase in net sales to $945 million and a net income of $52 million. The company's adjusted EBITDA stood at $145 million. They also announced a new $350 million share repurchase program.

Garrett Motion's Q3 2023 net sales were $960 million, up 2% year-over-year. Net income was $57 million, with an adjusted EBITDA of $152 million. The company repaid $200 million of debt and repurchased $161 million of common stock.

Garrett Motion reported strong second-quarter results, driven by operational excellence and strong customer demand. Net sales increased by 18% to $1,011 million, and adjusted EBITDA reached $170 million. The company is raising its full-year outlook for 2023 and planning an early debt repayment of $200 million in Q3.

Garrett Motion reported a strong start to 2023, with revenue growth significantly outpacing the global light vehicle industry. Key highlights include a net sales increase of 8% to $970 million, net income of $81 million, and adjusted EBITDA of $168 million. The company reaffirmed its outlook for 2023, anticipating continued growth and strong financial performance.

Garrett Motion reported fourth-quarter net sales of $898 million, a 4% increase on a GAAP basis and a 15% increase at constant currency. Net income was $112 million, with an adjusted EBITDA of $140 million. The company expects to profitably grow share of demand and generate strong free cash flow in 2023.

Garrett Motion reported a strong third quarter with net sales of $945 million, a 13% increase, and net income of $105 million. The company's performance was driven by volume recovery and effective inflation management, leading to robust cash generation. The company has revised its full year 2022 outlook and expects stable fourth quarter demand.

Garrett Motion Inc. reported a decrease in net sales by 8% on a GAAP basis, but was flat at constant currency. Net income totaled $85 million with a net income margin of 9.9%. Adjusted EBITDA totaled $138 million with an adjusted EBITDA margin of 16.1%. The company completed $212 million in prepayments, resulting in full redemption of Series B preferred stock and updated its full year 2022 outlook.

Garrett Motion reported a decrease in net sales by 10% to $901 million, with a net income of $88 million. The adjusted EBITDA was $146 million, and adjusted free cash flow was $38 million. The company updated its 2022 outlook to adjust for reduced volume expectations and lower Euro to Dollar exchange rates.

Garrett Motion reported Q4 2021 net sales of $862 million, a 14% decrease compared to Q4 2020. Net income was $128 million, while adjusted EBITDA was $129 million, with an adjusted EBITDA margin of 15.0%. Adjusted free cash flow totaled $151 million, with a conversion rate of 194%.

Garrett Motion reported a 4.4% increase in net sales to $839 million, with a 2.2% increase at constant currency. Adjusted EBITDA increased to $134 million, and the Adjusted EBITDA margin improved to 16.0%. The company is focused on enhancing its capital structure and pursuing growth opportunities in electrification.

Garrett Motion Inc. reported a significant increase in net sales, reaching $935 million, up 82.6% at constant currency. Net income available to common shareholders totaled $385 million, while Adjusted EBITDA increased to $168 million with an improved margin of 18.0%. The company completed its financial restructuring and emerged from Chapter 11 on April 30, 2021.

Garrett Motion reported a strong start to 2021 with net sales of $997 million, a 33.8% increase year-over-year. The company's Adjusted EBITDA increased to $176 million, with an improved margin of 17.7%. Adjusted free cash flow more than doubled to $162 million.

Garrett Motion reported a decrease in net sales by 40.5% to $477 million, with a net loss of $9 million, or ($0.12) per share. Adjusted EBITDA decreased to $63 million, representing a 13.2% margin. The company faced challenges due to COVID-19, including manufacturing shutdowns and reduced demand, but implemented cost controls and adapted its operations.

Garrett Motion reported a decrease in net sales of 10.8% to $745 million in Q1 2020. Net income was $52 million, or $0.68 per diluted share. The company focused on cost management and maintaining liquidity in response to the COVID-19 pandemic.

Garrett Motion Inc. reported a 3.9% increase in net sales to $830 million for Q4 2019. Net income was $136 million, or $1.79 per diluted share. Adjusted EBITDA decreased slightly to $137 million, with a margin of 16.5%. The company reduced net debt and focused on rebalancing its portfolio.