---
schema_version: "secwatch.filing_event.v1"
accession: "0001735707-23-000042"
form_type: "8-K"
ticker: "GTX"
cik: "0001735707"
company_name: "Garrett Motion Inc."
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T19:09:40.571402+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Garrett Motion Q1 2023 sales $970M (+8% YoY), net income $81M, Adj EBITDA $168M; reaffirms outlook

## Summary
- Net sales $970M, up 8% reported, 13% constant currency; gross profit margin 19.5%.
- Net income $81M (8.4% margin), vs $88M in Q1 2022; Adjusted EBITDA $168M (17.3% margin).
- Net cash from operations $92M, adjusted free cash flow $88M.
- Capital structure simplification eliminates Series A preferred dividend, adds >$100M annual net cash flow.
- Reaffirmed 2023 outlook.

## SEC filing metadata
- accession: 0001735707-23-000042
- form_type: 8-K
- ticker: GTX
- cik: 0001735707
- company_name: Garrett Motion Inc.
- filed_at: 2023-04-24T23:59:59+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/1735707/000173570723000042/0001735707-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1735707/000173570723000042/gtx-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001735707-23-000042
- JSON: https://secwatch.observer/filing/0001735707-23-000042.json
- Plain text: https://secwatch.observer/filing/0001735707-23-000042.txt

## Key facts
- Earnings Releases
  Garrett Motion Inc. reported the quarter ended March 31, 2023 results: revenue $970 million, net income $81 million. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Revenue: $970 million
  - Net income: $81 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Net sales totaled $970 million, up 8% on a reported basis, up 13% at constant currency* • Net income totaled $81 million; Net income margin 8.4% • Adjusted EBITDA* totaled $168 million; Adjusted EBITDA margin* of 17.3% • Net cash provided by operating activities totaled $92 million • Adjusted free cash flow* totaled $88 million • Reaffirmed outlook for 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735707/000173570723000042/0001735707-23-000042-index.htm

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