secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001735707-22-000041
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion Q1 net sales $901M (-10% YoY); net income $88M vs loss in prior year
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- Net sales $901M, down 10% YoY (6% at constant currency); net income $88M vs loss of $105M in Q1 2021.
- Adjusted EBITDA $146M (16.2% margin) vs $176M (17.7%) in Q1 2021.
- Net cash from operations $73M; adjusted free cash flow $38M.
- Updated 2022 outlook for lower auto production and FX; new wins in E-Turbo and fuel cell compressor.
- Gross profit $175M (19.4%) vs $196M (19.7%); productivity gains offset inflation and supply chain costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570722000041/0001735707-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570722000041/gtx-20220428.htm
  HTML page:      https://secwatch.observer/filing/0001735707-22-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer