Highest-materiality recent filing
Garrett Motion Q2 net sales $976M (+7% YoY), adj. EBIT margin 15.6%, raises FY outlook
Net sales $976M, up 7% YoY (5% constant currency); net income $101M, margin 10.3%.
Garrett Motion appoints Dave Crompton to Board of Directors
Dave Crompton appointed to Board of Directors, effective July 21, 2026.
Garrett Motion shareholders elect all eight directors and ratify Deloitte as auditor
Eight director nominees elected with strong support; broker non-votes of 13.9M shares.
Garrett Motion reprices $635M term loan, rate cut 25bps to SOFR+175bps, repays $50M early
Interest rate on $635M term loan reduced 25 bps to SOFR + 175 bps, effective May 18, 2026.
Garrett Motion Q1 2026 net sales $985M (+12%), net income $95M, raises full-year outlook
Net sales $985M, up 12% reported and 6% constant currency vs Q1 2025; net income $95M (9.6% margin).
Q4 net sales $891M (+6% reported, +1% constant currency); net income $84M (9.4% margin).
Garrett Motion Q3 net sales $902M (+9% YoY), net income $77M, raises outlook, hikes dividend 33%
Net sales $902M (+9% YoY); net income $77M (8.5% margin) vs $52M in Q3 2024.
Garrett Motion General Counsel Jerome Maironi to retire; steps down from role on Oct 1, 2025
Jerome Maironi, SVP, General Counsel & Corporate Secretary, announced his retirement from Garrett Motion.
Garrett Motion director Kevin Mahony resigns after Centerbridge stake falls below 5%
Kevin Mahony resigned from the Board effective August 27, 2025, also leaving the Nominating and Governance and Finance Committees.
Garrett Motion reprices $690M term loan due 2032, rate cut 25 bps to SOFR+200
Repriced $690 million term loan due 2032; margin reduced to SOFR + 200 bps (25 bps reduction).
Garrett Motion Q2 net sales $913M (+3%), net income $87M; raises FY 2025 outlook
Net income $87M (margin 9.5%) vs $64M in Q2 2024; Adjusted EBIT $124M (13.6% margin).
Garrett Motion shareholders re-elect all nine directors, approve say-on-pay at annual meeting
All nine director nominees elected with >98% of votes cast in favor; Daniel Ninivaggi received 173.4M for.
Garrett Motion launches secondary offering of 17M shares and concurrent $25M buyback
Secondary offering of 17,000,000 shares by Oaktree, Centerbridge and Cyrus Capital affiliates.
Net sales $878M (down 4% YoY); net income $62M, net income margin 7.1% vs. 7.2% prior year.
Garrett Motion Q4 net sales down 11% to $844M, adjusted EBITDA margin expands 90bps to 18.1%
Full-year net sales $3,475M (-11% YoY); net income $282M, net income margin 8.1%.
Garrett Motion refinances $692M term loan and upsizes revolver to $630M, lowers rate 50 bps
Refinanced $692M term loan, new maturity Jan 30, 2032, initial rate SOFR+225 bps (50 bps reduction from prior).
Garrett Motion Q3 net sales fall 14% to $826M; adj. EBITDA margin improves to 17.4%
Net sales $826M, down 14% YoY; driven by industry softness in Europe/China and OEM competition.
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).
Shareholders approved amendment to reduce stockholder vote required to remove directors and amend bylaws (189.5M for, 73K against).
Garrett Motion closes $800M 7.750% Senior Notes due 2032; amends credit facility to lower rates
$800M aggregate principal of 7.750% Senior Notes due 2032 issued; proceeds to repay ~$800M of term loan debt.
Garrett Motion upsizes and prices $800M 7.75% senior notes due 2032 to refinance term loans
Aggregate principal increased from $500M to $800M at 7.750% due 2032.
Garrett Motion Q1 net sales $915M (-6% YoY), net income $66M, repurchased $109M stock
Net sales $915M, down 6% reported and 5% constant currency; net income $66M ($81M Q1 2023).
Garrett Motion delivers record 2023 adj. EBITDA, issues 2024 outlook, and authorizes $350M buyback
Q4 net sales $945M (+5% YoY); net income $52M vs $112M; adj. EBITDA $145M (15.3% margin).
Garrett Motion appoints Paul Camuti to board; director John Petry resigns
Paul A. Camuti appointed to Garrett Board; he is EVP, Chief Technology & Sustainability Officer at Trane Technologies.
Amends advance notice bylaws: replaces specific interest disclosures with a general material interests requirement and adds five-day response deadline.
Garrett Motion Q3 net income falls to $57M from $105M; adjusted EBITDA margin improves to 15.8%
Net sales of $960M, up 2% reported but down 1% constant currency; net income margin 5.9% vs. 11.1% a year ago.
Garrett Motion holds Investor & Technology Day; no specific financial data disclosed in filing
Company held live Investor and Technology Day on October 24, 2023, presenting business lines and technologies.
Garrett Motion discloses data breach from MOVEit vendor incident
Unauthorized party accessed data of Garrett, employees and customers via MOVEit vulnerability; discovered July 28, 2023.
Garrett Motion Q2 net sales $1.011B (+18% YoY); raises FY2023 outlook; plans $200M debt repayment
Net sales $1,011M (+18% YoY); net income $71M (7.0% margin); adj. EBITDA $170M (16.8% margin).
