Core Insights - Garrett Motion Inc. will host its 2026 Technology and Investor Day in New York City on May 20, 2026, to discuss its strategic evolution and financial priorities [1][2]. Group 1: Event Details - The event will feature presentations, technology demonstrations, and discussions on the company's Turbo, Zero-Emission Vehicle, and Industrial technology portfolios [2]. - Presentations will start at 9:00 a.m. ET, followed by an interactive exhibition showcasing select technologies [3]. Group 2: Company Overview - Garrett Motion has a 70-year history of innovation in the automotive sector and beyond, with expertise in turbocharging that reduces engine size, fuel consumption, and CO2 emissions [4]. - The company operates six R&D centers and 13 manufacturing facilities, employing approximately 8,700 people across more than 20 countries [4].

Company Overview - Garrett Motion is a leading supplier of advanced turbocharging and electric-boosting technologies for both light and commercial vehicle markets, leveraging engineering expertise and a global manufacturing footprint to deliver high-performance solutions to automotive OEMs and aftermarket clients [1] - The company focuses on innovation and has a diversified customer base, which underpins its competitive position in the automotive parts industry [1] Stock Performance - As of March 19, 2026, shares of Garrett Motion were priced at $17.40, reflecting an increase of 89.5% over the past year, outperforming the S&P 500 by approximately 75% [2] - Oaktree Capital Management's holdings in Garrett Motion represent 4.25% of its 13F reportable AUM, making it the fifth largest holding after a significant sale [2] Oaktree Capital Management's Transactions - Oaktree Capital Management reduced its Garrett Motion holdings by 14,800,000 shares during Q4 2025, with an estimated transaction value of $235.64 million based on average unadjusted closing prices [3][4] - The quarter-end position value decreased by around $136.44 million, reflecting both sales and share price movements [3][4] Investment Implications - Despite cutting nearly half of its position in Garrett Motion, Oaktree still holds $298 million worth of shares, indicating a belief in the company's potential for further upside [5][7] - Oaktree's strategy typically involves entering as a creditor during troubled times and converting debt to equity, which was the case with Garrett Motion after its emergence from bankruptcy in 2020 [6] Analyst Recommendations - The Motley Fool Stock Advisor analyst team has identified ten stocks they believe are better investment opportunities than Garrett Motion at this time [8]

Company Overview - CoreWeave is an AI infrastructure company based in New Jersey, founded in 2017, and has grown to a valuation of $38 billion, providing a cloud-based platform for AI applications [1] - The company offers a range of solutions including AI training, reinforcement learning, and VFX rendering, built on resilient GPU clusters [1][5] Financial Performance - In fiscal 4Q25, CoreWeave reported revenues of $1.57 billion, representing a 110% year-over-year increase, exceeding forecasts by $40 million [6][7] - Despite the revenue growth, the company reported a net loss with an EPS of ($0.89), which was significantly lower than the previous year's loss of ($0.34) and missed estimates by $0.21 [7] Analyst Insights - Oppenheimer's analyst Param Singh has a bullish outlook on CoreWeave, citing the large total addressable market (TAM) for AI-optimized infrastructure as a key opportunity [8] - Singh has set a price target of $140 for CoreWeave, indicating a potential upside of 92% over the next 12 months, with a current share price of $72.99 [8] Market Context - The broader market context includes recent military escalations in the Middle East, which typically cause short-term market volatility but may lead to longer-term recovery as markets adjust to new realities [4][3]

Core Insights - Garrett Motion Inc. is a leading differentiated automotive technology provider with a focus on innovation in the automotive sector and beyond [2] Group 1: Company Overview - Garrett Motion has a 70-year history of innovation in automotive technology, including cars, trucks, off-highway equipment, marine, and power generators [2] - The company specializes in turbocharging technology, which has led to significant reductions in engine size, fuel consumption, and CO2 emissions [2] - Garrett is advancing turbo applications and leveraging unique technology solutions such as fuel cell compressors for hydrogen fuel cell vehicles, electric propulsion, and thermal management systems [2] - The company operates six R&D centers and 13 manufacturing facilities, employing approximately 8,700 people across more than 20 countries [2] Group 2: Upcoming Events - Garrett Motion will participate in the Bank of America Global Automotive Summit on March 18, 2026, where the Chief Technology Officer and the Investor Relations team will host a company presentation and engage in investor meetings [1]

