Garrett Motion (GTX) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are better ...

ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the third quarter 2024 on Thursday, October 24, 2024, before the open of market trading in the United States. 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 (internati ...

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PRINCETON, N.J., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Acasti Pharma Inc. (Nasdaq: ACST) (Acasti or the Company), a late-stage, biopharma company advancing GTX-104, its novel injectable formulation of nimodipine that addresses high unmet medical needs for a rare disease, aneurysmal subarachnoid hemorrhage (aSAH), today announced that patient enrollment has been completed in the Company's Phase 3 STRIVE-ON safety trial (the STRIVE-ON trial–NCT05995405). The STRIVE-ON trial is a prospective, open-label, randomiz ...

Garrett Motion (NASDAQ: GTX ) stands to benefit from the continued demand for turbochargers. The market is expected to continue growing between a 7.0% and 9.6% CAGR from here, meaning the majority of GTX's revenue is protected I hold a Master's in Accounting, am a small business owner, and am an assistant investing educator for beginning and intermediate individual investors. My investing analysis focus is on identifying and developing deep knowledge of great businesses. I have helped manage businesses, spe ...

Investing in low-cost growth stocks requires understanding the underlying companies' fundamentals. Monitoring the core metrics and operational strengths is vital to assessing a company's long-term viability and growth potential. Take, for instance, the first company, which shows remarkable improvement in credit performance with a notable reduction in its net charge-off rate. Meanwhile, the second company successfully exceeds its cost reduction targets. It significantly lowered operating expenses and boosted ...

Financial Data and Key Metrics - Net sales decreased by 12% on a GAAP basis and 10% at constant currency, driven by industry softness across all verticals and regions except for aftermarket, which increased by 7% [7] - Adjusted EBITDA margin improved to 16.9%, up 40 basis points sequentially, despite a $121 million decrease in reported net sales [28][32] - Adjusted free cash flow was $62 million, impacted by a $52 million change in working capital, with expectations of improvement in the second half of the year [13] - Full-year adjusted EBITDA midpoint revised to $608 million, reflecting lower production in light and commercial vehicle industries [34] Business Line Performance - Gasoline and diesel products sales decreased by 15% and 14%, respectively, impacting net sales by $107 million [1] - Commercial vehicle sales decreased by 2% at constant currency, but increased to 18% as a percentage of net sales, driving favorable mix dynamics [1] - Aftermarket business increased by 7% at constant currency, contributing $8 million to net sales and comprising 14% of total sales [1] - Zero-emission vehicle technology saw significant progress, with a first series production contract secured for fuel cell compressors in commercial vehicles [12] Market Performance - Industry softness was observed across all regions except for aftermarket, which showed growth [7] - China experienced a strong price war in the light vehicle gasoline and hybrid segment, impacting volumes for both global and local brands [42] - Europe and Korea also faced weak market conditions, with commercial vehicle and off-highway segments underperforming [46] Strategic Direction and Industry Competition - The company continues to focus on zero-emission vehicle technologies, dedicating 60% of R&D spending to this area [44] - Significant progress was made in securing predevelopment contracts for high-power centrifugal compressors and E-Powertrain solutions for commercial vehicles [30][50] - The company remains the number one turbo player in the industry, with continued momentum in both core turbo and zero-emission technologies [29][77] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company's ability to adapt to volatile market conditions, delivering strong operational performance despite lower sales volumes [28][47] - Commodity deflation is expected to continue, with a 2% organic decline in net sales but no impact on adjusted EBITDA due to pass-through mechanisms [2] - The company remains confident in its ability to generate cash flow and deliver operating strength across all economic cycles [15] Other Important Information - The company returned significant value to shareholders, repurchasing $174 million in stock in the first half of 2024 and reducing debt by $394 million since the beginning of last year [6][11] - Foreign exchange had an unfavorable impact of $18 million year-over-year, primarily due to fluctuations in Asian currencies [1][22] Q&A Session Summary Question: Impact of commodity deflation and FX on revenue - Commodity deflation impacts sales but results in higher margins, with a one-quarter delay in pass-through to customers [23][24] - FX impact was mainly seen in the Korean won, Japanese yen, and Chinese renminbi, with the euro remaining stable [22] Question: Demand dynamics in Europe and China - The demand drop in China is influenced by a price war in the light vehicle gasoline and hybrid segment, affecting both global and local brands [42] - Europe and Korea also face weak market conditions, with commercial vehicle and off-highway segments underperforming [46] Question: Participation in hybrid and zero-emission vehicles - The company is actively participating in hybrid platforms, with immediate impact, while zero-emission vehicle cycles are longer [43] - Significant progress has been made in securing predevelopment contracts for zero-emission technologies [12][50] Question: Outlook for commodity costs and FX - Commodity costs are expected to continue declining, with a one-quarter delay in impacting revenue [23] - FX impact is mainly seen in Asian currencies, with the euro remaining stable [22]

Over the last four quarters, the company has surpassed consensus EPS estimates three times. Garrett Motion shares have lost about 5.7% since the beginning of the year versus the S&P 500's gain of 13.8%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Ahead of this ear ...

Non-GAAP Financial Measures • Continued execution of share repurchase plan 150 • Net Sales of $890M (12)% vs. $1,011M Q2 2023, (10)% at constant currency1 • Global macros deteriorating, more volatility expected in both light and commercial vehicle verticals • Regional and end-market dynamics (Europe, China) • Commodity deflation impact on pricing net of inflation pass-through Q2 2024 FINANCIAL RESULTS Forward Looking Statements This communication includes the following non-GAAP financial measures, which are ...

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, 2024 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 ____________ ...