Garrett Motion (GTX) Soars to New Record High on Higher Earnings, Outlook, Dividend

Core Insights - Garrett Motion Inc. experienced a significant stock price increase, reaching a record high of $15.75 before closing at $14.93, up 19.34% on the day, driven by strong earnings and an optimistic growth outlook [1][3]. Financial Performance - The company reported a 48% increase in net income, rising to $77 million from $52 million year-on-year, attributed to a $20 million increase in gross profit, reduced interest costs by $8 million, and a $2 million rise in non-operating income [2]. - Net sales grew by 9.2% to $902 million from $826 million, primarily due to increased demand for gasoline and diesel, favorable currency impacts, and recoveries from import tariffs [3]. Future Projections - Garrett Motion raised its full-year net income forecast to a range of $265 million to $295 million, up from the previous estimate of $233 million to $278 million [4]. - The company also increased the lower end of its net sales projection to a record of $3.5 billion to $3.6 billion, compared to the earlier forecast of $3.4 billion to $3.6 billion [4]. Dividend Announcement - A dividend increase of $0.02 was announced, bringing the total to $0.08 per common share, payable on December 15, 2025 [5].