---
schema_version: "secwatch.filing_event.v1"
accession: "0001735707-23-000072"
form_type: "8-K"
ticker: "GTX"
cik: "0001735707"
company_name: "Garrett Motion Inc."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T14:23:27.910252+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Garrett Motion Q3 net income falls to $57M from $105M; adjusted EBITDA margin improves to 15.8%

## Summary
- Net sales of $960M, up 2% reported but down 1% constant currency; net income margin 5.9% vs. 11.1% a year ago.
- Adjusted EBITDA of $152M (15.8% margin) vs. $146M (15.4%) in Q3 2022; adjusted free cash flow $57M.
- Repaid $200M of debt early and repurchased $161M of common stock; S&P upgraded to BB- with stable outlook.
- Received two new E-Cooling pre-development awards and launched GT80, largest turbo for industrial customers.
- Revised and narrowed 2023 outlook range due to currency headwinds; no specific guidance numbers provided.

## SEC filing metadata
- accession: 0001735707-23-000072
- form_type: 8-K
- ticker: GTX
- cik: 0001735707
- company_name: Garrett Motion Inc.
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1735707/000173570723000072/0001735707-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1735707/000173570723000072/gtx-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001735707-23-000072
- JSON: https://secwatch.observer/filing/0001735707-23-000072.json
- Plain text: https://secwatch.observer/filing/0001735707-23-000072.txt

## Key facts
- Earnings Releases
  Garrett Motion Inc. reported the three months ended September 30, 2023 results: revenue $960 million, net income $57 million.
  - Period: the three months ended September 30, 2023
  - Revenue: $960 million
  - Net income: $57 million
  - Result: reported results
  source text: Net sales totaled $960 million, up 2% on a reported basis, down 1% at constant currency
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735707/000173570723000072/0001735707-23-000072-index.htm

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