---
schema_version: "secwatch.filing_event.v1"
accession: "0001735707-24-000023"
form_type: "8-K"
ticker: "GTX"
cik: "0001735707"
company_name: "Garrett Motion Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:07:36.489135+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Garrett Motion Q1 net sales $915M (-6% YoY), net income $66M, repurchased $109M stock

## Summary
- Net sales $915M, down 6% reported and 5% constant currency; net income $66M ($81M Q1 2023).
- Adjusted EBITDA $151M (16.5% margin) vs $168M (17.3%) in prior year.
- Repurchased $109M of common stock during Q1; made $100M early debt repayment on April 10.
- Reiterated FY 2024 outlook: net sales ~$3,870M, adjusted EBITDA ~$620M, adjusted FCF ~$375M.
- CEO highlighted new series production awards in power generation, traction motor testing with OEM, and fuel cell compressor awards.

## SEC filing metadata
- accession: 0001735707-24-000023
- form_type: 8-K
- ticker: GTX
- cik: 0001735707
- company_name: Garrett Motion Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1735707/000173570724000023/0001735707-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1735707/000173570724000023/gtx-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001735707-24-000023
- JSON: https://secwatch.observer/filing/0001735707-24-000023.json
- Plain text: https://secwatch.observer/filing/0001735707-24-000023.txt

## Key facts
- Earnings Releases
  Garrett Motion Inc. reported the three months ended March 31, 2024 results: revenue $915 million, net income $66 million. Guidance reaffirmed.
  - Period: the three months ended March 31, 2024
  - Revenue: $915 million
  - Net income: $66 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Net sales totaled $915 million, down 6% on a reported basis and 5% at constant currency* • Net income totaled $66 million; Net income margin 7.2% • Adjusted EBITDA* totaled $151 million; Adjusted EBITDA margin* of 16.5%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735707/000173570724000023/0001735707-24-000023-index.htm

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