---
schema_version: "secwatch.filing_event.v1"
accession: "0001735707-23-000035"
form_type: "8-K"
ticker: "GTX"
cik: "0001735707"
company_name: "Garrett Motion Inc."
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:27:06.680529+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Garrett Motion Q1 preliminary net sales $970M (+8% YoY); raises FY 2023 outlook across all metrics

## Summary
- Net sales $970M (+8% YoY; +13% constant currency); Net income $81M vs $88M YoY (due to swap mark-to-market).
- Adjusted EBITDA $168M (17.3% margin) vs $146M; Adjusted free cash flow $88M vs $38M.
- Cash from operations $92M vs $73M; Cash and equivalents $291M; Total debt $1,193M; $475M undrawn RCF.
- Full year 2023 outlook raised for net sales, net income, adjusted EBITDA, cash flow, and adjusted free cash flow.

## SEC filing metadata
- accession: 0001735707-23-000035
- form_type: 8-K
- ticker: GTX
- cik: 0001735707
- company_name: Garrett Motion Inc.
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1735707/000173570723000035/0001735707-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1735707/000173570723000035/gtx-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001735707-23-000035
- JSON: https://secwatch.observer/filing/0001735707-23-000035.json
- Plain text: https://secwatch.observer/filing/0001735707-23-000035.txt

## Key facts
- Earnings Releases
  Garrett Motion Inc. reported three months ended March 31, 2023 results: revenue $970 million, net income $81 million. Guidance raised.
  - Period: three months ended March 31, 2023
  - Revenue: $970 million
  - Net income: $81 million
  - Guidance: raised
  - Result: preliminary results
  source text: Company’s detailed quarter-end close procedures and independent review, the Company expects the following results for the first quarter ended on March 31, 2023: • Net sales of $970 million, an 8% increase compared to $901 million in first quarter 2022, up 13% at constant currency* • Net income of $81 million, net income margin 8.4%, down from $88 million, primarily
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735707/000173570723000035/0001735707-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.