Garrett Motion (US:GTX)2025-02-20 16:50Financial Performance - Q4 2024 net sales were $844 million, and full year net sales were $3475 million, a decrease of 11% year-over-year for both periods[4] - Q4 2024 Adjusted EBITDA was $153 million, resulting in an 18.1% margin, while full year Adjusted EBITDA was $598 million, with a 17.2% margin[5] - Q4 2024 Adjusted Free Cash Flow was $157 million, and full year Adjusted Free Cash Flow was $358 million, representing a 60% conversion of Adjusted EBITDA to Adjusted Free Cash Flow for the year[6] Capital Allocation - The company returned 82% of Adjusted Free Cash Flow via share repurchases[10] - The company repurchased 13% of shares outstanding within the year[10] - Up to $250 million of share repurchases are authorized for 2025, along with a planned annual dividend of $50 million, paid quarterly[11] Business Highlights and Outlook - The company achieved a greater than 50% business win rate in light vehicle applications across all geographies, including plug-in hybrids and range extenders[12] - The company is expanding its portfolio of electrified solutions, including e-powertrain, fuel cell compressors, and e-cooling compressors[13, 16, 18] - The 2025 outlook includes net sales between $3300 million and $3500 million, representing a -3% to +2% growth at constant currency, and Adjusted EBITDA between $545 million and $605 million[45]