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

Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001735707-24-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion Q2 net sales $890M (-12% YoY), net income $64M, updates FY outlook
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570724000040/0001735707-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570724000040/gtx-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001735707-24-000040

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