Garrett Motion (GTX) Climbs to Fresh High on Impressive Earnings, Upbeat Outlook

Core Insights - Garrett Motion Inc. (NASDAQ:GTX) has seen significant stock performance, reaching an all-time high of $17.05 during trading, ultimately closing up 13.8% at $16.99 [1] - The company reported a 48% increase in net income to $77 million, up from $52 million year-on-year, driven by a $20 million increase in gross profit and reduced interest costs [2] - Net sales rose by 9.2% to $902 million from $826 million, attributed to higher demand for gasoline and diesel, favorable currency impacts, and recoveries on import tariffs [3] Financial Performance - Garrett Motion raised its full-year net income projection to between $265 million and $295 million, an increase from the previous range of $233 million to $278 million [4] - The net sales projection was also upgraded to a range of $3.5 billion to $3.6 billion, compared to the prior estimate of $3.4 billion to $3.6 billion [4]