secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0001735707-23-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570723000035/0001735707-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570723000035/gtx-20230417.htm
  HTML page:      https://secwatch.observer/filing/0001735707-23-000035

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