Garrett Motion, Inc. Stock News

Yesterday, shares of Garrett Motion (GTX 7.44%) fell 10% after the company announced a big secondary offering. Today, the stock is making back most of what it lost.

Auto component manufacturer Garrett Motion (GTX -10.67%) announced a big secondary offering, meaning more shares on the market. Investors are responding by lowering the value of the shares already out there, sending Garrett down 10% as of 10:45 a.m.

PLYMOUTH, Mich. and ROLLE, Switzerland, May 20, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (“Garrett” or the “Company”), a leading differentiated automotive technology provider, today announced a proposed secondary public offering of 17,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Oaktree Capital Management, L.P.

Garrett Motion Inc. (GTX) Q1 2025 Earnings Call Transcript

First Quarter 2025 Financial Highlights Net sales totaled $878 million, down 4% on a reported basis and down 2% on a constant currency* basis Net income totaled $62 million; Net income margin of 7.1% Adjusted EBIT* totaled $131 million; Adjusted EBIT margin* of 14.9% Net cash provided by operating activities totaled $56 million Adjusted free cash flow* totaled $ 36 million Reiterating full-year...

Garrett Motion is evolving into a cash flow machine and has an emerging EV and industrial component portfolio. Turbochargers remain crucial for fuel efficiency, with Garrett holding a strong market position, especially in PHEVs and REEVs, despite BEV market growth concerns. GTX invests heavily in zero-emission technologies, targeting $1 billion in sales by 2030, with innovations in E-Powertrain...

ROLLE, Switzerland and PLYMOUTH, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ: GTX), a leading differentiated automotive technology provider and Shaanxi Hande Axle Co., Ltd.

First public showcase in China of 3-in-1 E-Powertrain and E-Cooling Compressor technologies, advancing zero-emission vehicle performance Differentiated turbocharging solutions for passenger and commercial vehicles, supporting emissions reduction and efficiency Hybrid-optimized boosting solutions to maximize fuel economy in PHEV and REEV applications ROLLE, Switzerland and PLYMOUTH, Mich., April...