Contacts: INVESTOR RELATIONS MEDIA Eric Birge Amanda Jones +1 734 392 5504 +41 79 601 07 87 Eric.Birge@garrettmotion.com Amanda.Jones@garrettmotion.com The conference call also will be broadcast over the internet and include a slide presentation. To access the webcast and supporting material, please visit the investor relations section of the Garrett Motion website at http://investors.garrettmotion.com/. A replay of the conference call will be available by dialing +1-877-344- 7529 (US) or +1-412-317-0088 (i ...

Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times. It could be safer to invest in bargain stocks that have been witnessing pric ...

ROLLE, Switzerland, May 07, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) (the "Company") announced today that Garrett Motion Holdings Inc. and Garrett LX I S.à r.l., its wholly owned subsidiaries, have priced their previously announced offering (the "Offering") and have agreed to issue and sell $800 million aggregate principal amount of their 7.750% senior unsecured notes due 2032 (the "notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933 ...

Finding value stocks to buy — especially if you’re trying to emulate Warren Buffett — isn’t nearly as easy as copying trades from Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B). Something many amateur Buffett aficionados overlook is that, when it comes to finding value stocks to buy, Warren Buffett’s choices are surprisingly slim.With billions in cash, Buffett faces a two-pronged dilemma. First, the company or stock he invests in must be liquid and large enough to handle massive purchase orders without unduly ...

ROLLE, Switzerland, May 06, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) (the "Company") announced today that Garrett Motion Holdings Inc. and Garrett LX I S.à r.l., its wholly owned subsidiaries, are planning, subject to market and other customary conditions, to offer (the "Offering") $500 million aggregate principal amount of senior unsecured notes due 2032 (the "notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Sec ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of ...

Garrett Motion (GTX) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this maker of vehicle turbocharging and electric-boosting gear would post earnings of $0.22 per share when it actually produced earnings of $0.22, delivering no surprise.Ov ...

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 March 31, 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 ___________ ...

Financial Performance - Net sales for Q1 2024 were $915 million, a decrease of 6% from $970 million in Q1 2023[4] - Net income for Q1 2024 was $66 million, resulting in a net income margin of 7.2%, down from 8.4% in Q1 2023[3] - Adjusted EBITDA for Q1 2024 totaled $151 million, with an adjusted EBITDA margin of 16.5%, compared to $168 million and 17.3% in Q1 2023[3] - Gross profit for Q1 2024 was $172 million, down from $189 million in Q1 2023, resulting in a gross margin of 18.8%[25] - Net income for Q1 2024 was $66 million, a decline of 18.5% from $81 million in Q1 2023, with a net income margin of 7.2%[25][29] - Adjusted EBITDA for Q1 2024 was $151 million, compared to $168 million in Q1 2023, reflecting an adjusted EBITDA margin of 16.5%[29] Cash Flow and Investments - Net cash provided by operating activities for Q1 2024 was $84 million, a decrease from $92 million in Q1 2023[11] - Adjusted free cash flow for Q1 2024 was $68 million, down from $88 million in Q1 2023[13] - The company projects net cash provided by operating activities for the full year 2024 to be between $370 million and $470 million[35] - Adjusted free cash flow for the full year 2024 is forecasted to range from $325 million to $425 million[35] - Expenditures for property, plant, and equipment are expected to be $87 million[35] Debt and Liabilities - Total principal amount of debt outstanding as of March 31, 2024, was $1,683 million, down from $1,696 million at the end of 2023[15] - Total liabilities decreased to $3,183 million as of March 31, 2024, compared to $3,262 million at the end of 2023[27] Assets and Cash Position - Total assets decreased to $2,448 million as of March 31, 2024, down from $2,527 million at the end of 2023[27] - Cash and cash equivalents at the end of Q1 2024 were $196 million, down from $259 million at the end of 2023[27] Stock Repurchase - The company repurchased $109 million of common stock during the quarter[16] - The company repurchased $107 million of common stock during Q1 2024[28] Future Outlook - Full year 2024 net sales outlook is projected between $3.80 billion and $3.95 billion, with a constant currency growth expectation of -2% to +2%[18] - The company expects full-year 2024 net sales growth at constant currency to range from -2% to 2%[33] - Full-year 2024 outlook for adjusted EBITDA is projected between $590 million and $650 million[34] Other Financial Projections - R&D investment is expected to be approximately 4.5% of sales in 2024, with around 60% allocated to zero emission technologies[20] - Cash payments for repositioning are estimated at $26 million[35] - Proceeds from cross currency swap contracts are anticipated to be $15 million[35] - Capital structure transformation costs are projected to be $1 million[35] Market Trends - The company is experiencing increased customer interest in larger turbos, resulting in new production awards in power generation[2]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current ...