Core Insights - Garrett Motion Inc. reported solid growth in 2025, with increased net sales and net income, while also expanding its product offerings in turbocharging and electrification technologies [3][4][7]. Financial Highlights - For Q4 2025, net sales reached $891 million, a 6% increase from Q4 2024, with a net income of $84 million and a net income margin of 9.4% [6][7][15]. - Full year 2025 net sales totaled $3,584 million, up 3% from 2024, with net income of $310 million and a net income margin of 8.6% [6][7][15]. - Adjusted EBIT for Q4 2025 was $122 million, with an adjusted EBIT margin of 13.7%, while for the full year, adjusted EBIT was $510 million with a margin of 14.2% [8][18]. Operational Performance - The company experienced a favorable impact from foreign currency translation, contributing $34 million to Q4 sales growth [7][8]. - The turbo business continued to perform well globally, with new awards in commercial vehicles and industrial applications [4][7]. - Significant progress was made in zero-emission technologies, including the first production wins for E-Powertrain and E-Cooling technologies [4][7]. Capital Allocation and Share Repurchase - Garrett repurchased $208 million of common shares in 2025, representing an 8% reduction in shares year-over-year [7][22]. - A new $250 million share repurchase program was authorized, effective January 1, 2026 [23]. Liquidity and Debt Management - As of December 31, 2025, the company had $807 million in available liquidity, including $177 million in cash and cash equivalents [20]. - Total debt outstanding decreased to $1,439 million from $1,493 million, primarily due to an early repayment of $50 million on a term loan [21]. 2026 Outlook - The company projects net sales for 2026 to be between $3.6 billion and $3.8 billion, with a net income forecast of $295 million to $335 million [25][26]. - The outlook assumes a light vehicle industry production decline of 1% to 3% and a commercial vehicle industry growth of 1% to 2% [32].