PLYMOUTH, Mich. and ROLLE, Switzerland, July 10, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its second quarter financial results on Thursday, July 24, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (U.S.) or +1-412-902-6506 ...

Core Insights - Garrett Motion Inc. has been added to the Russell 2000® Index, effective June 27, 2025, reflecting the company's growth and market position in automotive technology [1][2] - The addition to the index signifies Garrett's advancements in turbo technologies and its commitment to zero-emission mobility solutions [2] - Membership in the Russell 2000® Index is based on inclusion in the broader Russell 3000® Index, which is widely utilized by investment managers and institutional investors [2] Company Overview - Garrett Motion has a 70-year history in the automotive sector, focusing on innovation in turbocharging and differentiated technology solutions [5][6] - The company operates five R&D centers and 13 manufacturing facilities, employing over 9,000 people across more than 20 countries [6] - Garrett is actively developing technologies for Zero Emission Vehicles, including fuel cell compressors and electric propulsion systems [5][6]

Company Overview - Garrett Motion Inc. is a leading differentiated automotive technology provider with a 70-year history of innovation in the automotive sector and beyond, including off-highway equipment, marine, and power generators [8] - The company specializes in turbocharging technology, which has led to significant reductions in engine size, fuel consumption, and CO2 emissions [8] - Garrett is actively developing technology solutions for Zero Emission Vehicles, including fuel cell compressors for hydrogen fuel cell vehicles and electric propulsion systems for battery electric vehicles [8] - The company operates five R&D centers and 13 manufacturing facilities, employing over 9,000 people in more than 20 countries [8] Recent Developments - Garrett announced a proposed secondary public offering of 17,000,000 shares of common stock held by certain entities managed by affiliates of Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners [1] - The underwriters have a 30-day option to purchase an additional 2,550,000 shares from the Selling Stockholders [1] - The company has authorized the repurchase of approximately 2 million shares of common stock as part of the secondary public offering, with a maximum aggregate repurchase amount of $25 million [2] - This repurchase is part of Garrett's existing $250 million share repurchase program [2] Underwriters and Regulatory Filings - Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as lead bookrunners for the proposed offering, with several other firms serving as joint bookrunning managers [3] - A shelf registration statement and a preliminary prospectus supplement relating to the offering have been filed with the Securities and Exchange Commission [4]

Core Viewpoint - Garrett Motion Inc. is set to release its first quarter financial results on May 01, 2025, before the U.S. market opens [1] Financial Results Announcement - The financial results will be announced prior to market opening on May 01, 2025 [1] - A conference call will be held on the same day at 8:30 am EDT / 2:30 pm CET to discuss the results [2] Conference Call Details - Participants can join the conference call by dialing +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) with passcode 2829687 [2] - The conference call will be webcast and include a slide presentation, accessible via the Investor Relations section of Garrett's website [3] - A replay of the conference call will be available through specific dialing options and access codes [3] Company Overview - Garrett Motion Inc. has a 70-year history in automotive technology, focusing on turbocharging and reducing engine size, fuel consumption, and CO2 emissions [4] - The company is developing technology solutions for Zero Emission Vehicles, including fuel cell compressors and electric propulsion systems [4] - Garrett operates five R&D centers, 13 manufacturing facilities, and employs over 9,000 people across more than 20 countries [4]