earnings
confidence high
sentiment positive
materiality 0.65
Garrett Motion Q3 net sales up 13% to $945M; net income $105M
Garrett Motion Inc.
2022-Q3 EPS reported
$0.52
revenue$2,705,000,000
- Net sales $945M (+13% GAAP, +25% constant currency); net income $105M (11.1% margin) vs $63M (7.5%).
- Adjusted EBITDA $146M (15.4% margin) vs $134M (16.0% margin); adjusted free cash flow $120M.
- Revised full year 2022 outlook citing stable Q4 demand; expects to flex variable cost structure for recession risk.
- Paid first cash dividend on Series A preferred stock; continued progress on capital structure normalization.