Garrett Files For Bankruptcy Protection Amid Fallout With Honeywell [Yahoo! Finance News]
Garrett Motion Inc. (GTX)
Last garrett motion inc. earnings: 2/27 07:00 am
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Source: Yahoo! Finance News
Switzerland-based auto-parts manufacturer Garrett Motion Inc (NYSE: GTX) has voluntarily filed for Chapter 11 bankruptcy protection and proposed a $2.1 billion sale of its business to KPS Capital Partners, LP.What Happened: In less than two years of listing as a public company -- post spinoff from former parent Honeywell International Inc. (NYSE: HON) -- Garrett Motion has voluntarily filed for bankruptcy protection to protect capital and long-term business sustainability.The coronavirus pandemic has hit the company's sales as U.S. car manufacturers have slowed production and burned through cash.Garrett also took over significant liabilities during the spinoff in the form of payments to victims of asbestos exposure arising from Honeywell's Bendix division. Last year, Garrett had sued Honeywell, seeking to negotiate asbestos indemnity."Although the fundamentals of our business are strong and we have continued to try to develop our business strategy, the financial strains of the heavy d
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GTX
News
- Garrett Motion Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Should Value Investors Buy Garrett Motion (GTX) Stock? [Yahoo! Finance]Yahoo! Finance
- Garrett Motion to Hold First Quarter 2024 Financial Results Conference Call on Thursday April 25, 2024GlobeNewswire
- Unveiling Garrett Motion's Growth Strategies, FCF Growth, And Current Undervaluation [Seeking Alpha]Seeking Alpha
GTX
Earnings
- 4/25/24 - Beat
GTX
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/12/24 - Form ARS
- GTX's page on the SEC website