Headquartered in Plymouth, MI Fiscal year ends December NASDAQ: GTX garrettmotion.com
Garrett Motion Inc. (Nasdaq: GTX) is an automotive and industrial technology provider with a 70-year history centered on turbocharging. Its turbochargers help reduce engine size, fuel consumption and CO2 emissions.
The company sells across five lines:
- Gasoline turbochargers
- Diesel turbochargers
- Commercial vehicle and industrial applications (on- and off-highway trucks, off-highway equipment, marine and power generators)
- Aftermarket replacement parts
- Other sales
Garrett is also developing zero-emission technologies, including fuel cell compressors for hydrogen fuel cell vehicles, electric propulsion (E-Powertrain) and thermal management systems such as the E-Cooling compressor for automotive and industrial uses. E-Powertrain and E-Cooling compressor are targeted for start of production in 2027.
The company operates six R&D centers and 13 manufacturing facilities, with more than 8,700 employees in more than 20 countries. It returns capital through quarterly dividends and annual share repurchase programs while paying down Term Loan debt. Updated
Margins are carrying Garrett: gross margin expanded to 22.2% from 20.6% on mix, productivity and pricing, enough to beat on earnings even as revenue came in missing expectations. Management narrowed full-year sales guidance to $3.75 billion to $3.85 billion and the board authorized a new $250 million buyback for 2027.
Howard Marks just filed five equity positions that look nothing like a bull-market portfolio, and every one has moved sharply since he bought. The question now is whether his thesis still holds…
Garrett Motion Inc. (Nasdaq: GTX) is an automotive and industrial technology provider with a 70-year history centered on turbocharging. Its turbochargers help reduce engine size, fuel consumption and CO2 emissions.
The Wall Street consensus 12-month price target for GTX is $34.83.
