earnings
confidence high
sentiment positive
materiality 0.80
Garrett Motion Q4 net sales down 11% to $844M, adjusted EBITDA margin expands 90bps to 18.1%
Garrett Motion Inc.
2024-FY EPS reported
$1.26
revenue$3,475,000,000
- Full-year net sales $3,475M (-11% YoY); net income $282M, net income margin 8.1%.
- Adjusted EBITDA margin improved 90bps to 17.2%; adjusted free cash flow $358M.
- Repurchased $296M of shares (13% reduction); initiated $50M annual dividend and $250M buyback for 2025.
- Secured largest turbocharger contracts for marine/backup power (SOP 2026); signed letter of intent with SinoTruk for e-powertrain.
- Expects 2025 adjusted EBITDA between $580M and $620M; adjusting to revised IFRS standard.