Garrett Motion

Call Start: 8:30 January 1, 0000 9:01 AM ET Garrett Motion Inc. (NASDAQ:GTX ) Q4 2024 Earnings Conference Call February 20, 2025 8:30 AM ET Company Participants Cyril Grandjean – Vice President, Investor Relations and Treasurer 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 Operator Hello. My name is Megan and I will be your operator this morning.» Mehr auf seekingalpha.com

Garrett Motion (GTX) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.22 per share a year ago.» Mehr auf zacks.com

Fourth Quarter 2024 Financial Highlights Net sales totaled $844 million , down 11% on a reported basis, down 10% at constant currenc y* Net income totaled $100 million; Net income margin 11.8% Adjusted EBITDA* totaled $153 million; Adjusted EBITDA margin* of 18.1% Net cash provided by operating activities totaled $131 million Adjusted free cash flow* totaled $157 million Full Year 2024 Financial Highlights Net sales totaled $3,475 million, down 11% on a reported basis, down 10% at constant currency* Net income totaled $282 million; Net income margin 8.1% Adjusted EBITDA* totaled $598 million; Adjusted EBITDA margin* of 17.2% Net cash provided by operating activities totaled $408 million Adjusted free cash flow* totaled $358 million Repurchased $296 million of common shares; 13% share reduction year-over-year Full Year 2024 Business Highlights Continuing to win in turbo across all geographies, including with new players and across all hybrid types Secured contracts for marine and back-up power with our largest turbocharger for start of production in 2026 Entered into letter of intent with SinoTruk to co-develop e-powertrain systems for light and heavy trucks by 2027 Recogniz ed with 2024 Stellantis Innovation Award for our differentiated zero-emission technologies OEM customers validated our proprietary 3-in-1 E-powertrain high-speed technology, revolutionary refrigerant compression technology and broad range of highly efficient fuel cell compressors PLYMOUTH, Mich. and ROLLE, Switzerland, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three and twelve months ended December 31, 2024.» Mehr auf globenewswire.com