Garrett Motion Inc. (GTX) Form 8-K — Oct 29, 2026
Garrett Motion reported strong Q3 2026 results, with net sales of $930 million up 3% on constant currency and net income of $97 million (10.4% margin), up from $77 million a year ago. Diluted EPS was $0.51 versus $0.38 in Q3 2025, and adjusted free cash flow rose to $136 million from $107 million. The Board approved a new $250 million share repurchase program for 2027 and declared a $0.08 per share dividend payable December 15, 2026. Garrett also executed a $50 million voluntary early repayment on its Term Loan in October, reducing total debt outstanding to $1,384 million.
Key figures
- Eps
- 0.52
- Revenue
- 930000000
- Guidance
- FY2026 net sales $3.75B-$3.85B; net income $337M-$352M; Adjusted EBIT $570M-$590M; adjusted free cash flow $410M-$450M (mid-point outlook reaffirmed)
- Net Income
- 97000000
- Total Debt
- 1384000000
- Revenue Yoy
- +3% (constant currency; reported +3.1%)
- Cash Position
- 211000000
- Q3 buyback
- $57 million repurchased; $78 million capacity remaining
- Adjusted fcf q3
- $136M
- Adjusted ebit q3
- $152M (16.3% margin)
- Dividend per share
- $0.08, payable December 15, 2026
- Available liquidity
- $841 million
- Early debt repayment
- $50 million voluntary Term Loan repayment in October
- Operating cash flow q3
- $135M
- Buyback authorized 2027
- $250 million
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.