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Garrett Motion Inc (NASDAQ: GTX) |
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Price: $8.9700
$0.02 
0.223%
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| Day's High:
| $9.035
| Week Perf:
| 0.22 %
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| Day's Low: |
$ 8.87 |
30 Day Perf: |
-3.24 % |
| Volume (M): |
606 |
52 Wk High: |
$ 10.39 |
| Volume (M$): |
$ 5,435 |
52 Wk Avg: |
$8.82 |
| Open: |
$8.90 |
52 Wk Low: |
$7.13 |
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| Market Capitalization (Millions $) |
2,008 |
| Shares
Outstanding (Millions) |
224 |
| Employees |
7,600 |
| Revenues (TTM) (Millions $) |
3,475 |
| Net Income (TTM) (Millions $) |
282 |
| Cash Flow (TTM) (Millions $) |
-134 |
| Capital Exp. (TTM) (Millions $) |
91 |
Garrett Motion Inc
Garrett Motion Inc is a global leader in providing differentiated technology solutions for both automotive and commercial vehicle markets. The company operates through two primary segments, namely the Aftermarket and the Original Equipment Manufacturer (OEM) segments.
The Aftermarket segment is responsible for providing turbochargers, turbo repair kits, diesel particulate filters, and other engine components to independent distributors, repair centers, and original equipment service providers to support the maintenance and repair of vehicles in the aftermarket.
The OEM segment is responsible for supplying turbochargers, electric-boosting technologies, and other engine-related products to major automobile manufacturers. Garrett's technology solutions help vehicle manufacturers to gain competitive advantages through enhanced performance, better fuel economy, and reduced emissions.
Garrett Motion's extensive product portfolio includes gasoline and diesel turbochargers, electric-boosting solutions, engine sensors, and other emissions control systems. The company's products and solutions are designed to meet the latest global emissions standards and provide a lower carbon footprint for vehicles.
The company's engineering and research team are dedicated to developing innovative solutions that meet the evolving needs of the automotive industry. Garrett has operations in more than 20 countries and employs over 6,000 people globally.
Garrett Motion's commitment to sustainability is reflected in its mission to deliver clean mobility solutions to the world. The company's innovative products and research efforts are focused on reducing emissions and energy consumption by improving engine efficiency and performance.
Garrett's core values of integrity, teamwork, excellence, and innovation are at the heart of its business activities. The company is dedicated to providing high-quality products and services to its customers, ensuring employee safety and development, and being a responsible corporate citizen.
Company Address: La Pi?ce 16 Rolle 1180 MI
Company Phone Number: 695 30 00 Stock Exchange / Ticker: NASDAQ GTX
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| Stock Performances by Major Competitors |
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| Garrett Motion Inc
In reviewing the financial results for Garrett Motion Inc. for the fiscal second quarter of 2024, I found a complex narrative filled with both challenges and hopeful developments. For the first time in a while, the company has turned a profit, reporting earnings of $0.28 per share compared to a staggering $-1.88 at the same time last year. This is a clear indication that there has been substantial improvement. Interestingly, while earnings per share remained flat compared to the prior quarter, this stability amidst an otherwise perturbing landscape provides a smidgen of optimism.
However, one cannot ignore the 11.968% decline in revenue, which dropped to $890 million from $1.01 billion in the corresponding period last year. Sequentially, revenue dipped 2.732% from $915 million. This significant drop reflects the operational headwinds that the company is facing. Additionally, with a bottom line of $64 million, there?s a stark decline of 78.88% from the $303 million recorded in the same quarter last year. The declining revenue coupled with almost halved operational earnings ? down 35.97% to $89 million ? has undoubtedly created pressure on Garrett's margins. The shrinking operating margin to 10% from 13.75% the prior year, and a reduced net margin to 7.19%, indicate that the company is struggling to convert sales into profits.
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| Shares
Published Tue, May 7 2024 8:31 PM UTC
Garrett Motion Inc. Successfully Upsizes and Prices Private Offering of $800 Million of Senior Notes Due 2032, Shareholders Optimistic
Amidst the volatile economic environment, Garrett Motion Inc. has taken a significant step towards strengthening its financial position by announcing the successful upsizing and pricing of a private offering of $800 million of senior note...
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| Financing Agreement
Published Mon, May 6 2024 11:50 AM UTC
In a recent press release, Garrett Motion Inc. announced a proposed private offering of $500 million of senior notes, due in 2032. This move comes as the company faces declining income per employee, dropping to $73,000 in the first quarter of 2024 on a trailing twelve month basis. This figure falls below the company s average income per employee of $75,658.
Despite ...
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| Garrett Motion Inc
Garrett Motion Inc, a leading manufacturer of automotive parts, has experienced a decline in its share price over the past month. The company's shares have gone down by -1.89% during this period, resulting in a decrease of -6.42% during the second quarter of 2024. Despite this recent decrease, Garrett Motion Inc's shares have been trending higher and are only 8.2% below their 52-week high.
In the first quarter of 2024, Garrett Motion Inc faced weak revenue, but still managed to increase its earnings per share. The company's income per share saw a significant advancement of 115.38% to $0.28 per share. However, the revenue declined by -5.67% to $915.00 million compared to the previous year. This decline in top-line revenue is in contrast to the Auto & Truck Parts industry, which experienced a revenue gain during the same period.
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| Garrett Motion Inc
Garrett Motion Inc, a global leader in automotive technology, has shown strong performance in its recent Q4 numbers compared to the same period last year. The company reported a significant increase in earnings per share (EPS) by 715.16% to $0.48, and a 5.234% growth in revenue to $945.00 million. However, revenue saw a slight decrease of -1.563% from the previous quarter.
Despite the decrease in revenue, EPS saw a rapid growth of 110.49% from $0.23 per share in the previous period. Net profits for the fourth quarter of 2023 fell by -92.11% to $12.000 million from $152.000 million in the same period a year before. Net margin eased to 1.27% as the company focused on improving sales in the fourth quarter of 2023.
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| Per Share |
Current |
| Earnings (TTM) |
1.27 $ |
| Revenues (TTM) |
15.53 $
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| Cash Flow (TTM) |
- |
| Cash |
0.56 $
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| Book Value |
-
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
1.27 $
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| Revenues (TTM) |
15.53 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.56 $
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| Book Value |
- |
| Dividend (TTM) |
0 $ |
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On February 15 2024 the Garrett Motion Inc provided following guidance
In an impressive display of performance, Garrett Motion Inc. reported strong results for the year 2023. With this success, the company has confidently issued its outlook for the year 2024. Additionally, Garrett Motion has taken the proactive step of authorizing a new share repurchase program, with a budget of $350 million.
Throughout the year 2023, Garrett Motion achieved remarkable growth and stability in its operations. The company's financial results surpassed expectations, reflecting its ability to navigate challenging market conditions effectively. This commendable performance serves as a testament to Garrett Motion's robust business model and excellent execution strategies.
Building on th...
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