Garrett Motion completes Series A Preferred conversion; pays $25.3M cash and 18.3M shares
Final conversion of all Series A Preferred Stock to Common Stock completed on June 20, 2023.
Garrett Motion converts Series A Preferred Stock to common, simplifies capital structure
Series A Preferred Stock converted to Common Stock effective June 12, 2023 after market close.
Garrett Motion to convert all Series A Preferred into common on June 12, 2023
Certificate of Designations amendment effective and Series A Repurchase expected to close on June 6, 2023.
All nine director nominees elected for one-year terms with substantial majorities; broker non-votes of 17,187,997.
Garrett Motion secures $700M term loan to fund preferred stock repurchase and conversion
New $700M Tranche B term loan, drawn on closing, matures April 30, 2028; quarterly amortization 7.5% first two years then 10%.
Garrett Motion Q1 2023 sales $970M (+8% YoY), net income $81M, Adj EBITDA $168M; reaffirms outlook
Net sales $970M, up 8% reported, 13% constant currency; gross profit margin 19.5%.
Garrett Motion Q1 preliminary net sales $970M (+8% YoY); raises FY 2023 outlook across all metrics
Net sales $970M (+8% YoY; +13% constant currency); Net income $81M vs $88M YoY (due to swap mark-to-market).
Agreed to repurchase ~$570M of Series A Preferred from Centerbridge ($280M) and Oaktree ($290M) at $8.10/share, subject to VWAP adjustment.
Convert all Series A Preferred to Common on/around July 3, 2023; eliminates 11% dividend, adds >$100M annual cash flow.
Garrett Motion raises 2023 outlook to upper end; preferred conversion possible Q2
Full-year 2023 net income and Adjusted EBITDA now expected at upper end of prior outlook, driven by stronger volumes, ramp-up of new programs, operational excellence, and favorable FX.
Garrett Motion declares $0.17/share quarterly cash dividend on Series A Preferred Stock
$0.17 per share quarterly cash dividend on Series A Cumulative Convertible Preferred Stock.
Garrett Motion Q4 net sales up 4% to $898M; adjusted EBITDA margin 15.6%
Q4 net sales $898M (+4% reported, +15% constant currency); net income $112M vs $128M YoY.
Garrett Motion: Steven Silver resigns from board, Kevin Mahony appointed Jan 24
Steven Silver resigned from the Board effective January 22, 2023.
Garrett Motion declares $0.17/share cash dividend on Series A Preferred Stock
Cash dividend of $0.17 per share on Series A Cumulative Convertible Preferred Stock declared on Dec 6, 2022.
Garrett Motion extends $100M share repurchase program to November 2023; $76M remains
Board extended existing $100M share repurchase program by one year to November 15, 2023.
Garrett Motion Q3 net sales up 13% to $945M; net income $105M
Net sales $945M (+13% GAAP, +25% constant currency); net income $105M (11.1% margin) vs $63M (7.5%).
Garrett Motion declares $0.17 cash dividend on Series A Preferred, paying in cash instead of PIK
Quarterly cash dividend of $0.17 per share on Series A Cumulative Convertible Preferred Stock.
Net sales $859M (-8% YoY, flat constant currency); net income $85M vs $409M (including $295M reorganization gain prior year).
Garrett Motion redeems $212M Series B Preferred Stock early, triggering director change
Garrett Motion redeemed all remaining Series B Preferred Stock for $212M on June 28, 2022, using cash on hand.
All nine director nominees elected: each received over 279M votes for, with broker non-votes of ~25.8M shares.
Garrett Motion Q1 net sales $901M (-10% YoY); net income $88M vs loss in prior year
Net sales $901M, down 10% YoY (6% at constant currency); net income $88M vs loss of $105M in Q1 2021.
On February 9, 2024, the board of directors (the “Board”) of Garrett Motion Inc. (the “Company”) announced the appointment of Mr. Paul A. Camuti to the Board.
Additionally, on February 9, 2024, Mr. John Petry notified the Board of his intention to resign from the Board, including the Nominating and Governance Committee of the Board, effective immediately.
On January 22, 2023, Mr. Steven Silver resigned from the board of directors (the “Board”) of Garrett Motion, Inc. (the “Company”), effective immediately.
Concurrent with Mr. Silver’s resignation and pursuant to the Investor Rights Agreement, on January 24, 2023, the Board appointed Mr. Kevin Mahony, a designee of Centerbridge, as a director of the Company.
On June 23, 2022, the Board re-elected Ms. Pierce as a director of the Company effective immediately following the Deemed Resignation.
On October 6, 2021, Garrett Motion Inc. (the “Company”) announced that Joanne Lau has been appointed as the Vice President, Chief Accounting Officer and Corporate Controller of the Company, effective as of the same date
Mr. James will continue to serve the Company in the role of Vice President, ISC Finance.
Darius Adamczyk was replaced as Honeywell’s designee on the Company’s Board of Directors (the “ Board ”) by Tina Pierce
Darius Adamczyk was replaced as Honeywell’s designee on the Company’s Board of Directors (the “ Board ”) by Tina Pierce
Max materiality 0.85 · Median 0.70 · Most common event earnings