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Garrett Motion (GTX)
NASDAQ:GTX
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.29Last Year’s EPS
$0.21Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 12.91%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Neutral
Garrett Motion exhibited strong operational performance and cash generation capabilities despite a challenging revenue environment, with significant achievements in cost management, innovation, and shareholder returns. However, the softness in the automotive industry and increased interest expenses present ongoing challenges.Company Guidance
In Garrett Motion's Q3 2024 earnings call, the company provided guidance highlighting key metrics and operational performance. Garrett achieved a robust adjusted EBITDA margin of 17.4%, an increase of 160 basis points from the previous year, despite facing challenges in the automotive industry, particularly in Europe and China. The company generated $71 million in adjusted free cash flow and repurchased $52 million of common stock in the quarter, totaling $226 million for the year. Garrett's revenue from commercial vehicles, aftermarket, and industrial sectors, which constitutes about 30% of their total revenue, remained stable. For the full year 2024, Garrett projected net sales of $3.45 billion, an adjusted EBITDA of $595 million, and a free cash flow of $325 million, implying a 17.2% adjusted EBITDA margin. The company continues to invest significantly in zero-emission technologies, dedicating over 50% of its R&D budget to this area.Strong Adjusted EBITDA Margin
Garrett Motion delivered a strong adjusted EBITDA margin of 17.4%, up 160 basis points from the previous year, despite challenging industry conditions.
Healthy Adjusted Free Cash Flow
The company generated $71 million of adjusted free cash flow in Q3 2024, reflecting strong operational performance.
Significant Share Repurchases
Garrett repurchased $52 million of common stock in the quarter, totaling $226 million for the year under the $350 million stock repurchase program.
Commercial Wins and Innovation Recognition
Garrett secured several significant commercial wins in turbo technology and received the 2024 Stellantis Innovation Award for its advancements in zero-emission vehicle technologies.
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GTX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GTX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $7.98 | $7.39 | -7.39% |
| Jul 25, 2024 | $9.12 | $8.06 | -11.62% |
| Apr 25, 2024 | $9.85 | $9.88 | +0.30% |
| Feb 15, 2024 | $8.36 | $9.44 | +12.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Garrett Motion (GTX) report earnings?
Garrett Motion (GTX) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Garrett Motion (GTX) earnings time?
Garrett Motion (GTX) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GTX EPS forecast?
GTX EPS forecast for the fiscal quarter 2024 (Q4) is $0.29.
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