Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - Ventyx Biosciences, Inc. (VTYX) increased by 108% to $8.05 - Brera Holdings PLC (SLMT) rose by 49% to $12.50 - Safe & Green Holdings Corp. (SGBX) gained 39% to $3.18 - American Rebel Holdings, Inc. (AREB) up by 26% to $2.71 - Tango Therapeutics, Inc. (TNGX) increased by 18% to $10.25 - Garrett Motion Inc. (GTX) rose by 14% to $14.30 - ETHZilla Corporation (ETHZ) gained 12% to $17.61 - D-Wave Quantum Inc. (QBTS) increased by 11% to $30.40 - IonQ, Inc. (IONQ) rose by 10% to $61.04 - Megan Holdings Limited (MGN) up by 7% to $2.31 [3] Premarket Losers - Splash Beverage Group, Inc. (SBEV) decreased by 21% to $2.06 - Molina Healthcare, Inc. (MOH) down by 18% to $158.44 - SCHMID Group N.V. (SHMD) fell by 18% to $3.18 - Beyond Meat, Inc. (BYND) decreased by 18% to $2.91 - Agencia Comercial Spirits Ltd (AGCC) down by 16% to $5.07 - Super League Enterprise, Inc. (SLE) fell by 13% to $2.25 - Armata Pharmaceuticals, Inc. (ARMP) decreased by 12% to $5.99 - Applied DNA Sciences, Inc. (BNBX) down by 12% to $4.19 - Ribbon Communications Inc. (RBBN) fell by 12% to $3.49 - Tamboran Resources Corporation (TBN) decreased by 11% to $21.81 [4]

Financial Performance - In Q3 2025, Garrett Motion Inc. reported a net income of $77 million and adjusted EBIT of $133 million, driven by sustainable cost initiatives and favorable foreign exchange conditions [113]. - Net sales for the three months ended September 30, 2025, increased by $76 million or 9% compared to the prior period, including a $26 million favorable impact from foreign currency translation [122]. - Gasoline product sales rose by $45 million or 13%, primarily due to new application launches in Europe, China, India, and North America [123]. - Diesel product sales increased by $21 million or 12%, supported by strong light commercial vehicle performance in Europe and sustained demand for pickup trucks in North America [124]. - For the nine months ended September 30, 2025, net sales increased by $62 million or 2%, including a $28 million favorable impact from foreign currency translation [128]. - Net income for the three months ended September 30, 2025, increased by $25 million to $77 million, driven by a $20 million increase in gross profit [154]. - Adjusted EBIT for the three months ended September 30, 2025, increased by $16 million to $133 million, driven by higher sales volumes and productivity [163]. - Adjusted EBIT increased by $27 million year-over-year, driven by $40 million in productivity gains and $22 million from higher sales volumes in gasoline and commercial vehicles [169]. Expenses and Costs - Cost of goods sold for Q3 2025 was $716 million, an increase of 8.5% compared to the prior period, while gross profit margin improved to 20.6% [133]. - Selling, general and administrative (SG&A) expenses for the three months ended September 30, 2025, increased by $4 million to $57 million, representing 6.3% of sales [139]. - For the nine months ended September 30, 2025, SG&A expenses decreased by $3 million to $175 million, primarily due to a $5 million reduction in personnel costs [140]. - Interest expense for the three months ended September 30, 2025, decreased by $8 million to $29 million, attributed to lower interest expense from the Amendment and Restatement of the Credit Agreement [143]. - The company experienced a $60 million impact from unfavorable product mix on gross profit for the nine months ended September 30, 2025 [137]. Shareholder Returns - The company repurchased $84 million of common stock during the quarter, with $114 million remaining under the share repurchase program as of September 30, 2025 [115]. - The Board of Directors declared a cash dividend of $0.06 per share, totaling $11 million paid on September 16, 2025 [116]. - The company declared a cash dividend of $0.08 per share, payable on December 15, 2025, to shareholders of record as of December 1, 2025 [174]. - The company repurchased $136 million of Common Stock during the nine months ended September 30, 2025, with $114 million remaining under the share repurchase program [176]. Cash Flow and Financing - Cash provided by operating activities rose by $37 million to $314 million for the nine months ended September 30, 2025, primarily due to a $44 million increase in net income [178]. - Cash used for financing activities decreased significantly to $187 million from $439 million in the prior year, reflecting lower debt repayments and stock repurchases [180]. - As of September 30, 2025, cash and cash equivalents increased to $230 million from $125 million at the end of 2024 [172]. - Cash flow used for investing activities decreased by $28 million to $(27) million for the nine months ended September 30, 2025, compared to the prior year [179]. - The company refinanced its $692 million 2021 Dollar Term Facility with a new 2025 Dollar Term Facility, maturing on January 30, 2032 [172]. Strategic Initiatives - Garrett Motion Inc. deepened strategic collaborations with OEMs for zero-emission technologies, laying the foundation for future business growth [114]. - The company expects to continue investing in manufacturing capacity and new technologies, particularly in zero-emission technologies [175]. - The company revised its non-GAAP reporting metric from Adjusted EBITDA to Adjusted EBIT to better reflect core operating performance [157]. Other Financial Metrics - The effective tax rate for the three months ended September 30, 2025, was 24.5%, down from 31.6% in the prior year [148]. - Non-operating income for the nine months ended September 30, 2025, increased by $3 million to $10 million, primarily due to higher foreign exchange transactional gains [147]. - Other expense, net for the nine months ended September 30, 2025, increased by $4 million to $9 million, mainly due to third-party costs related to the Restatement Agreement [142]. - The net fair value of financial instruments with currency risk was $164 million, with a potential loss or gain of $271 million and $(268) million from a hypothetical 10% change in exchange rates [187]. - The company experienced growth in gasoline volumes from new application launches and program ramp-ups in multiple regions, including Europe and North America [164].

