ROLLE, Switzerland and PLYMOUTH, Mich., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced the adoption of a long-term capital allocation framework, under which the Company will target returning 75% or more of its Adjusted Free Cash Flow to shareholders over time through a com...
Garrett Motion Inc. (NASDAQ:GTX ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Eric Burge – Head-Investor Relations Olivier Rabiller – President and Chief Executive Officer Sean Deason – Senior Vice President and Chief Financial Officer Conference Call Participants Hamed Khorsand – BWS Financial Michael Ward – Freedom Capital Brian Sponheimer – Gabelli Funds...
Third Quarter 2024 Financial Highlights Net sales totaled $826 million, down 14% on a reported and constant currency* basis Net income totaled $52 million; Net income margin of 6.3% Adjusted EBITDA* totaled $144 million; Adjusted EBITDA margin* of 17.4% Net cash provided by operating activities totaled $67 million Adjusted free cash flow* totaled $71 million Third Quarter 2024 Business Highligh...
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NYSE: GTX) and China National Heavy Duty Truck Group Co., Ltd.
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ: GTX), a global leader in automotive technology, announced today the establishment of a new zero-emission innovation center in Wuhan, China.
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the third quarter 2024 on Thursday, October 24, 2024, before the open of market trading in the United States.
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Garrett Motion (GTX) is well-positioned to benefit from ongoing demand for turbochargers, with market growth expected between 7.0% and 9.6% CAGR. Despite the rise of EVs, GTX's strong R&D in zero-emission solutions and established manufacturer relationships ensure its relevance in the future automotive landscape. GTX's Q2 results showed improved margins and strong cash flows despite reduced gui...
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