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.
Key figures
- Eps
- 0.51
- Revenue
- 930000000
- Guidance
- FY2026 net sales $3.75B-$3.85B (narrowed from $3.7B-$3.9B); net income $337M-$352M; Adjusted EBIT $570M-$590M; Adjusted FCF $410M-$450M; reaffirming 2026 mid-point outlook
- Revenue Yoy
- 3% constant currency
- Net income
- 97000000
- Total debt
- 1384000000
- Adjusted fcf
- 136000000
- Gross profit
- 206000000
- Adjusted ebit
- 152000000
- Debt repayment
- 50000000
- Adjusted ebitda
- 183000000
- Net income margin
- 10.4%
- Dividend per share
- 0.08
- Available liquidity
- 841000000
- Operating cash flow
- 135000000
- Adjusted ebit margin
- 16.3%
- Buyback 2027 authorization
- 250000000
AI analysis
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