GTX Research | Milton Maxwell

GTX

Garrett Motion Inc.

16.85

-0.02-0.12%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

FY Q3 '25

Q&A clarifies mix, zero-emission details

10/22/25Oct 22, 2025

Q&A largely reaffirmed Q3 strength and raised guidance but unpacked margin mix: lower-margin Chinese gasoline wins, stabilizing commercial vehicle weakness with green shoots in China off-highway, and aftermarket destocking. Zero-emission details sharpened—E-Powertrain ramps from 2027 via wins like Hande, E-Cooling traction surges in industrial data centers via superior efficiency. Gen sets already delivered $100M for backup power. Diesel rebounds in Europe/NA, yet diesel share shrinks to light commercials. Capital returns target 75% FCF. Punchy confidence; watch cycle bottoms, zero-emission awards.

Key Stats

Market Cap

3.40B

P/E (TTM)

10.80

Basic EPS (TTM)

1.56

Dividend Yield

0.01%

Recent Filings

10-Q

Q3 FY2025 results

10/23/25Oct 23, 2025

Garrett Motion posted Q3 net sales of $902M, up 9% y/y from $826M, with gross profit climbing to $186M (20.6% margin) from $166M (20.1%), fueled by higher gasoline and diesel volumes in Europe and China yet dinged by aftermarket softness. Net income hit $77M, or $0.38 diluted EPS—confirming against 202M shares—while interest expense dropped to $29M from $37M on cheaper debt. Cash swelled to $230M, operating cash flow reached $314M YTD (FCF $263M derived), supporting $136M share repurchases and $36M dividends amid $1.5B debt. Solid margins persist. Aftermarket demand lags.

8-K

Q3 sales soar 9%

10/23/25Oct 23, 2025

Garrett Motion crushed Q3 with $902M net sales, up 9% reported and 6% constant currency, driving $77M net income and 14.7% Adjusted EBIT margin. Cash gushed: $107M adjusted free cash flow funded $84M share repurchases and $50M Term Loan payback, while hiking the dividend 33% to $0.08/share. Raised 2025 outlook midpoints across key metrics. Strong wins keep turbo leadership humming.

8-K

GC Maironi retiring 2026

9/26/25Sep 26, 2025

Garrett Motion's SVP, General Counsel & Corporate Secretary Jerome Maironi announced retirement effective March 31, 2026, stepping down from his role October 1, 2025, while aiding transition. No successor named yet. Smooth handover planned.

8-K

Mahony resigns post-Centerbridge sale

8/29/25Aug 29, 2025

Garrett Motion director Kevin Mahony resigned from the Board effective August 27, 2025, following Centerbridge's divestiture of a significant stake, now under 5%. No disputes noted. Board shrinks quietly.

8-K

Term loan repriced lower

8/7/25Aug 7, 2025

Garrett Motion repriced its $690 million term loan due 2032 on August 6, 2025, cutting rates to SOFR plus 200bps (Term Benchmark) or 100bps (ABR), a 25bps drop. Non-consenting lenders were replaced by JPMorgan; soft call protection resets for six months. Interest expense falls sharply.

About

Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors in the United States, Europe, Asia, and internationally. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications. It also provides mechanical and electrical products for turbocharging and boosting internal combustion engines, as well as compressing air for fuel cell compressors, and compressing refrigerant for electric cooling compressors. It offers its products in the aftermarket through distributors. Garrett Motion Inc. was incorporated in 2018 and is based in Rolle, Switzerland.

CEO

Mr. Olivier Rabiller

IPO

9/17/2018

Website

https://www.garrettmotion.com

Employees

6,600

Sector

Consumer Cyclical

Industry

Auto Parts