UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value per share GTX The Nasdaq Stock Market LLC 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, 2024 OR ☐ TRANSITION REPORT PURSUAN ...

Financial Performance - Net sales for Q3 2024 totaled $826 million, a decrease of 14% compared to $960 million in Q3 2023[4] - Adjusted EBITDA for Q3 2024 was $144 million, with an adjusted EBITDA margin of 17.4%, up 160 basis points year-over-year[2] - Net income for Q3 2024 was $52 million, resulting in a net income margin of 6.3%[3] - Adjusted free cash flow for Q3 2024 increased to $71 million, compared to $57 million in Q3 2023[12] - Net income for the three months ended September 30, 2024, was $52 million, compared to $57 million in the same period of 2023, resulting in earnings per share of $0.24[23] - Net income for the three months ended September 30, 2024, was $52 million, a decrease from $57 million in the same period of 2023, while net income for the nine months ended September 30, 2024, was $182 million, down from $209 million in 2023[8] - Adjusted EBITDA for the three months ended September 30, 2024, was $144 million, compared to $152 million in 2023, and for the nine months ended September 30, 2024, it was $445 million, down from $490 million in 2023[8] - The company reported a net income margin of 6.3% for the three months ended September 30, 2024, compared to 5.9% in 2023, and a net income margin of 6.9% for the nine months ended September 30, 2024, compared to 7.1% in 2023[8] Sales and Revenue Outlook - The full year 2024 outlook for net sales is projected between $3.40 billion and $3.50 billion, with a constant currency sales growth decline of 12% to 10%[15] - The full year 2024 outlook for reported net sales growth at constant currency is projected to be between -12% and -10%[35] - The full year 2024 outlook for adjusted EBITDA is estimated to be between $585 million and $605 million[36] - Net sales for the three months ended September 30, 2024, were $826 million, a decline of 14% compared to $960 million in the same period of 2023, while net sales for the nine months ended September 30, 2024, were $2.631 billion, down from $2.941 billion in 2023[8] Debt and Cash Management - As of September 30, 2024, total principal amount of debt outstanding was $1,495 million, down from $1,497 million as of June 30, 2024[13] - Cash and cash equivalents at the end of the period were $96 million, down from $259 million at the beginning of the period[25] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $277 million, compared to $330 million in the same period of 2023[27] - The company incurred interest expense of $37 million for the three months ended September 30, 2024, down from $48 million in the same period of 2023[23] - Net cash provided by operating activities for the three months ended September 30, 2024, was $67 million, down from $74 million in 2023[33] Operational Efficiency and Cost Management - The company plans to continue focusing on cost management and operational efficiency to improve profitability in the upcoming quarters[23] - Capital expenditures for the three months ended September 30, 2024, were $20 million, compared to $24 million in 2023[33] Strategic Partnerships and Innovations - The company has entered a partnership with SinoTruk to co-develop e-powertrain systems for trucks by 2027[1] - Garrett was recognized with the 2024 Stellantis Innovation Award for its zero-emission technologies[1] Market and Product Development - User base grew to 10 million active users, a 20% increase compared to the previous quarter[12] - New product launches contributed to a 30% increase in sales in the last quarter[12] - Market expansion efforts led to a 25% increase in international sales[12] - The company is exploring potential acquisitions to strengthen its market position, with a budget of $500 million allocated for this purpose[12] - The company plans to enter two new markets by the end of 2023, targeting a 10% market share within the first year[12] - Overall, the company remains optimistic about future growth, citing strong demand and innovative strategies[12]

Third Quarter 2024 Financial Highlights Net sales totaled $826 million, down 14% on a reported and constant currency* basisNet income totaled $52 million; Net income margin of 6.3%Adjusted EBITDA* totaled $144 million; Adjusted EBITDA margin* of 17.4%Net cash provided by operating activities totaled $67 millionAdjusted free cash flow* totaled $71 million Third Quarter 2024 Business Highlights Won new marine and auxiliary power awards for our largest turbocharger with start of production in 2026Entered into ...

ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NYSE: GTX) and China National Heavy Duty Truck Group Co., Ltd. (SinoTruk) signed a Letter of Intent (LoI) to enhance cooperation in advanced technologies for electric commercial vehicles, aiming to jointly develop leading next-generation E-powertrain for application in SinoTruk's product portfolio, with the aim of joining forces to start mass production of trucks equipped with this next gen E-powertrain by 2027. N ...

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 ...

Some tickers are covered more than others on the site, so with The Undercovered Dozen our Editors highlight twelve actionable investment ideas on tickers with less coverage. These ideas can range from "boring" large caps to promising up-and-coming small caps. Specifically, the inclusion criteria for "undercovered" include: market cap greater than $100 million, more than 800 symbol page views in the last 90 days on Seeking Alpha, and fewer than two articles published in the past 30 days. Follow this account ...

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 ...

Industry Overview - The turbocharger market is expected to grow at a CAGR between 7 0% and 9 6% indicating strong demand for turbochargers [1] Company Analysis - Garrett Motion (NASDAQ GTX) is positioned to benefit from the growing turbocharger market with the majority of its revenue protected by this trend [1] Investment Perspective - The author holds a beneficial long position in GTX through stock ownership options or other derivatives indicating a positive outlook on the company [2]

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 ...