Financial Performance - Net sales for Q3 2025 reached $902 million, a 9% increase from $826 million in Q3 2024, with a 3% contribution from favorable foreign currency translation[3] - Adjusted EBIT for Q3 2025 was $133 million, reflecting a margin of 14.7%, up from $117 million and a margin of 14.2% in Q3 2024[3] - Net income for Q3 2025 was $77 million, compared to $52 million in Q3 2024, resulting in a net income margin of 8.5%[3] - Gross profit for Q3 2025 was $186 million, up from $166 million in Q3 2024, reflecting a gross margin of 20.6%[27] - Net income for the nine months ended September 30, 2025, was $226 million, compared to $182 million for the same period in 2024, representing a 24.2% increase[30] - Adjusted EBITDA for the nine months ended September 30, 2025, was $477 million, an increase from $445 million in 2024, with an adjusted EBITDA margin of 17.7%[31] - The net income margin for Q3 2025 was 8.5%, compared to 6.3% in Q3 2024, indicating improved profitability[31] Cash Flow and Liquidity - Adjusted free cash flow for Q3 2025 totaled $107 million, an increase from $71 million in Q3 2024[15] - The company reported a net cash provided by operating activities of $314 million for the nine months ended September 30, 2025, compared to $277 million in 2024[30] - The company reported a cash flow from operations of $100 million for the three months ended September 30, 2025, compared to $67 million for the same period in 2024[35] - Cash and cash equivalents increased to $230 million as of September 30, 2025, from $125 million at the end of 2024[29] - The company reported $860 million in available liquidity as of September 30, 2025, including $230 million in unrestricted cash[16] Debt and Repurchase Activities - The company executed a $50 million voluntary early debt repayment during Q3 2025[1] - Garrett repurchased $84 million of common stock in Q3 2025, with a remaining repurchase capacity of $114 million[17] Outlook and Projections - Garrett raised its full-year 2025 net sales outlook to between $3.5 billion and $3.6 billion, up from the previous range of $3.4 billion to $3.6 billion[19] - Adjusted EBIT for the full year 2025 is projected to be between $490 million and $530 million, with a net income range of $265 million to $295 million[37] - Adjusted EBITDA for the full year 2025 is expected to be between $610 million and $650 million, including depreciation of $95 million and stock compensation expense of $25 million[37] - Reported net sales for 2025 are anticipated to grow by 1% to 4%, with constant currency sales growth projected to be between (1)% and 2%[36] - Garrett's outlook for 2025 includes expectations of flat to 2% growth in light vehicle industry production compared to 2024[23] Operational Insights - Adjusted EBIT margin and Adjusted EBITDA margin are calculated as a percentage of net sales, providing insights into operational performance[6] - The company incurred repositioning costs of $18 million and acquisition expenses of $6 million in the full year 2025 outlook[37] - Constant currency sales growth for gasoline was 10% for the three months ended September 30, 2025, while diesel saw a constant currency sales decline of 4%[34] Assets and Liabilities - Total assets as of September 30, 2025, were $2,436 million, compared to $2,276 million as of December 31, 2024, indicating a 7.0% increase[29] - The company’s total liabilities increased to $3,249 million as of September 30, 2025, from $2,949 million at the end of 2024[29] Interest and Other Income - Interest expense decreased to $29 million in Q3 2025 from $37 million in Q3 2024, contributing to improved net income[27] - The company reported interest income of $1 million for the three months ended September 30, 2025, compared to $0 million in the same period of 2024[2]

