Garrett Motion Inc. (GTX) Form 8-K — Jul 29, 2026
Garrett Motion reported strong second quarter 2026 results with net sales increasing 7% year-over-year to $976 million and net income rising to $101 million. Adjusted EBIT margin expanded significantly by 200 basis points to 15.6%, driven by disciplined execution and share gains across passenger and commercial vehicle verticals. The company demonstrated solid capital allocation by repurchasing $28 million of common stock and declaring a cash dividend of $0.08 per share. Garrett maintained $788 million in available liquidity at the end of the quarter, comprising $158 million in cash and $630 million in undrawn credit facilities.
Key figures
- Eps
- 0.53
- Revenue
- 976
- Net Income
- 101
- Total Debt
- 1386
- Revenue Yoy
- 7%
- Cash Position
- 158
- Shares Outstanding
- 186800685
- Adjusted EBIT
- 152
- Dividend Per Share
- 0.08
- Adjusted EBITMargin
- 15.6%
- Adjusted Free Cash Flow
- 122
- Share Repurchase Amount
- 28
Price after filing
Close on the filing date to close N calendar days later (from $30.80). Historical, not a forecast.
AI analysis
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