Garrett Motion

Harbor Mid Cap Value Fund named Garrett Motion as a material contributor in Q2 after the company reported a strong first-quarter earnings beat and raised guidance. Garrett has generated solid cash flow and has been repurchasing stock aggressively, driving nearly 100% gains before recent pullbacks. As of September 4, Garrett Motion closed at $26.66, with a one-month return of -3.58%, a 52-week gain of 111.73% and a market cap of $4.97 billion; hedge fund ownership rose to 49 portfolios in Q2. » Mere på finance.yahoo.com

Fitch has raised Garrett Motion’s Long-Term Issuer Default Rating from BB to BB+ with a stable outlook and simultaneously upgraded its senior unsecured notes to BB+ and senior secured notes to BBB-. The agency expects an EBITDA gross leverage of around 2.0x by the end of 2026, supported by a planned voluntary partial repayment of a bullet loan in H1 2026 as well as strong profitability and cash flow generation. Garrett’s adjusted EBIT margin was 15.6% in Q2 2026; Fitch forecasts margins of 15–16% through 2029 and sees growth potential outside the automotive sector, with the company targeting more than USD 1 billion in industrial applications revenue by 2030. » Mere på de.investing.com

Garrett Motion beat expectations in the second quarter with revenue of $976 million and adjusted earnings per share of $0.53; the adjusted EBIT margin rose 200 basis points to 15.6%. The company raised its 2026 revenue forecast to $3.7–3.9 billion and net income to $300–360 million and announced a quarterly dividend of $0.08. Several new large orders, including a turbocharger program in North America and orders for Garrett‑MEG and industrial air compression, supported the positive market reaction (premarket +3.6%). » Mere på de.investing.com