secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001735707-23-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion Q2 net sales $1.011B (+18% YoY); raises FY2023 outlook; plans $200M debt repayment
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- Net sales $1,011M (+18% YoY); net income $71M (7.0% margin); adj. EBITDA $170M (16.8% margin).
- Adjusted free cash flow $140M vs $23M in Q2 2022; operating cash flow $164M.
- Raising full year 2023 financial outlook (specifics not detailed in release).
- Planning early debt repayment of $200M in Q3 2023.
- Won two pre-development awards in E-Powertrain and E-Cooling for zero-emission vehicles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570723000058/0001735707-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570723000058/gtx-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001735707-23-000058

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