Garrett Motion Inc.

Garrett Motion Reports Strong Third Quarter 2026 Results and Announces $250 Million Share Repurchase Program for 2027

Garrett Motion reported Q3 2026 net sales of $930 million, up 3% on a constant-currency basis, with net income of $97 million and a 10.4% net income margin, up from 8.5% a year ago. Adjusted EBIT rose to $152 million (16.3% margin) and adjusted free cash flow reached $136 million, both up meaningfully year-over-year, and the company reaffirmed its 2026 mid-point outlook. The Board authorized a new $250 million share repurchase program for 2027, declared a $0.08 per-share dividend, and the company executed a $50 million early Term Loan repayment in October. Growth is being driven by commercial vehicle and industrial demand plus new turbo program wins, while E-Powertrain and E-Cooling products remain on track for 2027 start of production.

•5d ago

Garrett Motion’s Oil-Free Centrifugal Compressor Technology Advances Data Center Cooling Applications

Garrett Motion announced that Multistack selected its oil-free centrifugal compressor technology for next-generation data center cooling platforms in Asia-Pacific. The compressors will be integrated into Multistack's CRAC-DX direct-expansion cooling units, with start of production planned for the second half of 2027. The design supports the growing cooling demands of AI and digital infrastructure. The win marks a step in Garrett's expansion into industrial thermal management beyond its core automotive turbocharging business, though no financial terms were disclosed.

•5d ago

Garrett Motion Reports Strong Second Quarter 2026 Results, Increases 2026 Outlook

Garrett Motion reported Q2 revenue of $976 million, up 7% year-over-year, with adjusted EBIT margin expanding 200 basis points to 15.6% driven by disciplined execution and share gains. The company raised its full-year 2026 outlook, increasing sales guidance to $3.7-$3.9 billion and adjusted EBIT to $560-$600 million, reflecting confidence in demand across passenger and commercial vehicle verticals. Capital allocation efforts included the declaration of a $0.08 per share dividend and the repurchase of $28 million of common stock, leaving $135 million in remaining buyback capacity.

•3mo ago

Dave Crompton Appointed to Board of Directors of Garrett Motion Inc.

Garrett Motion appointed Dave Crompton to its Board of Directors, adding a veteran leader with over four decades of experience in commercial transportation and power generation. Mr. Crompton currently serves as Executive Chair and Co-Founder of Pioneer Clean Fleet Solutions and previously spent 28 years at Cummins Inc., including roles as President of the Engine Business and Power Systems. Chairman Daniel Ninivaggi noted that Crompton's expertise in advanced powertrain technologies and global operations will support Garrett's strategy to expand beyond automotive applications.

•3mo ago

Garrett Motion announces partial repayment and successful repricing of Term Loan

Garrett Motion successfully repriced its $635 million term loan due in 2032, reducing the interest rate spread by 25 basis points to SOFR plus 175 bps. The company also executed a $50 million early repayment on the facility, demonstrating strong liquidity and lender confidence. CEO Olivier Rabiller stated the move reflects the strength of Garrett’s financial profile and will further reduce interest expense.

•5mo ago

Garrett Motion Reports First Quarter 2026 Financial Results, Raises 2026 Outlook

Garrett Motion delivered a strong Q1 2026, with net sales rising 12% year-over-year to $985 million and diluted EPS reaching $0.49. Adjusted EBIT margin expanded to 15.3%, driving $49 million in adjusted free cash flow. Building on this momentum, the company raised its full-year 2026 outlook, increasing the top end of its net sales guidance to $3.9 billion and Adjusted EBIT to $600 million. Capital returns were a major focus during the quarter, with the company repurchasing $87 million of common stock and declaring a cash dividend of $0.08 per share.

•6mo ago

Garrett Motion’s Breakthrough Oil-Free Centrifugal Compressor Enhances High-Efficiency Liquid Cooling Solutions

Garrett Motion partnered with TONFY to integrate its oil-free centrifugal compressor technology into liquid cooling solutions for battery energy storage systems. Testing demonstrated the technology delivers approximately double the cooling capacity within a comparable footprint and over 10% efficiency improvement. The companies plan to integrate the tech into 80 kW units with mass production slated for 2027.

•6mo ago