Garrett Motion Earnings Call Transcripts
Fiscal Year 2026
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Delivered strong Q1 2026 results with 6% constant currency sales growth and 15.3% Adjusted EBIT margin, driven by broad-based gains and strategic technology wins. Raised full-year outlook midpoints and returned over $100 million to shareholders.
Fiscal Year 2025
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Delivered strong 2025 results with $3.58B in sales and 14.2% adjusted EBIT margin, expanded in zero-emission and industrial cooling, and returned significant capital to shareholders. 2026 outlook targets higher margins and continued growth in new technologies.
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Strong margins and cash flow support investment in advanced technologies and share buybacks. Turbo and electrification platforms drive growth, with robust positions in Europe, China, and industrial markets. Variable cost structure and risk management underpin resilience.
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Q3 2025 saw 6% constant currency sales growth, 14.7% adjusted EBIT margin, and $107M free cash flow, driven by strong gasoline turbo and industrial sales. Outlook for 2025 was raised, with increased capital returns and new technology awards supporting future growth.
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Q2 2025 saw strong gasoline turbo sales and robust cash flow, with net sales of $913M and adjusted EBIT of $124M. The outlook for 2025 was raised, and over $1B in program extensions were secured, reinforcing future revenue visibility.
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Strong Q1 performance with $878M net sales and 14.9% adjusted EBIT margin, driven by gasoline turbo growth and cost actions. Maintained 2025 outlook, continued innovation, and robust liquidity, while monitoring tariff and macro risks.
Fiscal Year 2024
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Q4 and full-year 2024 saw strong margins and cash flow despite industry softness, with robust cost management, share repurchases, and investments in zero-emission tech. 2025 guidance anticipates flat EBITDA (ex-FX), continued capital returns, and increased R&D for electrification.
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Q3 2024 saw a 17.4% adjusted EBITDA margin and strong cash flow despite industry softness, with stable commercial/industrial segments and continued investment in zero-emission tech. Share repurchases and new business wins, including a Sinotruk JV, highlight resilience.
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Q2 2024 saw a 16.9% Adjusted EBITDA margin despite a 12% sales decline, driven by cost flexibility and strong aftermarket growth. Capital allocation included $65M in buybacks and $800M in new notes, while new contracts in zero-emission tech and turbo segments support long-term growth.