secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001735707-24-000055
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570724000055/0001735707-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570724000055/gtx-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001735707-24-000055

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