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Garrett Motion Inc. - GTX STOCK NEWS

Welcome to our dedicated page for Garrett Motion news (Ticker: GTX), a resource for investors and traders seeking the latest updates and insights on Garrett Motion stock.

Garrett Motion Inc. (NASDAQ: GTX) is a global leader in automotive technology, providing innovative solutions that enable vehicles to become cleaner, more efficient, and connected. With over 65 years of industry experience, Garrett specializes in engineered turbocharging and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs). The company offers a diverse range of products, including gas and diesel turbochargers, electric propulsion systems, fuel cell technologies, and automotive software solutions.

Garrett's cutting-edge technology supports the transportation industry in achieving reduced emissions and improved fuel efficiency. The company's offerings span various powertrains, including gasoline, diesel, natural gas, and electrified systems. Garrett also caters to the aftermarket segment through its extensive distribution network, ensuring that its high-quality technologies are accessible worldwide. Europe remains a significant market for the company, contributing the highest geographical revenue share.

Recent achievements highlight Garrett's commitment to sustainability and innovation. The company recently published a white paper examining the CO2 emissions of battery electric vehicles (BEVs) compared to hybrid vehicles over their lifecycle. According to the study, hybrid vehicles with smaller batteries may offer lower emissions than BEVs in specific use cases, advocating for a mix of technologies to achieve the best environmental outcomes.

Additionally, Garrett Motion launched Garrett Marketplace, an advanced e-commerce platform catering to performance and racing enthusiasts. This online store provides direct access to Garrett's renowned turbochargers and performance parts, fulfilling the desires of motorsport aficionados and hobbyists alike.

Garrett operates through five R&D centers and 13 manufacturing sites, employing approximately 9,300 people across more than 20 countries. Its mission is to drive forward the future of transportation with unique, differentiated innovations. As the automotive industry evolves, Garrett continues to be a trusted partner for OEMs and consumers, offering state-of-the-art technologies that redefine motion.

News

Garrett Motion to Hold First Quarter 2024 Financial Results Conference Call on Thursday April 25, 2024

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Garrett Motion Inc. (GTX) will release its financial results for the first quarter of 2024 on April 25, 2024, followed by a conference call. Investors can dial in or access the webcast on the company's investor relations website.
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Garrett Motion Delivers Strong 2023, Issues 2024 Outlook, Authorizes New $350M Share Repurchase Program

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Garrett Motion Inc. (Nasdaq: GTX) reported strong financial results for Q4 2023 and FY 2023 with net sales up 5% and 8% respectively. Adjusted EBITDA increased to $145 million in Q4 2023. The company announced a flat outlook for FY 2024 with net sales of $3,870 million and net income of $253 million.
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Paul A. Camuti Appointed to Board of Directors of Garrett Motion Inc.

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Garrett Motion Inc. appoints Paul A. Camuti to its Board of Directors while announcing the departure of John Petry. Camuti brings 30 years of experience in innovation and technology, focusing on the industrial sector. Petry, the founder of Sessa Capital, had been instrumental in simplifying the company's capital structure and achieving strong financial performance.
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Garrett Motion to Hold Fourth Quarter and Full Year 2023 Financial Results Conference Call on Thursday February 15, 2024

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Garrett Motion Inc. (Nasdaq: GTX) has announced its plans to release its financial results for the fourth quarter and full year 2023 on February 15, 2024. The company will also hold a conference call on the same day, providing an opportunity for investors and stakeholders to participate and access supporting materials through the webcast. The announcement indicates a commitment to transparency and engagement with the investment community.
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Garrett Motion, Global Leader in Turbochargers, Launches Online Marketplace for Racing Enthusiasts

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Garrett Motion (NASDAQ:GTX) launches Garrett Marketplace, an advanced e-commerce platform for turbocharger enthusiasts, racing professionals, and automotive hobbyists. The platform offers a broad portfolio of genuine parts, including turbochargers, intercoolers, wastegates, accessories, and replacement parts, fulfilling the long-time demand for direct access to Garrett's engineering prowess. The platform is available in the United States and will be launched in Europe and Australia in 2024. Garrett Performance, a pioneer in the racing world, has been dedicated to engineering and manufacturing industry-leading turbochargers and accessories for decades, with its portfolio boasting a complete line of turbochargers, intercoolers, valves, and vehicle-specific performance products for almost any gas engine, with displacements and horsepower ranges between 1.4L to 12.0L and 140 - 3000hp, respectively.
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Is the Automotive Industry's Transition to 100% Battery Electric Vehicles (EVs) the Most Effective Way to Decarbonize European Transport?

