secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001735707-23-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570723000042/0001735707-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570723000042/gtx-20230424.htm
  HTML page:      https://secwatch.observer/filing/0001735707-23-000042

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