Strategic Performance and Operational Drivers - The company achieved a 14.2% adjusted EBIT margin in 2025 by leveraging technology leadership to navigate a complex industry environment and shifting product mix [5] - Revenue base transitioned from 41% light vehicle diesel in 2018 to over 44% gasoline today while maintaining resilient margins [5] - Significant share of demand gains secured in gasoline VNT and hybrid platforms, reinforcing the core turbo business as a central driver for emissions reduction [5] - Expanded industrial footprint through initial series production awards for the MEG turbo frame size and entry into the aftermarket retrofit space [5] - Leveraged automotive-scale turbomachinery and oil-free foil bearing technology to enter high-growth industrial cooling and data center markets [5] - Maintained a disciplined capital allocation framework, returning $260 million to shareholders through repurchases and dividends in 2025 [5] - Achieved an 80% free cash flow conversion rate, demonstrating operational rigor in converting earnings into liquidity despite macroeconomic headwinds [5] 2026 Outlook and Strategic Trajectory - 2026 guidance assumes a 2% decline in global light vehicle production, offset by continued share of demand gains and a 1.5% recovery in commercial vehicles [5] - Anticipates adjusted EBIT margin expansion to 14.7% driven by volume growth and productivity improvements offsetting pricing and inflation pressures [5] - Approximately 50% of RD&E budget allocated toward zero-emission technologies and industrial cooling to drive long-term portfolio diversification [5] - Industrial cooling expected to scale rapidly, projected to exceed 5% of total company revenue by the end of the decade [5] - Series production for next-generation centrifugal compressors with Trane Technologies scheduled to begin in 2027 following initial customer units in 2026 [5] - Landmark collaboration with Trane Technologies announced to integrate Garrett's oil-free compressors into commercial HVAC and chiller applications [5] Risk Factors and Financial Recovery - Recovered $40 million in tariffs during 2025, though Q4 margins absorbed a 20 basis point dilution from ongoing tariff impacts [5] - Authorized a new $250 million share repurchase program for 2026, targeting a 75% distribution of adjusted free cash flow over time [5] Industry Insights - Data center expansion identified as a primary driver for the power generation segment, with sales in this vertical expected to grow double-digits [6]

Core Insights - Garrett Motion Inc. achieved strong operational performance in 2025, with net sales of $3.58 billion and adjusted EBIT of $510 million, reflecting a 14.2% margin [1][4][11] - The company repaid $50 million of its term loan, repurchased $208 million in common stock, and paid $52 million in dividends, demonstrating a disciplined capital allocation strategy [1][9][10] - The outlook for 2026 anticipates net sales of $3.7 billion, adjusted EBIT of $545 million (14.7% margin), and continued focus on zero-emission technologies and industrial cooling [11][12] Financial Performance - Q4 2025 net sales were $891 million, with adjusted EBIT of $122 million and a margin of 13.7% [5][6] - Full-year adjusted free cash flow was $403 million, with a conversion rate of nearly 80% [8][9] - The company experienced a 6% increase in Q4 net sales compared to the previous year, driven by gasoline demand and a recovery in commercial vehicles [6][7] Business Segments - Garrett Motion secured numerous awards in light vehicle turbo applications, increasing its share of demand in gasoline and diesel markets [1][3] - The company is expanding into zero-emission technologies, including a strategic collaboration with Trane Technologies for oil-free high-speed centrifugal compressors [1][2][3] - Industrial cooling is projected to become a significant growth vector, expected to account for over 5% of revenue by the end of the decade [2][3] Market Trends - The global light vehicle industry is expected to decline by 2%, while commercial vehicle markets are anticipated to recover by 1.5% [11] - The company is positioned to gain market share through its technology-driven approach, particularly in hybrid and electric vehicle applications [31][32] - Garrett Motion's differentiated technologies are central to efficiency and emissions reduction, appealing to customers in both automotive and industrial sectors [1][3][31] Strategic Initiatives - The company aims to leverage its capabilities to develop high-speed, efficient technologies that meet customer needs and generate robust returns for shareholders [13][14] - A $250 million share repurchase program has been authorized for 2026, with a target to distribute approximately 75% of adjusted free cash flow to shareholders [10][11] - The partnership with Trane is expected to provide significant opportunities, with the potential for additional revenue streams beyond the initial collaboration [37][39]

