secwatch.observer — SEC 8-K summary
======================================

Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001735707-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570724000010/0001735707-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570724000010/gtx-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001735707-24-000010

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