STOCK TITAN

Garrett Motion - 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.

Overview of Garrett Motion Inc.

Garrett Motion Inc. (NYSE: GTX) is a globally recognized leader in automotive technology, specializing in the design and manufacture of advanced turbocharging and electric-boosting systems. With over 65 years of industry expertise, Garrett serves a diverse range of vehicle original equipment manufacturers (OEMs) worldwide, providing cutting-edge solutions that enable cleaner, more efficient, and connected transportation systems. The company’s product portfolio spans gasoline, diesel, natural gas, and electrified powertrains, positioning it as a pivotal partner in the automotive industry's transition toward sustainability and innovation.

Core Business and Revenue Streams

Garrett Motion generates revenue through two primary channels: direct sales to OEMs and aftermarket distribution. The company’s OEM partnerships focus on supplying engineered turbochargers and electric-boosting technologies for light and commercial vehicles. These technologies enhance engine performance, improve fuel efficiency, and reduce emissions, aligning with stringent regulatory standards and growing consumer demand for sustainable mobility. In the aftermarket segment, Garrett leverages its extensive distribution network to provide replacement parts and services, ensuring long-term customer engagement and brand loyalty.

Product Offerings and Technological Focus

Garrett Motion’s product offerings are diverse and technologically advanced, reflecting its commitment to innovation. Key product categories include:

  • Turbocharging Systems: High-performance gas and diesel turbochargers that enable engine downsizing while maintaining power and efficiency.
  • Electric Boosting Technologies: Solutions such as e-turbos and electric compressors designed to enhance performance in hybrid and electric vehicles.
  • Fuel Cell Compressors: Critical components for hydrogen fuel cell vehicles, supporting zero-emission transportation solutions.
  • Automotive Software Solutions: Advanced software platforms that optimize vehicle performance, connectivity, and diagnostics.

These innovations not only address current market demands but also position Garrett as a key player in the future of electrified and zero-emission vehicles.

Market Position and Geographic Reach

Garrett Motion operates in a highly competitive landscape, with notable competitors in the turbocharger and automotive technology sectors. The company differentiates itself through its extensive R&D capabilities, proprietary technologies, and a proven track record of innovation. Geographically, Garrett derives a significant portion of its revenue from Europe, a region known for its stringent emissions regulations and robust automotive industry. This geographic focus underscores the company’s alignment with markets that prioritize sustainability and advanced vehicle technologies.

Challenges and Opportunities

While Garrett Motion has established itself as a leader in turbocharging technologies, the industry’s shift toward electrification presents both challenges and opportunities. The company’s investments in electric boosting and fuel cell technologies demonstrate its proactive approach to adapting to market trends. However, the transition from internal combustion engines to electrified powertrains requires continuous innovation and strategic diversification to maintain competitive advantage.

Conclusion

Garrett Motion Inc. stands out as a differentiated technology provider in the automotive sector, combining decades of expertise with a forward-looking approach to innovation. By addressing the evolving needs of the transportation industry, the company plays a crucial role in advancing motion through cleaner, more efficient, and connected solutions. Its dual focus on traditional and emerging vehicle technologies positions Garrett as a resilient and adaptive player in a rapidly changing market.

Rhea-AI Summary

Garrett Motion Inc. announced the pricing of an offering of $800 million of senior unsecured notes due 2032. The notes will be guaranteed by the Company's subsidiaries and will be used to repay existing debt and related expenses. The Offering size was increased from $500 million to $800 million. The notes are being sold to qualified institutional buyers and certain non-U.S. persons.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
-
Rhea-AI Summary

Garrett Motion Inc. announced a proposed private offering of $500 million of senior notes due 2032 through its subsidiaries. The offering aims to repay term loan indebtedness and related fees and expenses. The notes are guaranteed by the Company and its subsidiaries and are offered to qualified institutional buyers and non-U.S. persons.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
-
Rhea-AI Summary
Garrett Motion Inc. reported first-quarter 2024 financial results with net sales of $915 million, down 6% YoY, net income of $66 million, adjusted EBITDA of $151 million, and reiterated full-year 2024 outlook with net sales of $3,870 million and adjusted EBITDA of $620 million. The company repurchased $109 million of common stock, highlighted increased customer interest in turbo and zero emission technologies, and continued investment in new technologies. The financials show a decline in net sales due to softness in gasoline, diesel, and commercial vehicles, lower pricing, and unfavorable product mix. Despite challenges, Garrett maintains a solid financial position with available liquidity of $766 million and debt outstanding of $1,683 million. The company expects flat to slightly lower light vehicle production in 2024 and increased commercial vehicle production. Garrett's outlook includes investments in R&D for zero emission technologies and capital expenditures for the same. Overall, the company's financial performance reflects a mix of challenges and opportunities in the automotive technology sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.92%
Tags
buyback
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.98%
Tags
management
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.22%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.8%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
none

FAQ

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

The current stock price of Garrett Motion (GTX) is $9.66 as of February 28, 2025.

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

The market cap of Garrett Motion (GTX) is approximately 2.0B.

What does Garrett Motion Inc. specialize in?

Garrett Motion specializes in turbocharging, electric boosting, fuel cell technologies, and automotive software solutions for cleaner and more efficient vehicles.

Who are Garrett Motion’s primary customers?

Garrett Motion primarily serves original equipment manufacturers (OEMs) in the automotive industry and operates in the aftermarket through its distribution network.

How does Garrett Motion generate revenue?

The company generates revenue through direct sales of its technologies to OEMs and by offering replacement parts and services in the aftermarket segment.

What industries does Garrett Motion operate in?

Garrett Motion operates in the automotive technology sector, focusing on light and commercial vehicles, as well as emerging markets like zero-emission vehicles.

What differentiates Garrett Motion from its competitors?

Garrett Motion differentiates itself through its advanced R&D capabilities, proprietary turbocharging and electric boosting technologies, and a long history of innovation in the automotive sector.

What geographic markets are most significant for Garrett Motion?

Garrett Motion derives a significant portion of its revenue from Europe, a region with strict emissions regulations and a strong automotive industry.

What role does Garrett Motion play in zero-emission vehicles?

Garrett Motion develops fuel cell compressors and electric propulsion technologies, supporting the transition to zero-emission transportation solutions.

What challenges does Garrett Motion face in its industry?

Key challenges include adapting to the automotive industry’s shift toward electrification and diversifying its revenue base beyond gas-powered systems and Europe.
Garrett Motion

Nasdaq:GTX

GTX Rankings

GTX Stock Data

2.00B
168.25M
0.58%
93.57%
3.44%
Auto Parts
Motor Vehicle Parts & Accessories
Link
Switzerland
ROLLE