secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001735707-23-000027
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion raises 2023 outlook to upper end; preferred conversion possible Q2
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- Full-year 2023 net income and Adjusted EBITDA now expected at upper end of prior outlook, driven by stronger volumes, ramp-up of new programs, operational excellence, and favorable FX.
- Consolidated EBITDA conversion threshold for Series A preferred stock could be satisfied as early as Q2 2023.
- Remaining conversion condition requires 75-day VWAP of common stock > $7.875; VWAP as of March 31, 2023 was $7.70.
- First quarter 2023 conference call scheduled for April 24, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570723000027/0001735707-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570723000027/gtx-20230404.htm
  HTML page:      https://secwatch.observer/filing/0001735707-23-000027

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