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Garrett Motion Inc. (NASDAQ:GTX) released a white paper titled 'Is the automotive industry's transition to 100 percent electric vehicles the most effective way to decarbonize European transport?'. The study compares CO2 emissions generated by battery electric vehicles and hybrid vehicles throughout their lifecycle, challenging the industry's focus on increasing vehicle range via larger and heavier batteries.
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Garrett Motion White Paper Tackles Key Question Regarding Vehicle CO2 Emissions:

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Garrett Motion Inc. (Nasdaq: GTX) has published a white paper titled 'Is the automotive industry's transition to 100 percent electric vehicles the most effective way to decarbonize European transport?' The study compares the CO2 emissions generated by battery electric vehicles versus hybrid vehicles throughout their lifecycle, including the manufacture and use of these vehicles. Contrary to popular perceptions, results point at minimal to no advantages for BEVs over hybrids in terms of CO2 emissions. The study suggests aligning vehicle battery size with intended daily use and that, for typical daily vehicle use, hybrids with low-capacity batteries outperform BEVs in terms of minimizing emissions.
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Garrett Motion Reports Third Quarter 2023 Financial Results, Awarded Two Additional E-Cooling Pre-Developments, Debuts the GT80, Garrett’s Largest Turbo for Industrial Customers

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Garrett Motion Inc. announces Q3 2023 financial results, with net sales of $960 million, up 2% on a reported basis. Adjusted EBITDA totaled $152 million, and net cash provided by operating activities was $74 million. The company also repaid $200 million of debt and repurchased $161 million of Common Stock. However, the revised 2023 outlook range for currency headwinds has been narrowed.
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Garrett Motion to Hold Third Quarter 2023 Financial Results Conference Call on Tuesday October 24, 2023

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Garrett Motion Inc. plans to issue financial results for Q3 2023 on October 24, 2023. Conference call and webcast to be held on the same day. Replay and webcast will be available on Garrett's website.
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Garrett Motion Reports Strong Second Quarter 2023 Financial Results, Raises Full Year Outlook, and Planning Partial Debt Repayment

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Garrett Motion Inc. (Nasdaq: GTX) - Q2 2023 Highlights: Net sales of $1,011 million, up 18%, net income of $71 million, raising 2023 outlook. Strong performance in operational metrics, new product wins in electric solutions. Expected Q3 early debt repayment of $200 million.
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FAQ

What is the current stock price of Garrett Motion (GTX)?

The current stock price of Garrett Motion (GTX) is $9.01 as of December 20, 2024.

What is the market cap of Garrett Motion (GTX)?

The market cap of Garrett Motion (GTX) is approximately 1.9B.

What does Garrett Motion Inc. specialize in?

Garrett Motion specializes in engineered turbocharging and electric-boosting technologies for light and commercial vehicles, including gas and diesel turbochargers, fuel cell technologies, and automotive software solutions.

Where does Garrett Motion derive most of its revenue?

Garrett Motion derives most of its revenue from gas turbochargers and geographically from Europe.

What recent study has Garrett Motion published?

Garrett Motion recently published a white paper comparing the lifecycle CO2 emissions of battery electric vehicles (BEVs) and hybrid vehicles, advocating for a mix of technologies to achieve optimal environmental outcomes.

What is Garrett Marketplace?

Garrett Marketplace is an advanced e-commerce platform launched by Garrett Motion to provide direct access to its turbochargers and performance parts, catering to performance and racing enthusiasts.

How does Garrett Motion contribute to reducing vehicle emissions?

Garrett Motion's technologies, such as turbochargers and electric-boosting systems, enhance vehicle efficiency and reduce emissions. The company’s innovative solutions support the transition to cleaner, more efficient transportation.

How long has Garrett Motion been in the automotive industry?

Garrett Motion has been serving the automotive industry for over 65 years, providing cutting-edge technologies and solutions.

How extensive is Garrett Motion's global presence?

Garrett Motion operates five R&D centers, 13 manufacturing sites, and has a workforce of approximately 9,300 employees across more than 20 countries.

What is Garrett Motion's mission?

Garrett Motion's mission is to empower the transportation industry to advance motion through unique, differentiated innovations.

What types of vehicles benefit from Garrett's technologies?

Garrett's technologies benefit a wide range of vehicles, including passenger cars, SUVs, sports vehicles, light commercial vehicles, and hydrogen fuel cell vehicles.

Does Garrett Motion provide aftermarket solutions?

Yes, Garrett Motion also sells its advanced technologies in the aftermarket through an extensive distribution network, ensuring access to high-quality products worldwide.

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Garrett Motion Inc.

Nasdaq:GTX

GTX Rankings

#1989 Ranked by Market Cap
#1185 Ranked by Dividends

GTX Stock Data

1.94B
173.99M
0.58%
94.7%
3.41%
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