Core Insights - Garrett Motion Inc. reported strong financial results for Q3 2025, with net sales of $902 million, a 9% increase year-over-year, and a net income of $77 million, up from $52 million in Q3 2024 [3][5][14] - The company declared a cash dividend of $0.08 per share, reflecting a $0.02 increase, and executed a $50 million voluntary early debt repayment [3][4] - Garrett's Adjusted EBIT margin expanded to 14.7%, and the company generated $107 million in adjusted free cash flow, enabling significant share repurchases and a dividend increase [4][5][18] Financial Performance - **Net Sales**: Q3 2025 net sales reached $902 million, up from $826 million in Q3 2024, with a constant currency growth of 6% [5][7] - **Net Income**: The net income for Q3 2025 was $77 million, resulting in a net income margin of 8.5%, compared to 6.3% in Q3 2024 [14][17] - **Adjusted EBIT**: Adjusted EBIT for Q3 2025 was $133 million, with an adjusted EBIT margin of 14.7%, an increase from 14.2% in Q3 2024 [17][33] - **Adjusted Free Cash Flow**: Adjusted free cash flow was $107 million, up from $71 million in Q3 2024, driven by higher adjusted EBIT and lower capital expenditures [18][39] Operational Highlights - The company secured several new light vehicle turbo programs, including awards for range-extended electric vehicles, contributing to over $40 million in expected lifetime revenue from turbochargers for data center backup power generation [4][5] - Garrett continues to strengthen its leadership in turbocharging and is advancing its zero-emission technologies, with increased interest from OEMs and industrial customers [4][5] Liquidity and Capital Resources - As of September 30, 2025, Garrett had $860 million in available liquidity, including $230 million in unrestricted cash and $630 million in undrawn commitments under its revolving credit facility [19][20] - The total principal amount of debt outstanding was $1,490 million, with a share repurchase of $84 million executed during Q3 2025 [20][19] Full Year 2025 Outlook - The company revised its full-year 2025 outlook, projecting net sales between $3.5 billion and $3.6 billion, with a net income range of $265 million to $295 million [21][22] - The outlook reflects expectations of flat to 2% growth in light vehicle industry production and commercial vehicle industry production for 2025 [23][22]

Core Insights - Garrett Motion Inc. (NASDAQ: GTX) shares have increased by over 38% year-to-date in 2025, indicating strong market performance despite potential counterintuitive factors in Europe [1]. Company Performance - The significant rise in Garrett Motion Inc.'s stock price suggests a positive market sentiment and potential investor confidence in the company's future prospects [1].

Core Viewpoint - BRP Inc. (DOOO) has shown strong year-to-date performance compared to its peers in the Auto-Tires-Trucks sector, making it an attractive investment option [1][4]. Group 1: Company Performance - BRP Inc. has achieved a year-to-date return of approximately 25.5%, significantly outperforming the Auto-Tires-Trucks sector, which has returned an average of 2.5% [4]. - The Zacks Consensus Estimate for BRP Inc.'s full-year earnings has increased by 26.3% over the past three months, indicating a positive trend in analyst sentiment [3]. - BRP Inc. holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for future performance [3]. Group 2: Industry Context - BRP Inc. is part of the Automotive - Original Equipment industry, which consists of 51 companies and currently ranks 68 in the Zacks Industry Rank [6]. - The average return for stocks in the Automotive - Original Equipment industry this year is 1.1%, further highlighting BRP Inc.'s superior performance [6]. - Garrett Motion (GTX), another stock in the Auto-Tires-Trucks sector, has also outperformed the sector with a year-to-date return of 43% and holds a Zacks Rank of 1 (Strong Buy) [4][5].

