---
schema_version: "secwatch.filing_event.v1"
accession: "0001735707-24-000010"
form_type: "8-K"
ticker: "GTX"
cik: "0001735707"
company_name: "Garrett Motion Inc."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:21:21.277531+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Garrett Motion delivers record 2023 adj. EBITDA, issues 2024 outlook, and authorizes $350M buyback

## Summary
- Q4 net sales $945M (+5% YoY); net income $52M vs $112M; adj. EBITDA $145M (15.3% margin).
- Full-year 2023 net sales $3,886M (+8%); net income $261M; adj. EBITDA $635M (record), adj. free cash flow $422M.
- FY 2024 guidance: net sales $3,870M (flat), net income $253M, adj. EBITDA $620M, adj. free cash flow $375M.
- Board authorized new $350M share repurchase program for 2024; $213M repurchased in 2023.
- Early debt repayment of $200M in 2023; targeting $1B zero-emission revenue by 2030.

## SEC filing metadata
- accession: 0001735707-24-000010
- form_type: 8-K
- ticker: GTX
- cik: 0001735707
- company_name: Garrett Motion Inc.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1735707/000173570724000010/0001735707-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1735707/000173570724000010/gtx-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001735707-24-000010
- JSON: https://secwatch.observer/filing/0001735707-24-000010.json
- Plain text: https://secwatch.observer/filing/0001735707-24-000010.txt

## Key facts
- Earnings Releases
  Garrett Motion Inc. reported Full Year 2024 results: revenue Net sales of $3,870 million, net income Net income of $253 million. Guidance reaffirmed.
  - Period: Full Year 2024
  - Revenue: Net sales of $3,870 million
  - Net income: Net income of $253 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Full Year 2024 Outlook • Net sales of $3,870 million, flat on a reported and constant currency basis* • Net income of $253 million; Net income margin 6.5% • Adjusted EBITDA* of $620 million; Adjusted EBITDA margin* of 16.0% • Net cash provided by operating activities of $420 million • Adjusted free cash flow* of $375 million • Authorization to repurchase $350 million of Common Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735707/000173570724000010/0001735707-24-000010-index.htm
- Earnings Releases
  Garrett Motion Inc. reported financial results for the three and twelve months ended December 31, 2023.
  - Period: the three and twelve months ended December 31, 2023
  - Result: reported results
  source text: On February 15, 2024, Garrett Motion Inc. (the “Company”), issued a press release to report the Company’s financial results for the three and twelve months ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735707/000173570724000010/0001735707-24-000010-index.htm

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