secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001735707-25-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion Q1 net sales $878M, adjusted EBIT $131M; wins first electric motor series production award
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- Net sales $878M (down 4% YoY); net income $62M, net income margin 7.1% vs. 7.2% prior year.
- Adjusted EBIT $131M (14.9% margin), up from $121M (13.2%) in Q1 2024.
- Won first major series production award for electric traction motors; heavy-duty truck application, start 2027.
- Reiterated full-year 2025 outlook; declared $0.06/share quarterly dividend payable June 16, 2025.
- Gross profit $179M (20.4%) vs. $172M (18.8%) YoY; cost savings from structural actions in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570725000020/0001735707-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570725000020/gtx-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001735707-25-000020

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