Garrett Motion Inc. (GTX) Form 10-Q — Oct 29, 2026
Garrett Motion's Q3 2026 net sales rose 3% year-over-year to $930 million, with net income up 26% to $97 million and diluted EPS of $0.51 versus $0.38 a year ago. Gross margin expanded to 22.2% from 20.6%, driven by favorable product mix from commercial vehicle/industrial (+23%) and aftermarket strength, partially offset by gasoline demand softness in China. Capital returns accelerated: the company repurchased $172 million of stock year-to-date (including 2.5 million shares from Oaktree affiliates for $50 million) and the Board authorized a new $250 million buyback program for 2027 on October 28. A $0.08 per-share dividend was declared October 29, payable December 15.
Key figures
- Eps
- $0.51 diluted Q3 ($0.52 basic); $1.53 diluted 9M
- Revenue
- 930
- Net Income
- 97
- Revenue Yoy
- 3.1% (Q3), 7.4% (9M)
- Total Assets
- 2532
- Cash Position
- 211
- Shares Outstanding
- 184605654
- Gross margin q3
- 22.2%
- Buybacks 9m musd
- 172
- Buyback avg price q3
- 28.46
- Q3 gross margin 2025
- 20.6%
- Adjusted ebit 9m musd
- 455
- Adjusted ebit q3 musd
- 152
- Effective tax rate q3
- 18.5%
- Q3 dividend per share
- 0.08
- Dividends paid 9m musd
- 46
- Senior notes 2032 musd
- 800
- Q3 2025 net income musd
- 77
- Interest expense q3 musd
- 27
- Term loan principal musd
- 581
- Nine month net income musd
- 293
- Operating cash flow 9m musd
- 378
AI analysis
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