secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001735707-22-000052
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion Q2 net sales $859M (-8% YoY), net income $85M, adjusted EBITDA $138M, updates FY2022 outlook
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- Net sales $859M (-8% YoY, flat constant currency); net income $85M vs $409M (including $295M reorganization gain prior year).
- Adjusted EBITDA $138M (16.1% margin) vs $168M (18.0%) prior year; adjusted free cash flow $23M.
- Completed $212M prepayment, fully redeemed Series B preferred stock, reducing leverage.
- Updated FY2022 outlook: expects upper half of prior range, higher production offset by weaker euro.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570722000052/0001735707-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570722000052/gtx-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001735707-22-000052

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