Core Viewpoint - Garrett Motion Inc. (NASDAQ:GTX) is viewed positively by analysts as one of the best small-cap EV stocks to buy, with expectations for strong fiscal third-quarter results in 2025 [1] Financial Performance - In the fiscal second quarter, Garrett Motion Inc. reported revenue of $913 million, reflecting a year-over-year growth of 2.58% and exceeding estimates by $3.10 million [2] - The earnings per share (EPS) for the same quarter was $0.42, surpassing consensus estimates by $0.06 [2] - The company has raised its full-year sales outlook for 2025 to a range of $3.4 billion to $3.6 billion, up from the previous forecast of $3.3 billion to $3.5 billion [2] - The net income outlook has also been increased from a range of $209 million to $254 million to a new range of $233 million to $278 million [2] Analyst Ratings - Analysts have shown bullish sentiment towards Garrett Motion Inc., with Stifel Nicolaus initiating coverage with a Buy rating and a price target of $17.5 on September 19 [3] - On September 30, BWS Financials raised its price target for the stock from $14 to $18 while maintaining a Buy rating [3] Company Overview - Garrett Motion Inc. is a Swiss automotive company specializing in the design and manufacture of turbochargers and electric boosting technologies for both light and commercial vehicles [4]

Core Points - Garrett Motion Inc. plans to release its third quarter financial results on October 23, 2025, before the U.S. market opens [1] - A conference call will be held on the same day at 8:30 am EDT / 2:30 pm CET, with participation details provided [2] - The conference call will be webcast and include a slide presentation, with access available through the Investor Relations section of Garrett's website [3] Company Overview - Garrett Motion Inc. is a leader in differentiated automotive technology with a 70-year history of innovation in the automotive sector and beyond [4] - The company specializes in turbocharging, contributing to significant reductions in engine size, fuel consumption, and CO2 emissions [4] - Garrett is focusing on developing technology solutions for Zero Emission Vehicles, including fuel cell compressors for hydrogen fuel cell vehicles and systems for battery electric vehicles [4] - The company operates six R&D centers, 13 manufacturing facilities, and employs over 9,000 people across more than 20 countries [4] - Garrett's mission is to advance the transportation industry through unique, differentiated innovation [4]

Core Insights - The Zacks Rank system emphasizes earnings estimates and revisions to identify winning stocks, with a focus on value investing as a preferred strategy in various market conditions [1][2] Company Analysis - GARRETT MOTION (GTX) is currently rated as a Zacks Rank 1 (Strong Buy) with a Value grade of A, trading at a P/E ratio of 9.45 compared to the industry average of 22.02 [3] - Over the past year, GTX's Forward P/E has fluctuated between a high of 9.56 and a low of 5.83, with a median of 7.57 [3] - The P/S ratio for GTX is 0.78, slightly below the industry average of 0.8, indicating potential undervaluation [4] - LCI Industries (LCII) holds a Zacks Rank of 2 (Buy) and a Value grade of A, with a P/B ratio of 1.78 compared to the industry's 3.71 [5] - The P/B ratio for LCII has ranged from a high of 2.27 to a low of 1.39, with a median of 1.86 over the past year [5] - Both GTX and LCII are considered likely undervalued stocks, supported by their strong earnings outlooks [6]

Core Insights - Garrett Motion Inc. (NASDAQ:GTX) is recognized for its low P/E ratios among NASDAQ stocks, with Stifel initiating coverage with a Buy rating and a price target of $17.50 [1] - The company aims to achieve $1 billion in revenue from its Zero Emission portfolio by 2030, indicating significant growth potential in this sector [1] - Despite a shrinking addressable market, Garrett's legacy turbocharging division is expected to gain market share and generate substantial free cash flow to support expansion plans [2] Company Overview - Garrett Motion Inc. specializes in developing, producing, and distributing turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers [3]