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Garrett Motion (GTX)
NASDAQ:GTX
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 6.58%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Garrett's strong operational performance and strategic initiatives, such as share repurchases and expansion in China. However, challenges like sales softness in the light vehicle industry and negative foreign exchange impacts were also noted.Company Guidance
In their fourth quarter and full year 2024 financial results call, Garrett Motion provided guidance for 2025 with several key metrics. They projected net sales at around $3.4 billion, reflecting a slight decline of 1% in sales growth at constant currency. The company expects net income of $232 million, adjusted EBITDA of $575 million, and adjusted EBIT of $457 million. Garrett Motion anticipates generating $402 million in net cash from operating activities, with adjusted free cash flow projected at $345 million. The company plans to continue executing productivity gains and passing through pricing adjustments. Additionally, Garrett Motion aims to invest 4.6% of sales in R&D, focusing over 50% of this spending on zero-emission technologies. They also announced a new $250 million share repurchase program for 2025 and expect to pay $50 million in dividends throughout the year.Strong Q4 Operating Performance
Garrett delivered an adjusted EBITDA of $153 million with a margin of 18.1%, an increase of 280 basis points compared to Q4 2023.
Share Repurchase and Dividend Program
The company repurchased $296 million of common stock in 2024, reducing the share count by 13% compared to the end of 2023. A new $250 million share repurchase program and $50 million in dividends are planned for 2025.
Expansion in China
Garrett secured new business with Chinese OEMs, focusing on plug-in hybrids and range extenders, strengthening their market position in the region.
Introduction of Adjusted EBIT Metric
Garrett will use adjusted EBIT as a new financial metric, reporting $485 million for the full year 2024, achieving a margin of 14%.
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GTX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GTX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $9.27 | $9.75 | +5.18% |
| Oct 24, 2024 | $7.93 | $7.34 | -7.44% |
| Jul 25, 2024 | $9.06 | $8.01 | -11.59% |
| Apr 25, 2024 | $9.79 | $9.82 | +0.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Garrett Motion (GTX) report earnings?
Garrett Motion (GTX) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Garrett Motion (GTX) earnings time?
Garrett Motion (GTX) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GTX EPS forecast?
GTX EPS forecast for the fiscal quarter 2025 (Q1) is 0.29.
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