Garrett Motion Q3 net sales fall 14% to $826M; adj. EBITDA margin improves to 17.4%

Garrett Motion Inc.

2024-Q3 EPS reported $0.80 revenue$2,631,000,000

Net sales $826M, down 14% YoY; driven by industry softness in Europe/China and OEM competition.
Net income $52M (margin 6.3%) vs $57M a year ago; adjusted EBITDA $144M (margin 17.4%, up 160 bps).
Adjusted free cash flow $71M; net cash from operations $67M in Q3.
Won marine/auxiliary power awards for largest turbocharger; partnered with SinoTruk on e-powertrain by 2027.
Full-year 2024 outlook update referenced in press release; specific guidance numbers not in this excerpt.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.