earnings
confidence high
sentiment neutral
materiality 0.70
Garrett Motion Q2 net sales $890M (-12% YoY), net income $64M, updates FY outlook
Garrett Motion Inc.
2024-Q2 EPS reported
$0.56
revenue$1,805,000,000
- Net sales $890M, down 12% YoY (10% constant currency); net income $64M (7.2% margin).
- Adjusted EBITDA $150M (16.9% margin); adjusted free cash flow $62M.
- Repurchased $65M of common stock in Q2 ($174M YTD).
- Updated FY2024 outlook: net sales $3,570M, net income $275M, Adj. EBITDA $608M.
- Issued $800M senior unsecured notes in Q2 to partially repay Term Loan B.