Financial Data and Key Metrics Changes - In Q4 2025, net sales were $891 million, with adjusted EBIT of $122 million and a margin of 13.7% [4][13] - For the full year 2025, net sales reached $3.58 billion, with adjusted EBIT of $510 million and a margin of 14.2% [4][5] - Adjusted free cash flow for the year was $403 million, demonstrating strong operational performance [4][17] Business Line Data and Key Metrics Changes - The company secured new light vehicle turbo awards, increasing its share of demand in gasoline VNT applications and hybrid electric vehicle platforms [6][7] - Gasoline accounted for over 44% of sales, while diesel remained resilient at more than 23% [7] - Commercial vehicle sales expanded across on-highway and off-highway applications, contributing to overall growth [14][16] Market Data and Key Metrics Changes - In Q4, net sales increased by $47 million year-over-year, reflecting a 6% growth on a reported basis [14] - Growth in commercial vehicle and diesel sales was noted, while gasoline volumes declined outside of Europe, particularly in Asia [14] - The company recovered $10 million in tariffs during Q4 and $40 million for the full year [14] Company Strategy and Development Direction - The company aims to leverage its technology to develop differentiated, high-speed, and efficient technologies, focusing on turbo and zero-emission technologies [22] - A strategic collaboration with Trane Technologies was announced to integrate next-generation oil-free compressors into commercial HVAC applications, indicating a diversification strategy [9][22] - The company anticipates that industrial cooling will become a significant growth vector, expected to scale to more than 5% of revenue by the end of the decade [11][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform in 2026 and beyond, with expectations for further share of demand gains and margin expansion [22][23] - The outlook for 2026 includes net sales of $3.7 billion and adjusted EBIT of $545 million, implying a 14.7% margin [20][21] - Management highlighted the importance of maintaining a disciplined capital allocation strategy while investing in growth opportunities [5][22] Other Important Information - The company repaid $50 million of its term loan in 2025, reducing its net leverage ratio to approximately 1.9 times [18] - A $250 million share repurchase program was authorized for 2026, with a target to distribute approximately 75% of adjusted free cash flow to shareholders [18][19] Q&A Session Summary Question: Economic opportunity from the Trane partnership - Management indicated that the first application will be delivered in 2026, with a significant ramp-up expected in 2027, but specific numbers for 2027 were not provided [26][28] Question: Comparison of power generation and cooling markets - Management noted that both markets are growing rapidly, with significant demand for energy and cooling solutions, and emphasized the company's competitive position in both areas [40][44] Question: Trane partnership exclusivity and addressable market - Management confirmed that while the partnership with Trane is significant, there will be opportunities to develop relationships with other players in the cooling industry [58][60] Question: Progress on zero-emission products and revenue targets - Management reported accelerated progress on pre-development programs and confirmed that the $1 billion revenue target from zero-emission products remains intact for 2030 [62][64]

Core Insights - BorgWarner Inc. is a leader in providing innovative and sustainable mobility solutions for the automotive industry, specializing in powertrain products such as turbochargers, transmissions, and electric vehicle components [1] - Deutsche Bank has set a price target of $82 for BorgWarner, indicating a potential upside of 24.05% from its current trading price of $66.10 [1][5] Financial Performance - BorgWarner's quarterly earnings per share (EPS) was $1.35, exceeding analysts' expectations of $1.16 by $0.19 [2][5] - The company's revenue for the quarter was $3.57 billion, surpassing analyst estimates of $3.49 billion, representing a 3.9% increase compared to the same quarter last year [3][5] - The company has a net margin of 0.94% and a return on equity of 16.72% [3][5] - Fiscal year 2026 guidance is set at an EPS range of 5.00 to 5.20, indicating confidence in future growth [3][5] Stock Performance - The stock price increased to $66.10, marking a 22.45% increase from previous levels, with a change of $12.12 [4] - The stock has fluctuated between a low of $54.35 and a high of $68.82 over the past year, with the lowest price being $24.40 [4] - BorgWarner's market capitalization is approximately $14.3 billion, with a trading volume of 13,259,647 shares on the NYSE [4]

Fourth Quarter 2025 Earnings Teleconference February 5th, 2026 CONTENTS 2025 Summary Q4 2025 Summary 2026 Guidance Q4 2025 Supplemental Information Appendix 2 Disclosure Regarding Forward-Looking Statements Information provided in this presentation that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on st ...

Core Insights - Cummins Inc. is a global leader in power technology, offering a wide range of power solutions including diesel, natural-gas, hybrid, and electric powertrains, with a market capitalization of approximately $62.9 billion [1] Stock Performance - CMI stock has increased by 26% over the past 52 weeks, significantly outperforming the S&P 500 Index's 13.7% gain [2] - Year-to-date, CMI has risen by 30.8%, compared to the S&P 500's 13.4% increase [2] - The stock has also surpassed the Industrial Select Sector SPDR Fund (XLI), which has grown by 8.2% over the past year and 14.2% year-to-date [3] Business Drivers - The rise in Cummins' shares is attributed to strong demand in its Power Systems business, particularly for data center and mission-critical generators [4] - The company's long-term "Destination Zero" initiative, focusing on green hydrogen and hybrid powertrain investments through its Accelera business, is generating investor interest due to its alignment with the energy transition [4] Financial Outlook - Analysts project a 5% year-over-year growth in CMI's EPS for the fiscal year ending December 2025, reaching $22.44 on a diluted basis [5] - The consensus among 20 analysts is a "Moderate Buy," with ratings including eight "Strong Buy," 11 "Holds," and one "Strong Sell" [5] - Bernstein's Chad Dillard has raised the price target for Cummins to $475 from $385, maintaining a "Market Perform" rating, highlighting strength in the power generation business [6] - The mean price target of $491.94 indicates a 7.9% premium to current price levels, while the highest price target of $600 suggests an upside potential of 31.6% [6]