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ROLLE, Switzerland, April 11, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the first quarter 2024 on Thursday, April 25, 2024, before the open of market trading. Garrett will hold a conference call the same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (US) or +1-412-902-6506 (international) and use the passcode 1134891. The con ...

• Diesel growth driven by higher production primarily in Europe % change1 11% 5% (16)% (2)% 48% 3% 6 Adjusted EBITDA1 bridge: Q4 and FY 2022 – 2023 89 (79) 15.8% Adj EBITDA 20221 Volume Product Mix 38 Inflation Passthrough (30) Commodity, Transportation 61 Productivity, SG&A - net (14) R&D 0 FX $570 +$55M operating performance improvement year-over-year $635 net of Price and Energy Inflation 15.3% • Global light vehicle production growth with recovery from semiconductor and COVID-19 Q4 AND FULL YEAR 2023 FI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K __________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____to_____ Commission File Number 001-38636 __________________________ Garrett Motion Inc. (Exact name of registrant as specified in it ...

Garrett Motion Inc. (NASDAQ:GTX) Q3 2023 Earnings Conference Call October 24, 2023 8:00 AM ET Company Participants Eric Burge - Head of 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 Operator Hello. My name is Drew and I'll be your operator this morning. I would like to welcome everyone to the Garrett Motion Third Quarter Financial Results Conference Call. ...

October 24, 2023 ($M) $152 $57 Adjusted EBITDA Q3 2023 (41) Change in Working Capital (11) Cash Taxes (24) Capital Expenditures (21) Cash Interest 2 Other Adjusted Free Cash Flow Q3 2023 2 1 1 1 Reconciliations of Non-GAAP financial measures are included in Appendix Other • Strong liquidity position of $732M | --- | --- | --- | |---------------------------------------------|---------|---------| | | Q2 2023 | Q3 2023 | | Unrestricted Cash 1 | 478 | 162 | | Undrawn Revolver Credit Facility | 570 | 570 | | Tot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________ FORM 10-Q ________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-38636 _______ ...

Financial Data and Key Metrics Changes - In Q2 2023, the company reported net sales of over $1 billion, an increase of 18% on a reported basis and 19% on a constant currency basis compared to the same quarter last year [14][52] - Adjusted EBITDA for the quarter was $170 million, up from $138 million in the same period last year, with an adjusted EBITDA margin of 16.8%, up from 16.1% [10][26] - Adjusted free cash flow reached $140 million, significantly up from $23 million in Q2 2022, driven by favorable working capital [10][27] Business Line Data and Key Metrics Changes - Gasoline products saw a 34% increase at constant currency, contributing $118 million to sales, now comprising 45% of reported net sales [28] - Diesel products grew by 9% in constant currency, adding $21 million to sales, now making up 26% of total sales [29] - Commercial vehicles increased by 10% at constant currency, representing 17% of total net sales, driven by a favorable product mix [29] - The aftermarket business grew by 6% at constant currency, now comprising 11% of net sales [30] Market Data and Key Metrics Changes - Regional sales breakdown showed 49% of Q2 sales from Europe, 30% from Asia, and 19% from North America [26] - The company noted a stabilization in supply chains, contributing positively to working capital and cash flow generation [27] Company Strategy and Development Direction - The company is focused on zero-emission technologies, aiming for $1 billion in annual sales from these products by 2030, with a commitment to maintaining or improving margins [24][46] - Recent product wins in differentiated technologies, including E-Compressor and E-Cooling compressor, are expected to enhance the company's market position [19][22] - The company plans to pay down $200 million of debt in Q3 as part of its strategy to achieve a net leverage ratio of two times by the end of 2024 [18][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong operational execution and ability to convert revenue into earnings and cash flow despite a volatile macroeconomic environment [43] - The outlook for 2023 has been raised, with expectations of net sales of $3.93 billion and adjusted EBITDA of $645 million [41][48] - Management acknowledged ongoing regional industry risks, including UAW negotiations in North America and economic conditions in China [32] Other Important Information - The company completed a capital structure transformation by converting all Series A shares into common shares, increasing market capitalization to about $2 billion [45][54] - The share repurchase authorization was increased to $250 million, with $80 million already utilized as of July 25 [16][36] Q&A Session Summary Question: What are the expectations for sequential sales increases? - Management indicated that while there may not be significant sequential increases, the forecast aligns closely with initial expectations, influenced by product mix and global conditions [62] Question: Will the shift in product mix affect EBITDA margins? - Management reassured that while there may be short-term fluctuations, the long-term margin profile remains intact, with gasoline business expected to perform at previously stated margins [63] Question: Are zero-emission deals translating into revenue this fiscal year? - Management confirmed that there is already some revenue from fuel cell compressors, with expectations for progressive boosts as predevelopment programs transition to production [65]

July 27, 2023 Q2 2023 FINANCIAL RESULTS Non-GAAP Financial Measures This presentation includes the following Non-GAAP financial measures which are not calculated in accordance with generally accepted accounting principles in the United States ("GAAP"): constant currency net sales growth, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Consolidated EBI TDA, Adjusted Free Cash Flow, and Debt (gross and net, including and excluding Series B preferred stock) to Consolidated EBITDA. The Non-GAAP financial measu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________ FORM 10-Q ________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-38636 ____________ ...