PLYMOUTH, Mich. and ROLLE, Switzerland, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider today announced its participation in the upcoming investor conference: Bank of America Global Automotive Summit (March 18, 2026) – Craig Balis, Chief Technology Officer and our Investor Relations team will host a company presentation and participate in investor meetings. About Garrett Motion Inc.A differentiated tech ...

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]

Market Overview - The U.S. stock market is expected to remain volatile due to inflation concerns and policy uncertainty, impacting market sentiment [1] - It is advisable to invest in low-beta stocks to safeguard portfolios during this volatility [1] Beta Measurement - Beta measures the volatility of a stock relative to the market, with a beta of 1 indicating movement in line with the market [2][3] - Stocks with a beta greater than 1 are more volatile, while those with a beta less than 1 are less volatile [3] Stock Screening Criteria - Stocks with a beta between 0 and 0.6 are screened for lower volatility [4] - Additional criteria include positive price movement over the last month, average trading volume greater than 50,000, a minimum price of $5, and a Zacks Rank of 1 (Strong Buy) [5] Featured Low-Beta Stocks - **USA Compression Partners (USAC)**: Positioned to benefit from rising demand for cleaner fuels and plans to add new equipment by year-end, indicating growth potential [6][9] - **Futu Holdings (FUTU)**: A digital financial services provider experiencing rapid growth and increased client trust, expanding its global presence [7][9] - **Garrett Motion (GTX)**: A leading manufacturer of turbochargers focused on efficiency and emissions reduction, also exploring opportunities in advanced cooling technology for data centers [10][9]

Q3 2025 Financial Performance - Net sales increased to $3591 million from $3449 million in Q3 2024[11] - Organic sales increased by approximately 2.1%[11, 33] - Adjusted EPS increased by approximately 14% from $1.09 to $1.24[11] - Free cash flow improved by approximately 32% from $201 million to $266 million[11] - Adjusted operating margin increased from 10.1% to 10.7%[11, 35] 2025 Outlook - Full-year net sales outlook is $14300 million[38] - Adjusted operating margin is expected to be between 10.3% and 10.5%[38, 39] - Adjusted diluted EPS is projected to be between $4.60 and $4.75[39] - Free cash flow is expected to be between $850 million and $950 million[39] - Organic growth is forecasted to be between -1% and 0%[39]

Core Insights - BorgWarner exceeded analysts' profit expectations for the third quarter, driven by robust demand for its turbochargers and powertrains [1] Company Performance - The strong performance in the third quarter is attributed to increased demand for specific product lines, particularly turbochargers and powertrains [1]