Garrett Motion reports Q3 EPS 38c vs. 24c last year

Reports Q2 revenue $902M, consensus $866.16M. “Garrett delivered another strong quarter in Q3, outperforming the industry, expanding our Adjusted EBIT margin to 14.7% and generating $107M of adjusted free cash flow,” said , CEO Olivier Rabiller. “This performance enabled $84M in share repurchases in Q3 and a 33% increase in our quarterly dividend beginning in Q4, reinforcing our disciplined approach to capital allocation and commitment to driving shareholder value. Based on our year-to-date performance and favorable industry conditions, we are once again raising the midpoint for our full-year 2025 outlook. We continued to strengthen our global leadership in turbocharging, including plug-in hybrids and range-extended electric vehicles. Key wins this quarter included major light-vehicle platform awards in the US, India and Brazil, as well as over $40M in expected lifetime revenue in turbochargers for data center backup power generation applications. Momentum is also building for our zero-emission technologies, with two additional OEMs engaging on our high-speed E-Powertrain and several industrial customers advancing projects using our oil-free E-Cooling compressor. These developments further validate our two-leg strategy of: reinforcing our turbocharging leadership while scaling differentiated high-speed electrification and zero-emission technologies.”