ROLLE, Switzerland, July 10, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) , a differentiated technology leader for the automotive industry, today announced it plans to issue financial results for the second quarter 2023 on Thursday, July 27, 2023 before the open of market trading. Garrett will also hold a conference call the same day at 8:30 am EDT / 2:30 pm CET. To participate on the conference call, please... Read More

ROLLE, Switzerland, June 13, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) , a differentiated technology leader for the automotive industry, announced today the conversion of the Company’s Series A Preferred Stock into a single class of Common Stock, simplifying the Company’s capital structure and setting the stage for greater market capitalization, enhanced liquidity, a path to index inclusion, and a more... Read More

First Quarter 2023 Highlights Net sales totaled $970 million, up 8% on a reported basis, up 13% at constant currency* Net income totaled $81 million; Net income margin 8.4% Adjusted EBITDA* totaled $168 million; Adjusted EBITDA margin* of 17.3% Net cash provided by operating activities totaled $92 million Adjusted free cash flow* totaled $88 million Reaffirmed outlook for 2023 ROLLE, Switzerland, April 24, 2023 (GLOBE... Read More

ROLLE, Switzerland, April 17, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced strong preliminary results for first quarter 2023, including year-over-year net sales, net income, adjusted EBITDA, cash flow from operations and adjusted free cash flow. The Company also released its full year financial outlook, including... Read More

Series A Preferred Stock amended to automatically convert into Common Stock on or about July 3, 2023 Conversion would result in a single class of Common Stock with greater liquidity and a multi-billion dollar equity market capitalization Eliminates 11% Series A Preferred dividend, providing over $100 million in annual net cash flow benefits Repurchase of $570 million of Series A Preferred Shares from Centerbridge and Oaktree... Read More

Stronger volumes, robust operational performance, and favorable foreign exchange driving better than expected financial results year to date; full-year net income and Adjusted EBITDA currently forecasted to be at upper end of prior outlook Garrett on track to satisfy the Consolidated EBITDA conversion threshold in its Series A preferred stock in 2023, potentially as early as Q2 2023 Automatic conversion of Series A preferred... Read More

ROLLE, Switzerland, March 08, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated automotive technology provider, today announced that the first quarter dividend for the Series A 11% PIK Preferred Stock will be made in cash and is in lieu of allowing the first quarter dividend to accrete. On March 8, 2023, the Disinterested Directors Committee of the Board of Directors of Garrett... Read More

Fourth Quarter 2022 Highlights Reported net sales totaled $898 million, up 4% on a GAAP basis, up 15% at constant currency* Net income totaled $112 million; Net income margin 12.5% Adjusted EBITDA* totaled $140 million; Adjusted EBITDA margin* of 15.6% Net cash provided by operating activities totaled $137 million Adjusted free cash flow* totaled $132 million YTD 2022 Highlights Net sales totaled $3,603 million, down 1% on a... Read More

ROLLE, Switzerland, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced it plans to issue financial results for the fourth quarter and full year 2022 on Tuesday, February 14, 2023 before the open of market trading. Garrett will also hold a conference call the same day at 8:30 am EDT / 2:30 pm CET. To participate... Read More

ROLLE, Switzerland, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated automotive technology provider, today announced that the fourth quarter dividend for the Series A 11% PIK Preferred Stock will be made in cash and is in lieu of allowing the fourth quarter dividend to accrete. On December 6, 2022, the Disinterested Directors Committee of the Board of Directors of Garrett... Read More

Third Quarter 2022 Highlights Reported net sales totaled $945 million, up 13% on a GAAP basis, up 25% at constant currency* Net income totaled $105 million; Net income margin 11.1% Adjusted EBITDA* totaled $146 million; Adjusted EBITDA margin* of 15.4% Net cash provided by operating activities totaled $61 million Adjusted free cash flow* totaled $120 million Revised full year 2022 outlook YTD 2022 Highlights Net sales... Read More

Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated technology provider for the automotive industry, today announced it plans to issue financial results for the third quarter 2022 on Wednesday, October 26, 2022, before the open of market trading. Garrett will also hold a conference call the same day at 8:30 am EDT / 2:30 pm CET. To view the press release, presentation and SEC filings or to listen to the... Read More

Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated automotive technology provider, today announced that the third quarter dividend for the Series A 11% PIK Preferred Stock will be made in cash and is in lieu of allowing the third quarter dividend to accrete. On September 8, 2022, the Disinterested Directors Committee of the Board of Directors of Garrett declared a quarterly cash dividend of $0.17 per share,... Read More

Second Quarter 2022 Highlights Reported net sales totaled $859 million, down 8% on a GAAP basis, flat at constant currency* Net income totaled $85 million; Net income margin 9.9% Adjusted EBITDA* totaled $138 million; Adjusted EBITDA margin* of 16.1% Net cash used for operating activities totaled $104 million Adjusted free cash flow* totaled $23 million Completed $212 million in prepayments resulting in full redemption of... Read More

Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated technology provider for the automotive industry, today announced it plans to issue financial results for the second quarter of 2022 on Thursday, July 28, 2022 before the open of market trading. Garrett will also hold a conference call the same day at 8:30 am EDT / 3:30 pm CET. To view the press release, presentation and SEC filings or to listen to the... Read More

Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading, differentiated technology provider for the automotive industry, today announced it will redeem all remaining Series B preferred stock on June 28, 2022. “Solid demand across Garrett’s portfolio of products coupled with strong operational agility has continued to generate robust cash flow and will enable us to reach a significant deleveraging milestone, even in a volatile... Read More

First Quarter 2022 Highlights Reported net sales totaled $901 million, down 10% on a GAAP basis and down 6% at constant currency* Net income totaled $88 million; Net income margin 9.8% Adjusted EBITDA* totaled $146 million; Adjusted EBITDA margin* 16.2% Net cash provided by operating activities totaled $73 million Adjusted free cash flow* totaled $38 million Updated 2022 outlook for global auto production volumes and foreign... Read More

Garrett Motion Inc. (Nasdaq: GTX) , a leading differentiated automotive technology provider, will be showcasing cutting-edge electric-boosting technologies at the Vienna Motor Symposium as the automotive industry accelerates toward safer, more connected, efficient and environmentally-friendly vehicles. The technology line-up... Read More

Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated technology provider for the automotive industry, today announced it plans to issue financial results for the first quarter 2022 on Thursday, April 28, 2022 before the open of market trading. Garrett will also hold a conference call the same day at 8:30 am Eastern Time / 2:30 pm Central European Time. To participate on the conference call, please dial... Read More

Fourth Quarter 2021 Highlights Reported net sales totaled $862 million, down 14% on a GAAP basis and 13% at constant currency* Net income totaled $128 million; Adjusted net income* was $78 million Adjusted EBITDA* totaled $129 million; Adjusted EBITDA margin* improved to 15.0% Net cash provided by operating activities totaled... Read More

Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated technology provider for the automotive industry, today announced it plans to issue financial results for the fourth quarter and full year of 2021 for the twelve months ended December 31, 2021 on Monday, February 14, 2022 before the open of market trading. Garrett will also hold a conference call the same day at 8:30 am Eastern Time / 2:30 pm Central European... Read More